Applied Materials, Inc. (NASDAQ:AMAT) Director Stephen R. Forrest sold 5,000 shares of the firm’s stock in a transaction on 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 hyperlink.

Shares of Applied Materials, Inc. (NASDAQ AMAT) opened at $52.91 on Thursday. The company has a current ratio of 3.14, a quick ratio of 2.43 and a debt-to-equity ratio of 0.57. Applied Materials, Inc. has a twelve month low of $29.85 and a twelve month high of $60.89. The firm has a market capitalization of $61,141.70, a price-to-earnings ratio of 17.64, a P/E/G ratio of 1.09 and a beta of 1.85.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings data on Thursday, November 16th. The manufacturing equipment provider reported $0.93 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $3.93 billion. During the same quarter last year, the business posted $0.66 EPS. Applied Materials’s revenue for the quarter was up 20.4% on a year-over-year basis. research analysts forecast that Applied Materials, Inc. will post 3.96 earnings per share for the current 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 dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Wednesday, November 22nd. Applied Materials’s dividend payout ratio (DPR) is 12.62%.

AMAT has been the topic of several recent analyst reports. B. Riley reiterated a “buy” rating and issued a $61.00 price target on shares of Applied Materials in a research note on Saturday, August 19th. Vetr upgraded Applied Materials from a “hold” rating to a “buy” rating and set a $61.64 price target on the stock in a research note on Monday. Instinet reiterated a “buy” rating and issued a $55.00 price target (up previously from $50.00) on shares of Applied Materials in a research note on Saturday, September 30th. Craig Hallum reiterated a “buy” rating and issued a $76.00 price target (up previously from $60.00) on shares of Applied Materials in a research note on Thursday, September 28th. Finally, Stifel Nicolaus reiterated a “buy” rating on shares of Applied Materials in a research note on Sunday, October 1st. One equities research analyst has rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $60.99.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Summit Financial Wealth Advisors LLC lifted its holdings in Applied Materials by 0.3% during the 2nd quarter. Summit Financial Wealth Advisors LLC now owns 6,269 shares of the manufacturing equipment provider’s stock worth $259,000 after buying an additional 19 shares during the period. Adirondack Trust Co. lifted its holdings in Applied Materials by 1.1% during the 2nd quarter. Adirondack Trust Co. now owns 3,650 shares of the manufacturing equipment provider’s stock worth $151,000 after buying an additional 40 shares during the period. Affinity Wealth Management lifted its holdings in Applied Materials by 0.8% during the 2nd quarter. Affinity Wealth Management now owns 6,387 shares of the manufacturing equipment provider’s stock worth $264,000 after buying an additional 48 shares during the period. Wunderlich Capital Managemnt lifted its holdings in Applied Materials by 2.9% during the 2nd quarter. Wunderlich Capital Managemnt now owns 3,037 shares of the manufacturing equipment provider’s stock worth $125,000 after buying an additional 87 shares during the period. Finally, Honkamp Krueger Financial Services Inc. lifted its holdings in Applied Materials by 0.5% during the 2nd quarter. Honkamp Krueger Financial Services Inc. now owns 20,921 shares of the manufacturing equipment provider’s stock worth $864,000 after buying an additional 97 shares during the period. 78.60% of the stock is currently owned by institutional investors.

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