Applied Materials, Inc. (NASDAQ:AMAT) Director Thomas J. Iannotti sold 15,000 shares of the firm’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $61.47, for a total transaction of $922,050.00. Following the sale, the director now owns 76,967 shares in the company, valued at $4,731,161.49. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Applied Materials, Inc. (AMAT) opened at $60.97 on Tuesday. Applied Materials, Inc. has a 52 week low of $37.41 and a 52 week high of $62.40. The company has a market cap of $64,060.00, a price-to-earnings ratio of 16.98, a price-to-earnings-growth ratio of 1.17 and a beta of 1.58. The company has a quick ratio of 2.25, a current ratio of 2.96 and a debt-to-equity ratio of 0.62.
Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings data on Wednesday, February 14th. The manufacturing equipment provider reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.08. Applied Materials had a net margin of 18.53% and a return on equity of 45.17%. The business had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $4.10 billion. During the same period last year, the company posted $0.67 EPS. sell-side analysts anticipate that Applied Materials, Inc. will post 4.39 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 14th. Shareholders of record on Thursday, May 24th will be paid a $0.20 dividend. This is a boost from Applied Materials’s previous quarterly dividend of $0.10. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Wednesday, May 23rd. Applied Materials’s dividend payout ratio (DPR) is presently 11.14%.
Large investors have recently modified their holdings of the business. Financial Gravity Companies Inc. purchased a new position in shares of Applied Materials during the 4th quarter worth about $110,000. Risk Paradigm Group LLC purchased a new position in shares of Applied Materials during the 4th quarter worth about $110,000. Cerebellum GP LLC purchased a new position in shares of Applied Materials during the 4th quarter worth about $122,000. SevenBridge Financial Group LLC boosted its stake in shares of Applied Materials by 957.8% during the 4th quarter. SevenBridge Financial Group LLC now owns 2,380 shares of the manufacturing equipment provider’s stock worth $122,000 after purchasing an additional 2,155 shares during the period. Finally, Zions Bancorporation boosted its stake in shares of Applied Materials by 349.1% during the 3rd quarter. Zions Bancorporation now owns 2,636 shares of the manufacturing equipment provider’s stock worth $137,000 after purchasing an additional 2,049 shares during the period. 79.30% of the stock is owned by institutional investors and hedge funds.
Several analysts have recently commented on the stock. BidaskClub upgraded shares of Applied Materials from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Credit Suisse Group restated an “outperform” rating and set a $75.00 price objective (up from $74.00) on shares of Applied Materials in a research report on Monday, February 26th. Vetr downgraded shares of Applied Materials from a “strong-buy” rating to a “buy” rating and set a $62.52 price target on the stock. in a report on Tuesday, February 20th. Zacks Investment Research upgraded shares of Applied Materials from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Monday, February 19th. Finally, Deutsche Bank lifted their price target on shares of Applied Materials from $65.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Twenty-six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $64.10.
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About Applied Materials
Applied Materials, Inc provides manufacturing equipment, services and software to the global semiconductor, display and related industries. The Company’s segments are Semiconductor Systems, which includes semiconductor capital equipment for etch, rapid thermal processing, deposition, chemical mechanical planarization, metrology and inspection, wafer packaging, and ion implantation; Applied Global Services, which provides integrated solutions to optimize equipment and fab performance and productivity; Display and Adjacent Markets, which includes products for manufacturing liquid crystal displays, organic light-emitting diodes, upgrades and roll-to-roll Web coating systems and other display technologies for televisions, personal computers, smart phones and other consumer-oriented devices, and Corporate and Other segment, which includes revenues from products, as well as costs of products sold for fabricating solar photovoltaic cells and modules, and certain operating expenses.
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