Applied Materials, Inc. (NASDAQ:AMAT – Get Free Report) CFO Brice Hill sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $150.04, for a total value of $150,040.00. Following the transaction, the chief financial officer now owns 106,023 shares of the company’s stock, valued at approximately $15,907,690.92. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Applied Materials Price Performance
Shares of NASDAQ:AMAT opened at $153.99 on Friday. The company has a market capitalization of $129.28 billion, a PE ratio of 20.32, a price-to-earnings-growth ratio of 3.06 and a beta of 1.60. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.59 and a current ratio of 2.30. The stock has a fifty day moving average of $144.19 and a 200-day moving average of $129.55. Applied Materials, Inc. has a one year low of $71.12 and a one year high of $154.54.
Applied Materials (NASDAQ:AMAT – Get Free Report) last announced its earnings results on Thursday, August 17th. The manufacturing equipment provider reported $1.90 EPS for the quarter, beating the consensus estimate of $1.74 by $0.16. The business had revenue of $6.43 billion during the quarter, compared to the consensus estimate of $6.15 billion. Applied Materials had a return on equity of 49.29% and a net margin of 24.27%. Applied Materials’s revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.94 earnings per share. As a group, equities analysts anticipate that Applied Materials, Inc. will post 7.79 EPS for the current fiscal year.
Applied Materials Announces Dividend
Institutional Investors Weigh In On Applied Materials
Hedge funds have recently made changes to their positions in the company. Signaturefd LLC raised its stake in Applied Materials by 0.5% during the 2nd quarter. Signaturefd LLC now owns 14,154 shares of the manufacturing equipment provider’s stock valued at $2,046,000 after purchasing an additional 77 shares during the period. Soltis Investment Advisors LLC grew its holdings in shares of Applied Materials by 2.3% during the second quarter. Soltis Investment Advisors LLC now owns 3,458 shares of the manufacturing equipment provider’s stock valued at $500,000 after buying an additional 78 shares in the last quarter. Relyea Zuckerberg Hanson LLC raised its position in Applied Materials by 1.3% during the second quarter. Relyea Zuckerberg Hanson LLC now owns 6,377 shares of the manufacturing equipment provider’s stock valued at $922,000 after buying an additional 79 shares during the period. Thoroughbred Financial Services LLC lifted its stake in Applied Materials by 0.3% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 25,300 shares of the manufacturing equipment provider’s stock worth $3,657,000 after acquiring an additional 79 shares in the last quarter. Finally, Alpha Cubed Investments LLC boosted its position in Applied Materials by 1.2% during the 2nd quarter. Alpha Cubed Investments LLC now owns 6,672 shares of the manufacturing equipment provider’s stock worth $964,000 after acquiring an additional 80 shares during the period. Hedge funds and other institutional investors own 77.24% of the company’s stock.
Analyst Ratings Changes
AMAT has been the topic of a number of recent research reports. Redburn Partners started coverage on Applied Materials in a research note on Tuesday, June 13th. They issued a “neutral” rating on the stock. Stifel Nicolaus lifted their price objective on shares of Applied Materials from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, August 18th. Craig Hallum upped their target price on shares of Applied Materials from $139.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, August 18th. Citigroup lifted their price target on Applied Materials from $160.00 to $170.00 and gave the company a “buy” rating in a report on Friday, July 14th. Finally, Morgan Stanley increased their price objective on Applied Materials from $125.00 to $139.00 and gave the stock an “equal weight” rating in a report on Friday, August 18th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Applied Materials presently has a consensus rating of “Moderate Buy” and a consensus price target of $149.08.
View Our Latest Report on AMAT
About Applied Materials
Applied Materials, Inc engages in the provision of 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.
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