California State Teachers Retirement System lessened its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 8.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,822,369 shares of the manufacturing equipment provider’s stock after selling 167,675 shares during the quarter. California State Teachers Retirement System owned approximately 0.17% of Applied Materials worth $94,927,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of AMAT. Janus Henderson Group PLC lifted its holdings in shares of Applied Materials by 390.4% during the second quarter. Janus Henderson Group PLC now owns 11,446,282 shares of the manufacturing equipment provider’s stock worth $472,835,000 after purchasing an additional 9,112,328 shares during the period. Egerton Capital UK LLP lifted its holdings in shares of Applied Materials by 23.2% during the third quarter. Egerton Capital UK LLP now owns 16,919,928 shares of the manufacturing equipment provider’s stock worth $881,359,000 after purchasing an additional 3,184,994 shares during the period. Capital Research Global Investors lifted its holdings in shares of Applied Materials by 14.8% during the second quarter. Capital Research Global Investors now owns 17,724,836 shares of the manufacturing equipment provider’s stock worth $732,213,000 after purchasing an additional 2,284,836 shares during the period. Parametric Portfolio Associates LLC lifted its holdings in shares of Applied Materials by 108.7% during the second quarter. Parametric Portfolio Associates LLC now owns 3,690,615 shares of the manufacturing equipment provider’s stock worth $152,459,000 after purchasing an additional 1,922,233 shares during the period. Finally, First Eagle Investment Management LLC acquired a new position in shares of Applied Materials during the third quarter worth $97,804,000. 79.15% of the stock is currently owned by hedge funds and other institutional investors.

In other Applied Materials news, Director Stephen R. Forrest sold 5,000 shares of the company’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Thomas F. Larkins sold 30,000 shares of the company’s stock in a transaction dated Thursday, October 5th. The stock was 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. Corporate insiders own 0.31% of the company’s stock.

Shares of Applied Materials, Inc. (AMAT) opened at $50.47 on Wednesday. The company has a current ratio of 3.14, a quick ratio of 2.43 and a debt-to-equity ratio of 0.57. The company has a market cap of $54,849.42, a PE ratio of 15.82, a PEG ratio of 0.98 and a beta of 1.80. Applied Materials, Inc. has a 52-week low of $31.66 and a 52-week high of $60.89.

Applied Materials (NASDAQ:AMAT) last posted its earnings results on Thursday, November 16th. The manufacturing equipment provider reported $0.93 EPS for the quarter, topping the consensus estimate of $0.91 by $0.02. Applied Materials had a net margin of 24.74% and a return on equity of 43.61%. 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 previous year, the firm posted $0.66 earnings per share. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. research analysts anticipate that Applied Materials, Inc. will post 3.96 EPS for the current year.

Several equities analysts recently issued reports on AMAT shares. Deutsche Bank boosted their target price on shares of Applied Materials from $48.00 to $52.00 and gave the company a “buy” rating in a report on Friday, August 18th. Stifel Nicolaus restated a “buy” rating and issued a $61.00 target price (up previously from $55.00) on shares of Applied Materials in a report on Friday, August 18th. B. Riley restated a “buy” rating and issued a $61.00 target price on shares of Applied Materials in a report on Thursday, August 24th. Craig Hallum boosted their target price on shares of Applied Materials to $60.00 and gave the company a “buy” rating in a report on Friday, August 18th. Finally, Nomura lifted their price target on shares of Applied Materials from $47.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, August 18th. Three analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. Applied Materials presently has an average rating of “Buy” and a consensus target price of $61.15.

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About Applied Materials

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

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