Harwood Advisory Group LLC purchased a new position in shares of Applied Materials, Inc. (NASDAQ:AMAT) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 4,119 shares of the manufacturing equipment provider’s stock, valued at approximately $215,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of AMAT. Mathes Company Inc. purchased a new position in shares of Applied Materials in the 3rd quarter valued at approximately $1,613,000. Commonwealth Bank of Australia lifted its stake in shares of Applied Materials by 2.7% in the 2nd quarter. Commonwealth Bank of Australia now owns 87,942 shares of the manufacturing equipment provider’s stock valued at $3,632,000 after purchasing an additional 2,279 shares during the period. OMERS ADMINISTRATION Corp purchased a new position in shares of Applied Materials in the 2nd quarter valued at approximately $2,082,000. Bridgewater Associates LP purchased a new position in shares of Applied Materials in the 2nd quarter valued at approximately $8,834,000. Finally, Paragon Capital Management Ltd purchased a new position in shares of Applied Materials in the 3rd quarter valued at approximately $267,000. Institutional investors and hedge funds own 78.79% of the company’s stock.

In related news, VP Thomas F. Larkins sold 30,000 shares of Applied Materials stock in a transaction on 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.31% of the company’s stock.

A number of research analysts have recently commented on AMAT shares. Royal Bank Of Canada restated a “buy” rating on shares of Applied Materials in a research note on Friday, October 27th. Bank of America Corporation raised their target price on Applied Materials from $65.00 to $76.00 and gave the company a “buy” rating in a research note on Wednesday, November 15th. Credit Suisse Group restated a “buy” rating on shares of Applied Materials in a research note on Tuesday, August 29th. Deutsche Bank AG reaffirmed a “buy” rating and set a $58.00 price objective on shares of Applied Materials in a research report on Thursday, October 12th. Finally, Vetr raised Applied Materials from a “hold” rating to a “buy” rating and set a $48.70 price objective for the company in a research report on Monday, July 31st. Three analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. Applied Materials presently has a consensus rating of “Buy” and a consensus price target of $60.83.

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Shares of Applied Materials, Inc. (NASDAQ AMAT) opened at $57.68 on Friday. 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 fifty-two week low of $29.85 and a fifty-two week high of $60.89. The company has a market capitalization of $61,514.97, a price-to-earnings ratio of 17.75, a P/E/G ratio of 1.11 and a beta of 1.85.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings data on Thursday, November 16th. The manufacturing equipment provider reported $0.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analyst estimates of $3.93 billion. During the same quarter in the previous year, the company posted $0.66 earnings per share. Applied Materials’s revenue was up 20.4% compared to the same quarter last year. analysts forecast that Applied Materials, Inc. will post 3.93 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Friday, November 24th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Wednesday, November 22nd. Applied Materials’s payout ratio 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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