Private Advisor Group LLC lifted its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 19.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,194 shares of the manufacturing equipment provider’s stock after acquiring an additional 6,072 shares during the quarter. Private Advisor Group LLC’s holdings in Applied Materials were worth $1,957,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently bought and sold shares of the company. LeJeune Puetz Investment Counsel LLC acquired a new position in shares of Applied Materials during the third quarter worth $105,000. MPS Loria Financial Planners LLC acquired a new position in shares of Applied Materials during the second quarter worth $109,000. Wunderlich Capital Managemnt grew its stake in shares of Applied Materials by 2.9% during the second quarter. Wunderlich Capital Managemnt now owns 3,037 shares of the manufacturing equipment provider’s stock worth $125,000 after purchasing an additional 87 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Applied Materials by 145.4% during the second quarter. Bessemer Group Inc. now owns 3,067 shares of the manufacturing equipment provider’s stock worth $126,000 after purchasing an additional 1,817 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Applied Materials during the second quarter worth $134,000. 78.58% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Stephen R. Forrest sold 5,000 shares of the stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $58.00, for a total transaction of $290,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Thomas F. Larkins sold 30,000 shares of the stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $51.24, for a total transaction of $1,537,200.00. The disclosure for this sale can be found here. Corporate insiders own 0.31% of the company’s stock.
Applied Materials, Inc. (NASDAQ AMAT) opened at $51.01 on Thursday. The stock has a market cap of $53,079.05, a PE ratio of 15.31, a P/E/G ratio of 0.95 and a beta of 1.80. Applied Materials, Inc. has a 1-year low of $31.29 and a 1-year high of $60.89. 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 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 23.62% and a return on equity of 41.51%. 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. analysts predict that Applied Materials, Inc. will post 3.96 EPS for the current fiscal year.
A number of equities analysts recently commented on AMAT shares. Royal Bank Of Canada reiterated a “buy” rating on shares of Applied Materials in a research note on Friday, October 27th. Bank of America boosted their target price on shares of Applied Materials from $65.00 to $76.00 and gave the stock a “buy” rating in a research note on Wednesday, November 15th. Credit Suisse Group boosted their target price on shares of Applied Materials from $62.00 to $72.00 and gave the stock an “outperform” rating in a research note on Friday, November 17th. B. Riley reiterated a “buy” rating and set a $63.00 target price on shares of Applied Materials in a research note on Monday, November 13th. Finally, J P Morgan Chase & Co boosted 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. Two analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. Applied Materials has an average rating of “Buy” and an average price target of $61.15.
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Applied Materials Profile
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