Great West Life Assurance Co. Can Cuts Stake in Applied Materials, Inc. (AMAT)

Great West Life Assurance Co. Can lessened its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 0.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,378,524 shares of the manufacturing equipment provider’s stock after selling 2,050 shares during the quarter. Great West Life Assurance Co. Can owned approximately 0.13% of Applied Materials worth $69,989,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in AMAT. Summit Financial Wealth Advisors LLC raised its holdings in Applied Materials by 0.3% in the 2nd quarter. Summit Financial Wealth Advisors LLC now owns 6,269 shares of the manufacturing equipment provider’s stock valued at $259,000 after buying an additional 19 shares during the period. Adirondack Trust Co. raised its holdings in Applied Materials by 1.1% in the 2nd quarter. Adirondack Trust Co. now owns 3,650 shares of the manufacturing equipment provider’s stock valued at $151,000 after buying an additional 40 shares during the period. Affinity Wealth Management raised its holdings in Applied Materials by 0.8% in the 2nd quarter. Affinity Wealth Management now owns 6,387 shares of the manufacturing equipment provider’s stock valued at $264,000 after buying an additional 48 shares during the period. Wunderlich Capital Managemnt raised its holdings in Applied Materials by 2.9% in the 2nd quarter. Wunderlich Capital Managemnt now owns 3,037 shares of the manufacturing equipment provider’s stock valued at $125,000 after buying an additional 87 shares during the period. Finally, Honkamp Krueger Financial Services Inc. raised its holdings in Applied Materials by 0.5% in the 2nd quarter. Honkamp Krueger Financial Services Inc. now owns 20,921 shares of the manufacturing equipment provider’s stock valued at $864,000 after buying an additional 97 shares during the period. 78.58% of the stock is currently owned by institutional investors.

Applied Materials, Inc. (NASDAQ AMAT) traded up $0.14 during trading hours on Wednesday, reaching $50.22. The company’s stock had a trading volume of 5,422,425 shares, compared to its average volume of 10,040,702. The stock has a market capitalization of $53,079.05, a PE ratio of 15.31, a price-to-earnings-growth ratio of 0.95 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, Inc. has a 1 year low of $31.21 and a 1 year high of $60.89.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings data on Thursday, November 16th. The manufacturing equipment provider reported $0.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.02. The firm had revenue of $3.97 billion during 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%. Applied Materials’s revenue was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.66 earnings per share. sell-side analysts anticipate that Applied Materials, Inc. will post 3.96 EPS for the current fiscal year.

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

Several analysts recently issued reports on AMAT shares. Royal Bank Of Canada restated a “buy” rating on shares of Applied Materials in a report on Friday, October 27th. Bank of America boosted their price objective on shares of Applied Materials from $65.00 to $76.00 and gave the company a “buy” rating in a report on Wednesday, November 15th. Credit Suisse Group boosted their price target on shares of Applied Materials from $62.00 to $72.00 and gave the stock an “outperform” rating in a research note on Friday, November 17th. B. Riley reiterated a “buy” rating and set a $63.00 price target on shares of Applied Materials in a research note on Monday, November 13th. Finally, J P Morgan Chase & Co boosted their price target on shares of Applied Materials to $70.00 and gave the stock an “overweight” rating in a research note on Friday, November 17th. Two research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. Applied Materials has an average rating of “Buy” and an average target price of $61.15.

In other Applied Materials news, VP Thomas F. Larkins sold 30,000 shares of the company’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 document filed with the SEC, which is accessible through the SEC website. Also, Director Stephen R. Forrest sold 5,000 shares of the company’s stock in a transaction on Friday, November 24th. The shares were 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. Corporate insiders own 0.31% of the company’s stock.

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Applied Materials Profile

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

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