Applied Materials, Inc. (AMAT) Short Interest Update

Applied Materials, Inc. (NASDAQ:AMAT) was the recipient of a significant growth in short interest in the month of September. As of September 14th, there was short interest totalling 16,155,438 shares, a growth of 12.3% from the August 31st total of 14,385,573 shares. Based on an average daily volume of 15,093,746 shares, the short-interest ratio is currently 1.1 days. Currently, 1.6% of the company’s shares are short sold.

A number of institutional investors have recently bought and sold shares of AMAT. Royal London Asset Management Ltd. acquired a new position in shares of Applied Materials during the second quarter worth $20,209,000. SP Asset Management acquired a new position in shares of Applied Materials during the second quarter worth $922,000. HRT Financial LLC acquired a new position in shares of Applied Materials during the second quarter worth $1,287,000. LFA Lugano Financial Advisors SA acquired a new position in shares of Applied Materials during the second quarter worth $177,000. Finally, HM Payson & Co. increased its position in shares of Applied Materials by 8.0% during the second quarter. HM Payson & Co. now owns 301,758 shares of the manufacturing equipment provider’s stock worth $13,938,000 after purchasing an additional 22,259 shares in the last quarter. Institutional investors own 77.16% of the company’s stock.

Applied Materials stock opened at $38.26 on Thursday. The company has a quick ratio of 1.67, a current ratio of 2.52 and a debt-to-equity ratio of 0.78. The firm has a market cap of $38.43 billion, a price-to-earnings ratio of 11.82, a P/E/G ratio of 0.80 and a beta of 1.53. Applied Materials has a twelve month low of $37.39 and a twelve month high of $62.40.

Applied Materials (NASDAQ:AMAT) last posted its earnings results on Thursday, August 16th. The manufacturing equipment provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03. The company had revenue of $4.47 billion during the quarter, compared to analyst estimates of $4.42 billion. Applied Materials had a return on equity of 58.23% and a net margin of 19.87%. Applied Materials’s revenue was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.86 earnings per share. analysts anticipate that Applied Materials will post 4.45 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Friday, November 23rd will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, November 21st. This represents a $0.80 dividend on an annualized basis and a yield of 2.09%. Applied Materials’s dividend payout ratio is currently 24.62%.

A number of analysts recently issued reports on the company. BidaskClub upgraded Applied Materials from a “sell” rating to a “hold” rating in a report on Wednesday, July 18th. Bank of America lowered their price target on Applied Materials from $70.00 to $65.00 and set a “buy” rating for the company in a report on Friday, August 17th. Citigroup lowered their price target on Applied Materials from $73.00 to $68.00 and set a “buy” rating for the company in a report on Friday, August 17th. Nomura lowered their price target on Applied Materials from $65.00 to $60.00 and set a “buy” rating for the company in a report on Monday, August 20th. Finally, Evercore ISI lowered their price target on Applied Materials to $65.00 and set an “outperform” rating for the company in a report on Tuesday, July 17th. Two analysts have rated the stock with a sell rating, six have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $62.09.

Applied Materials Company Profile

Applied Materials, Inc provides manufacturing equipment, services, and software to the semiconductor, display, and related industries worldwide. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells a range of manufacturing equipment used to fabricate semiconductor chips or integrated circuits.

Further Reading: Stock Symbols and CUSIP Explained

Receive News & Ratings for Applied Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Materials and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply