Kiwi Wealth Investments Limited Partnership boosted its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 35.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 102,525 shares of the manufacturing equipment provider’s stock after buying an additional 26,838 shares during the quarter. Kiwi Wealth Investments Limited Partnership’s holdings in Applied Materials were worth $5,341,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Tudor Investment Corp ET AL grew its holdings in shares of Applied Materials by 225.4% during the first quarter. Tudor Investment Corp ET AL now owns 44,258 shares of the manufacturing equipment provider’s stock worth $1,722,000 after purchasing an additional 30,658 shares during the last quarter. Caxton Associates LP boosted its stake in shares of Applied Materials by 418.9% during the first quarter. Caxton Associates LP now owns 290,600 shares of the manufacturing equipment provider’s stock worth $11,304,000 after buying an additional 234,600 shares during the period. Credit Suisse AG boosted its stake in shares of Applied Materials by 14.8% during the first quarter. Credit Suisse AG now owns 2,607,513 shares of the manufacturing equipment provider’s stock worth $101,432,000 after buying an additional 335,984 shares during the period. HighTower Advisors LLC boosted its stake in shares of Applied Materials by 100.3% during the first quarter. HighTower Advisors LLC now owns 219,809 shares of the manufacturing equipment provider’s stock worth $8,541,000 after buying an additional 110,073 shares during the period. Finally, Harbour Capital Advisors LLC acquired a new stake in shares of Applied Materials during the first quarter worth about $213,000. 79.35% of the stock is currently owned by hedge funds and other institutional investors.

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In related news, Director Alexander Karsner sold 22,762 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $44.03, for a total transaction of $1,002,210.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Thomas F. Larkins sold 30,000 shares of the 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. Corporate insiders own 0.31% of the company’s stock.

Applied Materials, Inc. (NASDAQ:AMAT) traded up $1.41 during midday trading on Thursday, reaching $57.18. 3,755,147 shares of the company’s stock traded hands, compared to its average volume of 9,754,876. Applied Materials, Inc. has a 1 year low of $29.54 and a 1 year high of $57.34. The company has a current ratio of 2.91, a quick ratio of 2.25 and a debt-to-equity ratio of 0.61. The company has a market cap of $60,930.00, a PE ratio of 18.93, a price-to-earnings-growth ratio of 0.90 and a beta of 1.85.

Applied Materials (NASDAQ:AMAT) last posted its earnings results on Thursday, August 17th. The manufacturing equipment provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.84 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 $3.74 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter in the prior year, the firm earned $0.50 EPS. Applied Materials’s quarterly revenue was up 32.7% on a year-over-year basis. equities research analysts anticipate that Applied Materials, Inc. will post 3.22 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Friday, November 24th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend is Wednesday, November 22nd. Applied Materials’s dividend payout ratio is currently 14.18%.

A number of equities research analysts recently commented on the stock. Vetr downgraded shares of Applied Materials from a “strong-buy” rating to a “buy” rating and set a $48.70 price objective for the company. in a research report on Monday, August 7th. BidaskClub downgraded shares of Applied Materials from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. Cowen and Company restated a “buy” rating and issued a $50.00 price objective on shares of Applied Materials in a research report on Friday, July 28th. Deutsche Bank AG raised their price objective on shares of Applied Materials from $48.00 to $52.00 and gave the company a “buy” rating in a research report on Friday, August 18th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $61.00 price objective (up previously from $55.00) on shares of Applied Materials in a research report on Friday, August 18th. Three equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $57.14.

Applied Materials Company Profile

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

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