Short Interest in Applied Materials, Inc. (AMAT) Increases By 11.6%

Applied Materials, Inc. (NASDAQ:AMAT) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totalling 14,392,492 shares, a growth of 11.6% from the November 30th total of 12,891,342 shares. Approximately 1.4% of the shares of the company are sold short. Based on an average trading volume of 14,824,692 shares, the short-interest ratio is currently 1.0 days.

A number of analysts have recently commented on AMAT shares. Credit Suisse Group reissued a “buy” rating and issued a $62.00 price objective on shares of Applied Materials in a research note on Tuesday, September 26th. Stifel Nicolaus reissued a “buy” rating on shares of Applied Materials in a research note on Sunday, October 1st. Needham & Company LLC boosted their price objective on Applied Materials to $66.00 and gave the stock a “positive” rating in a research note on Friday, November 17th. Zacks Investment Research downgraded Applied Materials from a “buy” rating to a “hold” rating in a research note on Thursday, November 23rd. Finally, KeyCorp reissued an “outperform” rating and issued a $57.00 price objective on shares of Applied Materials in a research note on Saturday, September 16th. One investment analyst has rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $60.95.

Applied Materials (AMAT) opened at $51.12 on Tuesday. The company has a quick ratio of 2.43, a current ratio of 3.14 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $54,630.00, a price-to-earnings ratio of 16.13, a P/E/G ratio of 1.00 and a beta of 1.80. Applied Materials has a 1-year low of $31.66 and a 1-year high of $60.89.

Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, November 16th. The manufacturing equipment provider reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.02. The business had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $3.93 billion. Applied Materials had a return on equity of 41.51% and a net margin of 23.62%. The company’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.66 EPS. analysts anticipate that Applied Materials will post 4.04 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Investors of record on Wednesday, February 21st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date is Tuesday, February 20th. Applied Materials’s payout ratio is 12.62%.

In other news, VP Thomas F. Larkins sold 30,000 shares of the business’s stock in a transaction on 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 SEC, which is accessible through this link. Also, Director Stephen R. Forrest sold 5,000 shares of the business’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $58.00, for a total value of $290,000.00. The disclosure for this sale can be found here. 0.31% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. LeJeune Puetz Investment Counsel LLC purchased a new position in shares of Applied Materials during the third quarter valued at $105,000. MPS Loria Financial Planners LLC purchased a new position in shares of Applied Materials during the second quarter valued at $109,000. First Personal Financial Services grew its holdings in shares of Applied Materials by 281.5% during the third quarter. First Personal Financial Services now owns 2,575 shares of the manufacturing equipment provider’s stock valued at $134,000 after buying an additional 1,900 shares in the last quarter. Zions Bancorporation grew its holdings in shares of Applied Materials by 349.1% during the third quarter. Zions Bancorporation now owns 2,636 shares of the manufacturing equipment provider’s stock valued at $137,000 after buying an additional 2,049 shares in the last quarter. Finally, Mosaic Family Wealth LLC grew its holdings in shares of Applied Materials by 56.1% during the third quarter. Mosaic Family Wealth LLC now owns 2,737 shares of the manufacturing equipment provider’s stock valued at $142,000 after buying an additional 984 shares in the last quarter. Institutional investors and hedge funds own 79.76% of the company’s stock.

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Applied Materials Company Profile

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