Teacher Retirement System of Texas cut its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 12.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 601,497 shares of the manufacturing equipment provider’s stock after selling 83,250 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.06% of Applied Materials worth $31,332,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in AMAT. Janus Henderson Group PLC increased its position in shares of Applied Materials by 390.4% during the 2nd quarter. Janus Henderson Group PLC now owns 11,446,282 shares of the manufacturing equipment provider’s stock valued at $472,835,000 after purchasing an additional 9,112,328 shares during the last quarter. Swedbank purchased a new stake in shares of Applied Materials during the 2nd quarter valued at $135,363,000. Egerton Capital UK LLP increased its position in shares of Applied Materials by 23.2% during the 3rd quarter. Egerton Capital UK LLP now owns 16,919,928 shares of the manufacturing equipment provider’s stock valued at $881,359,000 after purchasing an additional 3,184,994 shares during the last quarter. Capital Research Global Investors increased its position in shares of Applied Materials by 14.8% during the 2nd quarter. Capital Research Global Investors now owns 17,724,836 shares of the manufacturing equipment provider’s stock valued at $732,213,000 after purchasing an additional 2,284,836 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its position in shares of Applied Materials by 108.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 3,690,615 shares of the manufacturing equipment provider’s stock valued at $152,459,000 after purchasing an additional 1,922,233 shares during the last quarter. 79.35% of the stock is owned by hedge funds and other institutional investors.

Shares of Applied Materials, Inc. (AMAT) traded down $0.59 on Tuesday, hitting $56.44. The stock had a trading volume of 3,635,649 shares, compared to its average volume of 9,756,110. The company has a market cap of $60,530.00, a P/E ratio of 18.91, a PEG ratio of 0.90 and a beta of 1.85. The company has a current ratio of 2.91, a quick ratio of 2.25 and a debt-to-equity ratio of 0.61. Applied Materials, Inc. has a 12-month low of $28.93 and a 12-month high of $57.34.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results on Thursday, August 17th. The manufacturing equipment provider reported $0.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.02. The firm had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.69 billion. Applied Materials had a return on equity of 40.74% and a net margin of 22.08%. The company’s revenue for the quarter was up 32.7% on a year-over-year basis. During the same quarter last year, the company posted $0.50 EPS. equities research analysts expect that Applied Materials, Inc. will post 3.22 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Friday, November 24th will be given a $0.10 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $0.40 dividend on an annualized basis and a yield of 0.71%. Applied Materials’s payout ratio is 14.18%.

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AMAT has been the subject of several research analyst reports. Vetr raised Applied Materials from a “hold” rating to a “buy” rating and set a $48.70 target price for the company in a research report on Monday, July 24th. Cowen and Company reaffirmed a “buy” rating and set a $50.00 target price on shares of Applied Materials in a research report on Friday, July 28th. BidaskClub lowered Applied Materials from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. B. Riley reaffirmed a “buy” rating and set a $56.00 target price on shares of Applied Materials in a research report on Monday, August 14th. Finally, Zacks Investment Research lowered Applied Materials from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Three analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $56.64.

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

Applied Materials Company Profile

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

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