Anson Funds Management LP lessened its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 33.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,700 shares of the manufacturing equipment provider’s stock after selling 13,700 shares during the period. Applied Materials comprises 1.0% of Anson Funds Management LP’s investment portfolio, making the stock its 18th biggest holding. Anson Funds Management LP’s holdings in Applied Materials were worth $1,416,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Financial Gravity Companies Inc. acquired a new stake in shares of Applied Materials in the 4th quarter worth about $110,000. Risk Paradigm Group LLC acquired a new stake in shares of Applied Materials in the 4th quarter worth about $110,000. Cerebellum GP LLC acquired a new stake in shares of Applied Materials in the 4th quarter worth about $122,000. Zions Bancorporation raised its holdings in shares of 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 acquiring an additional 2,049 shares during the last quarter. Finally, Mckinley Capital Management LLC Delaware purchased a new stake in Applied Materials in the 4th quarter valued at about $169,000. Institutional investors own 79.30% of the company’s stock.
Several equities research analysts have commented on the stock. BidaskClub upgraded shares of Applied Materials from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Credit Suisse Group reiterated an “outperform” rating and issued a $75.00 price objective (up previously from $74.00) on shares of Applied Materials in a research note on Monday, February 26th. Vetr lowered shares of Applied Materials from a “strong-buy” rating to a “buy” rating and set a $62.52 price objective for the company. in a research note 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 objective for the company in a research note on Monday, February 19th. Finally, Deutsche Bank increased their price objective on shares of Applied Materials from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Twenty-six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $64.10.
Shares of Applied Materials, Inc. (AMAT) opened at $59.69 on Wednesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.25 and a current ratio of 2.96. Applied Materials, Inc. has a one year low of $37.41 and a one year high of $62.40. The stock has a market cap of $62,720.00, a P/E ratio of 16.63, a PEG ratio of 1.17 and a beta of 1.58.
Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results on Wednesday, February 14th. The manufacturing equipment provider reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $4.20 billion during the quarter, compared to analyst estimates of $4.10 billion. During the same quarter last year, the business posted $0.67 EPS. research analysts expect that Applied Materials, Inc. will post 4.39 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 14th. Stockholders of record on Thursday, May 24th will be paid a dividend of $0.20 per share. The ex-dividend date is Wednesday, May 23rd. This represents a $0.80 annualized dividend and a dividend yield of 1.34%. This is a positive change from Applied Materials’s previous quarterly dividend of $0.10. Applied Materials’s dividend payout ratio (DPR) is presently 11.14%.
Applied Materials declared that its board has approved a stock buyback program on Wednesday, February 14th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the manufacturing equipment provider to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.
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Applied Materials 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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