First National Trust Co. grew its position in Applied Materials, Inc. (NASDAQ:AMAT) by 11.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 59,191 shares of the manufacturing equipment provider’s stock after acquiring an additional 5,846 shares during the quarter. First National Trust Co.’s holdings in Applied Materials were worth $3,083,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of Applied Materials by 63.0% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,548,845 shares of the manufacturing equipment provider’s stock valued at $80,679,000 after acquiring an additional 598,504 shares during the period. Toronto Dominion Bank boosted its holdings in shares of Applied Materials by 10.7% in the third quarter. Toronto Dominion Bank now owns 438,746 shares of the manufacturing equipment provider’s stock valued at $22,856,000 after acquiring an additional 42,285 shares during the period. First Eagle Investment Management LLC acquired a new stake in shares of Applied Materials in the third quarter valued at approximately $97,804,000. Jarislowsky Fraser Ltd boosted its holdings in shares of Applied Materials by 19.3% in the third quarter. Jarislowsky Fraser Ltd now owns 19,090 shares of the manufacturing equipment provider’s stock valued at $994,000 after acquiring an additional 3,090 shares during the period. Finally, HM Payson & Co. boosted its holdings in shares of Applied Materials by 645.0% in the third quarter. HM Payson & Co. now owns 131,334 shares of the manufacturing equipment provider’s stock valued at $6,841,000 after acquiring an additional 113,705 shares during the period. 79.35% of the stock is owned by institutional investors and hedge funds.

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Applied Materials, Inc. (NASDAQ AMAT) traded up $0.88 during trading on Monday, reaching $56.36. The company had a trading volume of 7,373,000 shares, compared to its average volume of 9,757,683. The stock has a market cap of $60,107.20, a PE ratio of 18.91, a PEG ratio of 0.90 and a beta of 1.85. Applied Materials, Inc. has a 1 year low of $28.24 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.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings data on Thursday, August 17th. The manufacturing equipment provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. The firm had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Applied Materials had a return on equity of 40.74% and a net margin of 22.08%. The firm’s quarterly revenue was up 32.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.50 EPS. equities research analysts predict that Applied Materials, Inc. will post 3.22 EPS for the current fiscal year.

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

Several equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Applied Materials from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Morgan Stanley reissued an “overweight” rating and issued a $52.00 price objective on shares of Applied Materials in a report on Monday, August 14th. B. Riley reissued a “buy” rating and issued a $61.00 price objective on shares of Applied Materials in a report on Saturday, August 19th. BidaskClub downgraded Applied Materials from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 2nd. Finally, Cowen and Company reaffirmed a “buy” rating and set a $50.00 price target on shares of Applied Materials in a report on Friday, July 28th. Three equities research 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 Applied Materials stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $51.24, for a total transaction of $1,537,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Alexander Karsner sold 22,762 shares of Applied Materials stock in a transaction dated 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. Company 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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