Tredje AP fonden lessened its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 1.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 189,694 shares of the manufacturing equipment provider’s stock after selling 3,740 shares during the period. Tredje AP fonden’s holdings in Applied Materials were worth $9,881,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. CENTRAL TRUST Co increased its stake in Applied Materials by 13.2% in the second quarter. CENTRAL TRUST Co now owns 13,064 shares of the manufacturing equipment provider’s stock valued at $540,000 after acquiring an additional 1,520 shares during the last quarter. D. Scott Neal Inc. acquired a new position in Applied Materials in the second quarter valued at $146,000. Winslow Evans & Crocker Inc. raised its holdings in shares of Applied Materials by 19.9% during the second quarter. Winslow Evans & Crocker Inc. now owns 41,900 shares of the manufacturing equipment provider’s stock valued at $1,722,000 after purchasing an additional 6,950 shares during the period. Legacy Private Trust Co. acquired a new position in shares of Applied Materials during the second quarter valued at about $2,152,000. Finally, Westwood Management Corp IL grew its position in Applied Materials by 22.2% in the 2nd quarter. Westwood Management Corp IL now owns 55,000 shares of the manufacturing equipment provider’s stock worth $2,272,000 after purchasing an additional 10,000 shares in the last quarter. Institutional investors and hedge funds own 78.60% of the company’s stock.

AMAT has been the topic of a number of recent research reports. Credit Suisse Group restated a “buy” rating on shares of Applied Materials in a research note on Tuesday, August 29th. Goldman Sachs Group upgraded shares of 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 note on Wednesday, September 13th. Morgan Stanley restated an “overweight” rating on shares of Applied Materials in a research note on Thursday, September 14th. Bank of America upped their price target on shares of Applied Materials from $65.00 to $76.00 and gave the company a “buy” rating in a research note on Wednesday, November 15th. Finally, B. Riley restated a “buy” rating and set a $63.00 price target on shares of Applied Materials in a research note on Monday, November 13th. One equities research analyst has rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $60.99.

Applied Materials, Inc. (NASDAQ:AMAT) opened at $52.77 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. The company has a market cap of $56,490.00, a PE ratio of 17.64, a PEG 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.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings results on Thursday, November 16th. The manufacturing equipment provider reported $0.93 EPS for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.02. Applied Materials had a net margin of 23.62% and a return on equity of 41.51%. The firm had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $3.93 billion. During the same period in the prior year, the business posted $0.66 earnings per share. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. research analysts predict that Applied Materials, Inc. will post 3.96 EPS for the current year.

The firm 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 dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.76%. The ex-dividend date is Wednesday, November 22nd. Applied Materials’s payout ratio is 12.62%.

In related news, Director Stephen R. Forrest sold 5,000 shares of the stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $58.00, for a total value of $290,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Thomas F. Larkins sold 30,000 shares of the stock in a transaction that occurred on Thursday, October 5th. The shares were 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. 0.31% of the stock is owned by corporate insiders.

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About Applied Materials

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

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