Teachers Advisors LLC lessened its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 46.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,041,505 shares of the manufacturing equipment provider’s stock after selling 1,789,808 shares during the quarter. Teachers Advisors LLC owned approximately 0.21% of Applied Materials worth $78,904,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. ELM Advisors LLC acquired a new position in shares of Applied Materials during the third quarter worth $157,000. Amussen Hunsaker Associates LLC acquired a new position in shares of Applied Materials during the second quarter worth $162,000. LFA Lugano Financial Advisors SA acquired a new position in shares of Applied Materials during the second quarter worth $177,000. Freestone Capital Holdings LLC acquired a new position in shares of Applied Materials during the third quarter worth $200,000. Finally, Perigon Wealth Management LLC acquired a new position in shares of Applied Materials during the third quarter worth $202,000. 76.20% of the stock is currently owned by hedge funds and other institutional investors.
Get Applied Materials alerts: Several equities analysts recently issued reports on AMAT shares. BidaskClub lowered shares of Applied Materials from a “sell” rating to a “strong sell” rating in a report on Tuesday, September 11th. KeyCorp restated an “overweight” rating and issued a $56.00 target price (down previously from $71.00) on shares of Applied Materials in a report on Friday, November 16th. Zacks Investment Research lowered shares of Applied Materials from a “hold” rating to a “sell” rating in a report on Wednesday, October 17th. Deutsche Bank restated a “hold” rating and issued a $43.00 target price (down previously from $58.00) on shares of Applied Materials in a report on Monday, October 1st. Finally, Citigroup dropped their target price on shares of Applied Materials from $68.00 to $57.00 and set a “buy” rating on the stock in a report on Tuesday, September 25th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $51.09.
Shares of NASDAQ AMAT opened at $30.31 on Friday. Applied Materials, Inc. has a 1-year low of $30.25 and a 1-year high of $62.40. The stock has a market cap of $29.62 billion, a PE ratio of 6.81, a P/E/G ratio of 1.04 and a beta of 1.66. The company has a current ratio of 2.64, a quick ratio of 1.73 and a debt-to-equity ratio of 0.78.
Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data on Thursday, November 15th. The manufacturing equipment provider reported $0.97 earnings per share for the quarter, meeting the consensus estimate of $0.97. Applied Materials had a net margin of 19.20% and a return on equity of 62.56%. The firm had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4 billion. Equities analysts anticipate that Applied Materials, Inc. will post 3.46 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 14th. Stockholders of record on Thursday, February 21st will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, February 20th. This represents a $0.80 annualized dividend and a dividend yield of 2.64%. Applied Materials’s dividend payout ratio is currently 17.98%.
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Applied Materials Profile
Applied Materials, Inc engages in the provision of materials engineering solutions used to produce new chip and advanced display. It operates through the following segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment includes semiconductor capital equipment for deposition, etch, ion implantation, rapid thermal processing, chemical mechanical planarization, metrology and inspection, and wafer level packaging.
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