New York State Common Retirement Fund decreased its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 6.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,394,048 shares of the manufacturing equipment provider’s stock after selling 232,642 shares during the quarter. New York State Common Retirement Fund owned approximately 0.32% of Applied Materials worth $176,796,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. First Eagle Investment Management LLC acquired a new position in Applied Materials during the third quarter worth $97,804,000. Jarislowsky Fraser Ltd increased its holdings in Applied Materials by 19.3% during the third quarter. Jarislowsky Fraser Ltd now owns 19,090 shares of the manufacturing equipment provider’s stock worth $994,000 after buying an additional 3,090 shares during the last quarter. HM Payson & Co. increased its holdings in Applied Materials by 645.0% during the third quarter. HM Payson & Co. now owns 131,334 shares of the manufacturing equipment provider’s stock worth $6,841,000 after buying an additional 113,705 shares during the last quarter. HL Financial Services LLC increased its holdings in Applied Materials by 425.6% during the third quarter. HL Financial Services LLC now owns 95,091 shares of the manufacturing equipment provider’s stock worth $4,953,000 after buying an additional 76,999 shares during the last quarter. Finally, Courier Capital LLC acquired a new position in Applied Materials during the third quarter worth $221,000. Institutional investors own 78.60% of the company’s stock.

Several equities analysts have commented on the stock. Zacks Investment Research downgraded shares of 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 target price on shares of Applied Materials in a research report on Monday, August 14th. B. Riley reissued a “buy” rating and issued a $61.00 target price on shares of Applied Materials in a research report on Saturday, August 19th. Vetr raised shares of Applied Materials from a “hold” rating to a “buy” rating and set a $60.07 target price for the company in a research report on Monday, November 20th. Finally, J P Morgan Chase & Co upped their price objective on shares of Applied Materials to $70.00 and gave the stock an “overweight” rating in a research report on Friday, November 17th. One research analyst has rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. Applied Materials currently has a consensus rating of “Buy” and an average price target of $60.99.

In other news, Director Stephen R. Forrest sold 5,000 shares of the 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Thomas F. Larkins sold 30,000 shares of the firm’s 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 disclosure for this sale can be found here. Corporate insiders own 0.31% of the company’s stock.

Shares of Applied Materials, Inc. (NASDAQ AMAT) opened at $52.77 on Friday. The stock has a market capitalization of $56,490.00, a PE ratio of 17.64, a P/E/G ratio of 1.09 and a beta of 1.85. Applied Materials, Inc. has a 1 year low of $29.85 and a 1 year high of $60.89. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.43 and a current ratio of 3.14.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results on Thursday, November 16th. The manufacturing equipment provider reported $0.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.02. The business had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.93 billion. Applied Materials had a net margin of 23.62% and a return on equity of 41.51%. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.66 EPS. analysts forecast that Applied Materials, Inc. will post 3.96 EPS for the current fiscal 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 given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Wednesday, November 22nd. Applied Materials’s dividend payout ratio is presently 12.62%.

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Applied Materials Company Profile

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

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