Menora Mivtachim Holdings LTD. bought a new position in shares of Applied Materials, Inc. (NASDAQ:AMAT) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 377,450 shares of the manufacturing equipment provider’s stock, valued at approximately $19,661,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Commonwealth Bank of Australia raised its position in shares of Applied Materials by 2.7% during the second quarter. Commonwealth Bank of Australia now owns 87,942 shares of the manufacturing equipment provider’s stock worth $3,632,000 after acquiring an additional 2,279 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new stake in shares of Applied Materials during the second quarter worth $2,082,000. Mathes Company Inc. bought a new stake in shares of Applied Materials during the third quarter worth $1,613,000. Bridgewater Associates LP bought a new stake in shares of Applied Materials during the second quarter worth $8,834,000. Finally, MARSHALL WACE ASIA Ltd bought a new stake in shares of Applied Materials during the first quarter worth $113,715,000. Institutional investors own 79.51% of the company’s stock.
AMAT has been the subject of a number of recent research reports. Vetr downgraded Applied Materials from a “strong-buy” rating to a “buy” rating and set a $46.48 target price for the company. in a research report on Wednesday, July 5th. Stifel Nicolaus restated a “buy” rating and set a $55.00 target price on shares of Applied Materials in a research report on Thursday, July 6th. Morgan Stanley restated an “overweight” rating and set a $52.00 target price (up previously from $47.00) on shares of Applied Materials in a research report on Monday, July 10th. DA Davidson restated a “buy” rating and set a $55.00 target price on shares of Applied Materials in a research report on Monday, July 10th. Finally, B. Riley restated a “buy” rating and set a $56.00 target price on shares of Applied Materials in a research report on Tuesday, July 11th. Three analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. Applied Materials presently has a consensus rating of “Buy” and an average price target of $56.64.
Applied Materials, Inc. (NASDAQ AMAT) traded down 0.50% on Wednesday, hitting $56.15. The stock had a trading volume of 4,812,558 shares. The company has a 50-day moving average price of $51.76 and a 200-day moving average price of $45.86. The stock has a market capitalization of $59.88 billion, a price-to-earnings ratio of 19.96 and a beta of 1.86. Applied Materials, Inc. has a 52 week low of $28.02 and a 52 week high of $57.34.
Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, August 17th. The manufacturing equipment provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.02. Applied Materials had a return on equity of 40.74% and a net margin of 22.08%. The business had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same period in the previous year, the company posted $0.50 EPS. The firm’s revenue was up 32.7% compared to the same quarter last year. Equities research analysts anticipate that Applied Materials, Inc. will post $3.21 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Friday, November 24th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Wednesday, November 22nd. Applied Materials’s payout ratio is 14.18%.
In related news, VP Thomas F. Larkins sold 30,000 shares of the business’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alexander Karsner sold 22,762 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $44.03, for a total value of $1,002,210.86. The disclosure for this sale can be found here. Insiders own 0.31% of the company’s stock.
About Applied Materials
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