Applied Materials, Inc. (AMAT) Shares Sold by Asset Management One Co. Ltd.
Asset Management One Co. Ltd. cut its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 0.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,707,718 shares of the manufacturing equipment provider’s stock after selling 14,526 shares during the period. Asset Management One Co. Ltd. owned 0.16% of Applied Materials worth $88,823,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Mathes Company Inc. purchased a new stake in Applied Materials in the third quarter worth $1,613,000. Commonwealth Bank of Australia grew its stake in Applied Materials by 2.7% in the second quarter. Commonwealth Bank of Australia now owns 87,942 shares of the manufacturing equipment provider’s stock worth $3,632,000 after purchasing an additional 2,279 shares during the period. OMERS ADMINISTRATION Corp purchased a new stake in shares of Applied Materials in the second quarter worth $2,082,000. Bridgewater Associates LP purchased a new stake in shares of Applied Materials in the second quarter worth $8,834,000. Finally, Paragon Capital Management Ltd purchased a new stake in shares of Applied Materials in the third quarter worth $267,000. 78.58% of the stock is currently owned by hedge funds and other institutional investors.
In other Applied Materials news, Director Stephen R. Forrest sold 5,000 shares of the stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $58.00, for a total value of $290,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Thomas F. Larkins sold 30,000 shares of the stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $51.24, for a total value of $1,537,200.00. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by corporate insiders.
Applied Materials (NASDAQ:AMAT) last posted its earnings results on Thursday, November 16th. The manufacturing equipment provider reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. Applied Materials had a return on equity of 41.51% and a net margin of 23.62%. The company had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.93 billion. During the same quarter in the prior year, the company earned $0.66 earnings per share. Applied Materials’s revenue was up 20.4% on a year-over-year basis. analysts predict that Applied Materials, Inc. will post 3.96 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Friday, November 24th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Wednesday, November 22nd. Applied Materials’s dividend payout ratio is 12.62%.
AMAT has been the topic of a number of recent research reports. Credit Suisse Group reissued a “buy” rating on shares of Applied Materials in a research note on Tuesday, August 29th. Goldman Sachs Group raised Applied Materials from a “neutral” rating to a “buy” rating and increased their target price for the stock from $49.00 to $52.00 in a research note on Wednesday, September 13th. Morgan Stanley reissued an “overweight” rating on shares of Applied Materials in a research note on Thursday, September 14th. Bank of America increased their target price on Applied Materials from $65.00 to $76.00 and gave the stock a “buy” rating in a research note on Wednesday, November 15th. Finally, B. Riley reissued a “buy” rating and issued a $63.00 target price on shares of Applied Materials in a research note on Monday, November 13th. Two investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. Applied Materials has an average rating of “Buy” and a consensus target price of $60.99.
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