ClariVest Asset Management LLC Has $69.41 Million Holdings in Applied Materials, Inc. (AMAT)

ClariVest Asset Management LLC trimmed its position in Applied Materials, Inc. (NASDAQ:AMAT) by 4.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,332,561 shares of the manufacturing equipment provider’s stock after selling 57,531 shares during the period. Applied Materials makes up approximately 1.5% of ClariVest Asset Management LLC’s holdings, making the stock its 9th biggest holding. ClariVest Asset Management LLC owned 0.12% of Applied Materials worth $69,413,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in AMAT. Vanguard Group Inc. lifted its stake in shares of Applied Materials by 2.3% during the second quarter. Vanguard Group Inc. now owns 75,084,373 shares of the manufacturing equipment provider’s stock worth $3,101,736,000 after buying an additional 1,721,964 shares during the period. State Street Corp lifted its stake in shares of Applied Materials by 2.1% during the second quarter. State Street Corp now owns 48,897,158 shares of the manufacturing equipment provider’s stock worth $2,019,939,000 after buying an additional 985,296 shares during the period. Capital Research Global Investors lifted its stake in shares of Applied Materials by 14.8% during the second quarter. Capital Research Global Investors now owns 17,724,836 shares of the manufacturing equipment provider’s stock worth $732,213,000 after buying an additional 2,284,836 shares during the period. Egerton Capital UK LLP lifted its stake in shares of Applied Materials by 23.2% during the third quarter. Egerton Capital UK LLP now owns 16,919,928 shares of the manufacturing equipment provider’s stock worth $881,359,000 after buying an additional 3,184,994 shares during the period. Finally, TIAA CREF Investment Management LLC lifted its stake in shares of Applied Materials by 7.6% during the second quarter. TIAA CREF Investment Management LLC now owns 13,751,324 shares of the manufacturing equipment provider’s stock worth $568,067,000 after buying an additional 973,818 shares during the period. Institutional investors own 79.35% of the company’s stock.

Several research firms have recently commented on AMAT. Royal Bank Of Canada lifted their price objective on shares of Applied Materials from $55.00 to $64.00 and gave the stock an “outperform” rating in a research note on Friday. Credit Suisse Group lifted their price objective on shares of Applied Materials from $62.00 to $72.00 and gave the stock an “outperform” rating in a research note on Friday. Needham & Company LLC lifted their price objective on shares of Applied Materials to $66.00 and gave the stock a “positive” rating in a research note on Friday. Deutsche Bank AG lifted their price objective on shares of Applied Materials from $58.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday. Finally, J P Morgan Chase & Co lifted their price objective on shares of Applied Materials to $70.00 and gave the stock an “overweight” rating in a research note on Friday. Three investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $59.35.

Shares of Applied Materials, Inc. (NASDAQ:AMAT) traded up $2.07 during trading hours on Friday, reaching $57.84. 16,712,300 shares of the company were exchanged, compared to its average volume of 9,786,178. The firm has a market cap of $61,070.00, a PE ratio of 18.72, a P/E/G ratio of 0.88 and a beta of 1.85. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.25 and a current ratio of 2.91. Applied Materials, Inc. has a 12-month low of $29.85 and a 12-month high of $58.00.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data on Thursday, November 16th. The manufacturing equipment provider reported $0.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.02. Applied Materials had a net margin of 22.08% and a return on equity of 40.74%. The firm had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $3.93 billion. During the same quarter last year, the business earned $0.66 earnings per share. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. analysts anticipate that Applied Materials, Inc. will post 3.22 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Friday, November 24th will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.69%. Applied Materials’s dividend payout ratio (DPR) is presently 12.62%.

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In related news, Director Alexander Karsner sold 22,762 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $44.03, for a total value of $1,002,210.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Thomas F. Larkins sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $51.24, for a total transaction of $1,537,200.00. The disclosure for this sale can be found here. Insiders own 0.31% of the company’s stock.

About Applied Materials

Institutional Ownership by Quarter for Applied Materials (NASDAQ:AMAT)

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