Stephen R. Forrest Sells 4,000 Shares of Applied Materials, Inc. (AMAT) Stock

Applied Materials, Inc. (NASDAQ:AMAT) Director Stephen R. Forrest sold 4,000 shares of the company’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $53.67, for a total transaction of $214,680.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Stephen R. Forrest also recently made the following trade(s):

  • On Friday, November 24th, Stephen R. Forrest sold 5,000 shares of Applied Materials stock. The stock was sold at an average price of $58.00, for a total transaction of $290,000.00.

Shares of Applied Materials, Inc. (NASDAQ AMAT) traded up $0.31 on Thursday, hitting $54.29. 9,414,400 shares of the stock traded hands, compared to its average volume of 11,790,000. Applied Materials, Inc. has a 1-year low of $31.86 and a 1-year high of $60.89. The stock has a market capitalization of $57,350.00, a P/E ratio of 17.13, a P/E/G ratio of 1.04 and a beta of 1.81. The company has a current ratio of 3.14, a quick ratio of 2.43 and a debt-to-equity ratio of 0.57.

Applied Materials (NASDAQ:AMAT) last announced its earnings results on Thursday, November 16th. The manufacturing equipment provider reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.93 billion. During the same quarter in the prior year, the firm posted $0.66 earnings per share. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. sell-side analysts forecast that Applied Materials, Inc. will post 4.04 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Wednesday, February 21st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Tuesday, February 20th. Applied Materials’s dividend payout ratio is currently 12.62%.

Several research firms have commented on AMAT. Royal Bank of Canada reiterated a “buy” rating on shares of Applied Materials in a research report on Friday, October 27th. Bank of America increased their price objective 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. Zacks Investment Research upgraded shares of Applied Materials from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a research report on Tuesday, November 28th. Wells Fargo & Co began coverage on shares of Applied Materials in a research report on Tuesday, December 5th. They set an “outperform” rating and a $65.00 price objective for the company. Finally, BidaskClub lowered shares of Applied Materials from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. One analyst has rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Applied Materials presently has an average rating of “Buy” and a consensus target price of $60.95.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Summit Financial Wealth Advisors LLC increased its stake in Applied Materials by 0.3% in the 2nd quarter. Summit Financial Wealth Advisors LLC now owns 6,269 shares of the manufacturing equipment provider’s stock worth $259,000 after buying an additional 19 shares during the period. Affinity Wealth Management increased its stake in Applied Materials by 0.8% in the 2nd quarter. Affinity Wealth Management now owns 6,387 shares of the manufacturing equipment provider’s stock worth $264,000 after buying an additional 48 shares during the period. Wunderlich Capital Managemnt increased its stake in Applied Materials by 2.9% in the 2nd quarter. Wunderlich Capital Managemnt now owns 3,037 shares of the manufacturing equipment provider’s stock worth $125,000 after buying an additional 87 shares during the period. Albion Financial Group UT increased its stake in Applied Materials by 0.8% in the 2nd quarter. Albion Financial Group UT now owns 16,534 shares of the manufacturing equipment provider’s stock worth $683,000 after buying an additional 133 shares during the period. Finally, San Francisco Sentry Investment Group CA increased its stake in Applied Materials by 1.5% in the 2nd quarter. San Francisco Sentry Investment Group CA now owns 11,859 shares of the manufacturing equipment provider’s stock worth $490,000 after buying an additional 173 shares during the period. 79.76% of the stock is currently owned by institutional investors and hedge funds.

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