Applied Materials, Inc. (NASDAQ:AMAT) Director Stephen R. Forrest sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $58.00, for a total transaction of $290,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Applied Materials, Inc. (AMAT) traded down $1.08 during mid-day trading on Friday, hitting $51.69. 11,196,288 shares of the stock were exchanged, compared to its average volume of 9,923,230. The company has a market cap of $56,490.00, a PE ratio of 17.64, a PEG ratio of 1.09 and a beta of 1.85. The company has a quick ratio of 2.43, a current ratio of 3.14 and a debt-to-equity ratio of 0.57. Applied Materials, Inc. has a one year low of $29.85 and a one 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 Zacks’ consensus estimate of $0.91 by $0.02. The company had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $3.93 billion. Applied Materials had a net margin of 23.62% and a return on equity of 41.51%. The business’s revenue was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.66 EPS. research analysts forecast that Applied Materials, Inc. will post 3.96 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Friday, November 24th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.77%. Applied Materials’s dividend payout ratio (DPR) is presently 12.62%.

Hedge funds have recently added to or reduced their stakes in the company. LeJeune Puetz Investment Counsel LLC bought a new position in Applied Materials in the 3rd quarter valued at about $105,000. MPS Loria Financial Planners LLC bought a new position in Applied Materials in the 2nd quarter valued at about $109,000. First Personal Financial Services lifted its position in Applied Materials by 281.5% in the 3rd quarter. First Personal Financial Services now owns 2,575 shares of the manufacturing equipment provider’s stock valued at $134,000 after acquiring an additional 1,900 shares in the last quarter. Zions Bancorporation lifted its position in Applied Materials by 349.1% in the 3rd quarter. Zions Bancorporation now owns 2,636 shares of the manufacturing equipment provider’s stock valued at $137,000 after acquiring an additional 2,049 shares in the last quarter. Finally, Mosaic Family Wealth LLC lifted its position in Applied Materials by 56.1% in the 3rd quarter. Mosaic Family Wealth LLC now owns 2,737 shares of the manufacturing equipment provider’s stock valued at $142,000 after acquiring an additional 984 shares in the last quarter. 78.60% of the stock is currently owned by institutional investors.

AMAT has been the subject of several research analyst reports. B. Riley reiterated a “buy” rating and set a $61.00 price target on shares of Applied Materials in a report on Saturday, August 19th. Craig Hallum upped their price target on shares of Applied Materials to $60.00 and gave the stock a “buy” rating in a report on Friday, August 18th. Nomura increased their price objective on Applied Materials from $47.00 to $50.00 and gave the company a “buy” rating in a report on Friday, August 18th. Deutsche Bank increased their price objective on Applied Materials from $48.00 to $52.00 and gave the company a “buy” rating in a report on Friday, August 18th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $61.00 price objective (up from $55.00) on shares of Applied Materials in a report on Friday, August 18th. Two investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $60.99.

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About Applied Materials

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