Applied Materials, Inc. (NASDAQ:AMAT) Director Thomas J. Iannotti sold 15,000 shares of the stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $61.47, for a total transaction of $922,050.00. Following the sale, the director now directly owns 76,967 shares in the company, valued at $4,731,161.49. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Applied Materials, Inc. (NASDAQ AMAT) traded down $0.64 during trading on Monday, reaching $60.97. 16,200,811 shares of the company were exchanged, compared to its average volume of 16,870,000. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.96 and a quick ratio of 2.25. Applied Materials, Inc. has a 1 year low of $37.41 and a 1 year high of $62.40. The stock has a market cap of $64,060.00, a price-to-earnings ratio of 16.98, a PEG ratio of 1.17 and a beta of 1.58.
Applied Materials (NASDAQ:AMAT) last released its earnings results on Wednesday, February 14th. The manufacturing equipment provider reported $1.06 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 for the quarter, compared to analyst estimates of $4.10 billion. During the same period last year, the company posted $0.67 EPS. equities analysts anticipate that Applied Materials, Inc. will post 4.39 EPS for the current fiscal year.
The firm also recently announced 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 represents a $0.80 dividend on an annualized basis and a yield of 1.31%. This is a positive change from Applied Materials’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Wednesday, May 23rd. Applied Materials’s dividend payout ratio (DPR) is 11.14%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Financial Gravity Companies Inc. purchased a new position in Applied Materials in the 4th quarter worth approximately $110,000. Risk Paradigm Group LLC purchased a new position in Applied Materials in the 4th quarter worth approximately $110,000. Cerebellum GP LLC purchased a new position in Applied Materials in the 4th quarter worth approximately $122,000. SevenBridge Financial Group LLC lifted its stake in Applied Materials by 957.8% in 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 in the last quarter. Finally, Zions Bancorporation lifted its stake in Applied Materials by 349.1% in 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 in the last quarter. 79.30% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have recently issued reports on the stock. Vetr raised shares of Applied Materials from a “hold” rating to a “buy” rating and set a $60.07 target price on the stock in a research note on Monday, November 20th. Zacks Investment Research lowered shares of Applied Materials from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. B. Riley reissued a “buy” rating and set a $63.00 target price on shares of Applied Materials in a research note on Monday, November 13th. JPMorgan Chase & Co. increased their target price on shares of Applied Materials to $70.00 and gave the stock an “overweight” rating in a research note on Friday, November 17th. Finally, BidaskClub raised shares of Applied Materials from a “hold” rating to a “buy” rating in a research note on Saturday, January 20th. Twenty-six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $64.10.
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Applied Materials Company Profile
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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