NumerixS Investment Technologies Inc cut its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 56.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,197 shares of the manufacturing equipment provider’s stock after selling 16,803 shares during the quarter. NumerixS Investment Technologies Inc’s holdings in Applied Materials were worth $593,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the company. Greenleaf Trust increased its holdings in Applied Materials by 8.5% in the 2nd quarter. Greenleaf Trust now owns 15,309 shares of the manufacturing equipment provider’s stock worth $688,000 after acquiring an additional 1,201 shares during the last quarter. Coastal Investment Advisors Inc. increased its holdings in Applied Materials by 82.9% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 2,304 shares of the manufacturing equipment provider’s stock worth $103,000 after acquiring an additional 1,044 shares during the last quarter. Hartford Financial Management Inc. increased its holdings in Applied Materials by 0.6% in the 2nd quarter. Hartford Financial Management Inc. now owns 42,875 shares of the manufacturing equipment provider’s stock worth $1,926,000 after acquiring an additional 248 shares during the last quarter. Fiduciary Trust Co. purchased a new stake in Applied Materials in the 1st quarter worth about $287,000. Finally, Nvwm LLC increased its holdings in Applied Materials by 28.0% in the 2nd quarter. Nvwm LLC now owns 17,597 shares of the manufacturing equipment provider’s stock worth $790,000 after acquiring an additional 3,844 shares during the last quarter. 78.68% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts recently weighed in on the company. BidaskClub raised Applied Materials from a “hold” rating to a “buy” rating in a report on Saturday, September 7th. Zacks Investment Research raised Applied Materials from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a report on Tuesday, June 4th. Deutsche Bank lifted their price objective on Applied Materials from $44.00 to $47.00 and gave the stock a “hold” rating in a report on Friday, August 16th. KeyCorp decreased their price objective on Applied Materials from $56.00 to $54.00 and set an “overweight” rating for the company in a report on Friday, August 16th. Finally, B. Riley set a $54.00 price objective on Applied Materials and gave the stock a “buy” rating in a report on Friday, August 16th. Ten equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $51.19.
NASDAQ AMAT traded down $0.23 during trading hours on Monday, hitting $51.12. The company had a trading volume of 258,090 shares, compared to its average volume of 7,482,719. Applied Materials, Inc. has a 52 week low of $28.79 and a 52 week high of $52.42. The firm has a 50 day simple moving average of $48.05 and a 200 day simple moving average of $43.60. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.72 and a current ratio of 2.65. The firm has a market capitalization of $47.00 billion, a price-to-earnings ratio of 11.49, a PEG ratio of 3.42 and a beta of 1.66.
Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, August 15th. The manufacturing equipment provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.70 by $0.04. The business had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.53 billion. Applied Materials had a return on equity of 39.37% and a net margin of 19.40%. The firm’s revenue was down 14.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.20 EPS. On average, research analysts forecast that Applied Materials, Inc. will post 3 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.21 per share. The ex-dividend date is Wednesday, November 20th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.64%. Applied Materials’s dividend payout ratio (DPR) is presently 18.88%.
In other news, Director Dennis D. Powell sold 25,218 shares of Applied Materials stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $51.44, for a total transaction of $1,297,213.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen R. Forrest sold 3,000 shares of Applied Materials stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $46.00, for a total value of $138,000.00. The disclosure for this sale can be found here. Company insiders own 0.44% of the company’s stock.
Applied Materials Profile
Applied Materials, Inc provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits.
Further Reading: Bollinger Bands
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.