Commerce Bank raised its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 8.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,595 shares of the manufacturing equipment provider’s stock after acquiring an additional 2,037 shares during the period. Commerce Bank’s holdings in Applied Materials were worth $1,437,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. LeJeune Puetz Investment Counsel LLC bought a new stake in Applied Materials in the third quarter valued at $105,000. MPS Loria Financial Planners LLC bought a new stake in Applied Materials in the second quarter valued at $109,000. Wunderlich Capital Managemnt grew its position in Applied Materials by 2.9% in the second quarter. Wunderlich Capital Managemnt now owns 3,037 shares of the manufacturing equipment provider’s stock valued at $125,000 after acquiring an additional 87 shares during the period. Bessemer Group Inc. grew its position in Applied Materials by 145.4% in the second quarter. Bessemer Group Inc. now owns 3,067 shares of the manufacturing equipment provider’s stock valued at $126,000 after acquiring an additional 1,817 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in Applied Materials in the second quarter valued at $134,000. Hedge funds and other institutional investors own 79.35% of the company’s stock.

In other Applied Materials news, VP Thomas F. Larkins sold 30,000 shares of the stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $51.24, for a total value of $1,537,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alexander Karsner sold 22,762 shares of the 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. 0.31% of the stock is owned by corporate insiders.

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AMAT has been the topic of a number of analyst reports. Credit Suisse Group reiterated a “buy” rating on shares of Applied Materials in a research report on Tuesday, August 29th. Goldman Sachs Group, Inc. (The) upgraded Applied Materials from a “neutral” rating to a “buy” rating and upped their price target for the company from $49.00 to $52.00 in a research report on Wednesday, September 13th. Morgan Stanley reiterated an “overweight” rating on shares of Applied Materials in a research report on Thursday, September 14th. Vetr upgraded Applied Materials from a “hold” rating to a “buy” rating and set a $48.70 price target on the stock in a research report on Monday, July 31st. Finally, B. Riley reiterated a “buy” rating and issued a $63.00 price target on shares of Applied Materials in a research report on Monday, November 13th. Three investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $59.35.

Shares of Applied Materials, Inc. (AMAT) traded down $1.35 during trading on Friday, hitting $56.49. The company’s stock had a trading volume of 27,143,170 shares, compared to its average volume of 9,296,178. Applied Materials, Inc. has a 12 month low of $29.85 and a 12 month high of $60.89. The company has a market capitalization of $60,245.86, a P/E ratio of 17.38, a P/E/G ratio of 0.91 and a beta of 1.85. The company has a quick ratio of 2.25, a current ratio of 2.91 and a debt-to-equity ratio of 0.61.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings results on Thursday, November 16th. The manufacturing equipment provider reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.02. Applied Materials had a return on equity of 42.96% and a net margin of 23.62%. The company had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.93 billion. During the same period in the prior year, the company earned $0.66 earnings per share. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. equities research analysts expect that Applied Materials, Inc. will post 3.86 EPS for the current fiscal year.

The firm also recently declared 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 of this dividend is Wednesday, November 22nd. This represents a $0.40 annualized dividend and a dividend yield of 0.71%. Applied Materials’s dividend payout ratio (DPR) is currently 12.62%.

Applied Materials Company Profile

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

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