Applied Materials, Inc. (NASDAQ:AMAT) Shares Sold by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH reduced its holdings in Applied Materials, Inc. (NASDAQ:AMATGet Rating) by 0.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,402 shares of the manufacturing equipment provider’s stock after selling 263 shares during the quarter. Siemens Fonds Invest GmbH’s holdings in Applied Materials were worth $5,589,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Capital Investment Advisors LLC lifted its position in shares of Applied Materials by 1.3% during the 1st quarter. Capital Investment Advisors LLC now owns 7,055 shares of the manufacturing equipment provider’s stock valued at $930,000 after acquiring an additional 92 shares during the last quarter. Welch & Forbes LLC raised its stake in Applied Materials by 1.7% during the 1st quarter. Welch & Forbes LLC now owns 5,618 shares of the manufacturing equipment provider’s stock valued at $741,000 after purchasing an additional 92 shares during the period. Syverson Strege & Co raised its stake in Applied Materials by 32.1% during the 1st quarter. Syverson Strege & Co now owns 387 shares of the manufacturing equipment provider’s stock valued at $51,000 after purchasing an additional 94 shares during the period. Grove Bank & Trust raised its stake in Applied Materials by 1.9% during the 1st quarter. Grove Bank & Trust now owns 5,204 shares of the manufacturing equipment provider’s stock valued at $686,000 after purchasing an additional 96 shares during the period. Finally, Mader & Shannon Wealth Management Inc. raised its stake in Applied Materials by 0.5% during the 1st quarter. Mader & Shannon Wealth Management Inc. now owns 18,122 shares of the manufacturing equipment provider’s stock valued at $2,388,000 after purchasing an additional 96 shares during the period. 74.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on AMAT. DA Davidson cut their target price on shares of Applied Materials from $170.00 to $155.00 and set a “buy” rating on the stock in a research note on Friday, August 19th. Sanford C. Bernstein boosted their target price on shares of Applied Materials to $140.00 in a research note on Monday, August 22nd. B. Riley cut their target price on shares of Applied Materials from $145.00 to $140.00 and set a “buy” rating on the stock in a research note on Monday, May 16th. Stifel Nicolaus cut their target price on shares of Applied Materials from $197.00 to $184.00 in a research note on Friday, August 19th. Finally, Wells Fargo & Company upped their price target on shares of Applied Materials from $120.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, August 19th. Eight research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $142.38.

Applied Materials Stock Up 2.9 %

NASDAQ AMAT opened at $96.51 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.45 and a current ratio of 2.26. The firm has a 50-day simple moving average of $99.07 and a 200 day simple moving average of $110.10. Applied Materials, Inc. has a twelve month low of $82.67 and a twelve month high of $167.06. The stock has a market cap of $83.03 billion, a PE ratio of 12.90, a PEG ratio of 1.62 and a beta of 1.53.

Applied Materials (NASDAQ:AMATGet Rating) last released its earnings results on Thursday, August 18th. The manufacturing equipment provider reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.15. Applied Materials had a net margin of 26.42% and a return on equity of 56.68%. The business had revenue of $6.52 billion during the quarter, compared to analysts’ expectations of $6.27 billion. During the same quarter last year, the company earned $1.90 earnings per share. The firm’s revenue was up 5.2% on a year-over-year basis. On average, research analysts forecast that Applied Materials, Inc. will post 7.68 EPS for the current year.

Applied Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Friday, November 25th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.08%. Applied Materials’s dividend payout ratio is 13.90%.

Insiders Place Their Bets

In other Applied Materials news, SVP Teri A. Little sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, July 6th. The shares were sold at an average price of $86.30, for a total transaction of $1,294,500.00. Following the completion of the transaction, the senior vice president now owns 93,169 shares in the company, valued at $8,040,484.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.37% of the company’s stock.

About Applied Materials

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Applied Materials, Inc provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits.

See Also

Institutional Ownership by Quarter for Applied Materials (NASDAQ:AMAT)

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