AMP Capital Investors Ltd Increases Stake in Applied Materials, Inc. (AMAT)

AMP Capital Investors Ltd lifted its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 6.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,100,899 shares of the manufacturing equipment provider’s stock after purchasing an additional 68,076 shares during the quarter. AMP Capital Investors Ltd owned 0.10% of Applied Materials worth $57,347,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in AMAT. LeJeune Puetz Investment Counsel LLC acquired a new position in Applied Materials during the third quarter worth $105,000. MPS Loria Financial Planners LLC acquired a new position in Applied Materials during the second quarter worth $109,000. Wunderlich Capital Managemnt increased its holdings in Applied Materials by 2.9% during the second quarter. Wunderlich Capital Managemnt now owns 3,037 shares of the manufacturing equipment provider’s stock worth $125,000 after buying an additional 87 shares during the last quarter. Bessemer Group Inc. increased its holdings in Applied Materials by 145.4% during the second quarter. Bessemer Group Inc. now owns 3,067 shares of the manufacturing equipment provider’s stock worth $126,000 after buying an additional 1,817 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in Applied Materials during the second quarter worth $134,000. 78.58% of the stock is currently owned by institutional investors and hedge funds.

Applied Materials, Inc. (AMAT) opened at $50.08 on Wednesday. Applied Materials, Inc. has a fifty-two week low of $31.21 and a fifty-two week high of $60.89. The company has a market cap of $55,361.34, a price-to-earnings ratio of 15.97, a price-to-earnings-growth ratio of 0.99 and a beta of 1.80. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.14 and a quick ratio of 2.43.

Applied Materials (NASDAQ:AMAT) last released 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 23.62% and a return on equity of 41.51%. The firm had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.93 billion. During the same period in the previous year, the company earned $0.66 earnings per share. The company’s quarterly revenue was up 20.4% on a year-over-year basis. equities research analysts predict that Applied Materials, Inc. will post 3.96 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Friday, November 24th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.40 annualized dividend and a dividend yield of 0.80%. Applied Materials’s dividend payout ratio (DPR) is presently 12.62%.

In related news, VP Thomas F. Larkins sold 30,000 shares of the company’s stock in a transaction dated Thursday, October 5th. The shares were 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 available through the SEC website. Also, Director Stephen R. Forrest sold 5,000 shares of the company’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $58.00, for a total transaction of $290,000.00. The disclosure for this sale can be found here. Corporate insiders own 0.31% of the company’s stock.

A number of equities analysts recently weighed in on AMAT shares. B. Riley restated a “buy” rating and set a $61.00 target price on shares of Applied Materials in a report on Saturday, August 19th. Craig Hallum boosted their target price on shares of Applied Materials to $60.00 and gave the stock a “buy” rating in a report on Friday, August 18th. Nomura boosted their target price on shares of Applied Materials from $47.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, August 18th. Deutsche Bank boosted their target price on shares of Applied Materials from $48.00 to $52.00 and gave the stock a “buy” rating in a report on Friday, August 18th. Finally, Stifel Nicolaus restated a “buy” rating and set a $61.00 target price (up from $55.00) on shares of Applied Materials in a report on Friday, August 18th. Two equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. Applied Materials currently has a consensus rating of “Buy” and an average target price of $60.99.

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About Applied Materials

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

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