Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 1.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 258,576 shares of the manufacturing equipment provider’s stock after selling 2,532 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Applied Materials were worth $13,469,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Janus Henderson Group PLC grew its holdings 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 acquiring an additional 9,112,328 shares in the last quarter. Swedbank purchased a new position in shares of Applied Materials during the 2nd quarter valued at $135,363,000. Egerton Capital UK LLP grew its holdings 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 acquiring an additional 3,184,994 shares in the last quarter. Capital Research Global Investors grew its holdings 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 acquiring an additional 2,284,836 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its holdings 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 acquiring an additional 1,922,233 shares in the last quarter. 79.35% of the stock is currently owned by institutional investors.

Several equities analysts have recently commented on the stock. B. Riley restated a “buy” rating and set a $63.00 price target on shares of Applied Materials in a report on Monday. Royal Bank Of Canada restated a “buy” rating on shares of Applied Materials in a report on Friday, October 27th. Bank of America Corporation upped their price objective on shares of Applied Materials from $65.00 to $76.00 and gave the stock a “buy” rating in a report on Wednesday. Citigroup Inc. reiterated a “buy” rating and issued a $58.00 price objective on shares of Applied Materials in a report on Thursday, October 12th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $58.00 price objective on shares of Applied Materials in a report on Thursday, October 12th. Three equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. Applied Materials currently has an average rating of “Buy” and a consensus target price of $57.14.

In related news, Director Alexander Karsner sold 22,762 shares of the firm’s stock in a transaction 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Thomas F. Larkins sold 30,000 shares of the firm’s stock in a transaction on Thursday, October 5th. The stock was 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. Company insiders own 0.31% of the company’s stock.

Shares of Applied Materials, Inc. (NASDAQ AMAT) traded down $0.54 during mid-day trading on Wednesday, reaching $55.88. 4,758,098 shares of the company’s stock were exchanged, compared to its average volume of 9,755,576. Applied Materials, Inc. has a 1 year low of $29.10 and a 1 year high of $57.34. The company has a market capitalization of $59,800.00, a PE ratio of 19.14, a PEG ratio of 0.91 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 (NASDAQ:AMAT) last posted its earnings results on Thursday, August 17th. The manufacturing equipment provider reported $0.86 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.02. The company had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.69 billion. Applied Materials had a net margin of 22.08% and a return on equity of 40.74%. The business’s revenue for the quarter was up 32.7% compared to the same quarter last year. During the same period last year, the business posted $0.50 earnings per share. analysts forecast 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. Shareholders of record on Friday, November 24th will be issued a $0.10 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $0.40 annualized dividend and a yield of 0.72%. Applied Materials’s dividend payout ratio (DPR) is presently 14.18%.

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About Applied Materials

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

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