Raymond James Financial Services Advisors Inc. reduced its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 9.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 56,161 shares of the manufacturing equipment provider’s stock after selling 5,954 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Applied Materials were worth $2,926,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMAT. MPS Loria Financial Planners LLC acquired a new stake in shares of Applied Materials during the 2nd quarter worth $109,000. Wunderlich Capital Managemnt grew its holdings in shares of Applied Materials by 2.9% during the 2nd quarter. Wunderlich Capital Managemnt now owns 3,037 shares of the manufacturing equipment provider’s stock worth $125,000 after purchasing an additional 87 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of Applied Materials by 145.4% during the 2nd quarter. Bessemer Group Inc. now owns 3,067 shares of the manufacturing equipment provider’s stock worth $126,000 after purchasing an additional 1,817 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Applied Materials in the second quarter valued at about $134,000. Finally, D. Scott Neal Inc. acquired a new stake in Applied Materials in the second quarter valued at about $146,000. 78.79% of the stock is currently owned by institutional investors.
In other Applied Materials news, VP Thomas F. Larkins sold 30,000 shares of the stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $51.24, for a total value of $1,537,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.31% of the stock is currently owned by company insiders.
Applied Materials (NASDAQ:AMAT) last posted its earnings results on Thursday, November 16th. The manufacturing equipment provider reported $0.93 EPS for the quarter, beating the consensus estimate of $0.91 by $0.02. The firm had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.93 billion. Applied Materials had a return on equity of 41.51% and a net margin of 23.62%. The business’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period last year, the company earned $0.66 earnings per share. equities research analysts anticipate that Applied Materials, Inc. will post 3.93 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Friday, November 24th will be given a $0.10 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $0.40 annualized dividend and a yield of 0.69%. Applied Materials’s dividend payout ratio is presently 12.62%.
Several analysts recently weighed in on the company. Zacks Investment Research lowered Applied Materials from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. Morgan Stanley reaffirmed an “overweight” rating and issued a $52.00 price objective on shares of Applied Materials in a research note on Monday, August 14th. B. Riley reaffirmed a “buy” rating and issued a $61.00 price objective on shares of Applied Materials in a research note on Saturday, August 19th. Vetr raised Applied Materials from a “hold” rating to a “buy” rating and set a $60.07 price objective on the stock in a research note on Monday, November 20th. Finally, BidaskClub lowered Applied Materials from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. Two research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $60.85.
About Applied Materials
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