Applied Materials, Inc. (NASDAQ:AMAT) was the recipient of a significant increase in short interest in November. As of November 30th, there was short interest totalling 12,891,342 shares, an increase of 17.7% from the November 15th total of 10,948,558 shares. Currently, 1.2% of the company’s stock are short sold. Based on an average daily volume of 13,642,957 shares, the short-interest ratio is presently 0.9 days.

Shares of Applied Materials (NASDAQ AMAT) opened at $50.47 on Wednesday. Applied Materials has a 1-year low of $31.66 and a 1-year high of $60.89. 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 $54,849.42, a PE ratio of 15.82, a PEG ratio of 0.98 and a beta of 1.80.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings results on Thursday, November 16th. The manufacturing equipment provider reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.02. The firm had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $3.93 billion. Applied Materials had a net margin of 24.74% and a return on equity of 43.61%. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.66 earnings per share. sell-side analysts anticipate that Applied Materials will post 3.96 EPS for the current fiscal year.

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company assumed coverage on shares of Applied Materials in a research report on Tuesday, December 5th. They issued an “outperform” rating and a $65.00 price target for the company. Credit Suisse Group reissued a “buy” rating on shares of Applied Materials in a research report on Tuesday, August 29th. Goldman Sachs Group raised shares of Applied Materials from a “neutral” rating to a “buy” rating and boosted their price target for the company from $49.00 to $52.00 in a research report on Wednesday, September 13th. Morgan Stanley reissued an “overweight” rating on shares of Applied Materials in a research report on Thursday, September 14th. Finally, Bank of America boosted their price target on shares of Applied Materials from $65.00 to $76.00 and gave the company a “buy” rating in a research report on Wednesday, November 15th. Three investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $61.15.

In related news, VP Thomas F. Larkins sold 30,000 shares of the business’s stock in a transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen R. Forrest sold 5,000 shares of the business’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $58.00, for a total transaction of $290,000.00. The disclosure for this sale can be found here. Insiders own 0.31% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of AMAT. Janus Henderson Group PLC raised its holdings in 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 in the last quarter. Egerton Capital UK LLP grew its position in 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 buying an additional 3,184,994 shares during the period. Capital Research Global Investors grew its position in 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 buying an additional 2,284,836 shares during the period. Parametric Portfolio Associates LLC grew its position in 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 buying an additional 1,922,233 shares during the period. Finally, First Eagle Investment Management LLC acquired a new position in Applied Materials during the third quarter worth about $97,804,000. 79.15% of the stock is owned by hedge funds and other institutional investors.

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Applied Materials Company Profile

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