Applied Materials Inc. (AMAT) Stake Maintained by Amica Mutual Insurance Co.
Amica Mutual Insurance Co. continued to hold its position in shares of Applied Materials Inc. (NASDAQ:AMAT) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,531 shares of the manufacturing equipment provider’s stock at the end of the third quarter. Amica Mutual Insurance Co.’s holdings in Applied Materials were worth $2,157,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in the stock. FMR LLC raised its stake in Applied Materials by 65.3% in the second quarter. FMR LLC now owns 32,620,245 shares of the manufacturing equipment provider’s stock valued at $781,907,000 after buying an additional 12,881,391 shares during the last quarter. Winslow Capital Management LLC acquired a new stake in Applied Materials during the second quarter valued at approximately $173,715,000. Emerald Acquisition Ltd. acquired a new stake in Applied Materials during the second quarter valued at approximately $113,508,000. Bank of Montreal Can raised its stake in Applied Materials by 340.2% in the third quarter. Bank of Montreal Can now owns 4,651,215 shares of the manufacturing equipment provider’s stock valued at $140,233,000 after buying an additional 3,594,718 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. acquired a new stake in Applied Materials during the second quarter valued at approximately $74,805,000. Institutional investors own 80.36% of the company’s stock.
Shares of Applied Materials Inc. (NASDAQ:AMAT) traded up 1.01% during mid-day trading on Tuesday, hitting $32.16. 8,982,904 shares of the stock were exchanged. Applied Materials Inc. has a 52-week low of $15.44 and a 52-week high of $32.35. The stock’s 50-day moving average price is $29.28 and its 200-day moving average price is $27.16. The company has a market cap of $34.76 billion, a P/E ratio of 20.88 and a beta of 1.86.
Applied Materials (NASDAQ:AMAT) last released its earnings results on Thursday, November 17th. The manufacturing equipment provider reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.01. The company earned $3.30 billion during the quarter, compared to analysts’ expectations of $3.31 billion. Applied Materials had a net margin of 15.90% and a return on equity of 28.09%. Applied Materials’s revenue for the quarter was up 39.2% on a year-over-year basis. During the same period last year, the business earned $0.29 EPS. Equities research analysts anticipate that Applied Materials Inc. will post $2.35 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Friday, November 25th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Tuesday, November 22nd. Applied Materials’s dividend payout ratio (DPR) is presently 25.64%.
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Several research firms recently commented on AMAT. Goldman Sachs Group Inc. set a $33.00 price objective on shares of Applied Materials and gave the stock a “buy” rating in a research note on Friday, August 19th. Credit Suisse Group AG reissued a “buy” rating and set a $34.00 price objective on shares of Applied Materials in a research note on Wednesday, November 16th. Zacks Investment Research raised shares of Applied Materials from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research note on Wednesday, November 16th. RBC Capital Markets reissued a “sector perform” rating and set a $28.00 price objective (up previously from $26.00) on shares of Applied Materials in a research note on Wednesday, August 17th. Finally, Needham & Company LLC reissued a “buy” rating and set a $34.00 price objective (up previously from $29.00) on shares of Applied Materials in a research note on Sunday, August 21st. Five equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. Applied Materials presently has an average rating of “Buy” and an average target price of $31.95.
In related news, VP Omkaram Nalamasu sold 99,491 shares of Applied Materials stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $30.15, for a total value of $2,999,653.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gary E. Dickerson sold 229,935 shares of Applied Materials stock in a transaction that occurred on Friday, October 7th. The stock was sold at an average price of $29.71, for a total transaction of $6,831,368.85. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by corporate insiders.
Applied Materials Company Profile
Applied Materials, Inc (Applied) provides manufacturing equipment, services and software to the semiconductor, display, solar photovoltaic (PV) and related industries across the world. The Company operates in four segments: Silicon Systems, Applied Global Services, Display, and Energy and Environmental Solutions.
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