Applied Materials, Inc. (NASDAQ:AMAT) Shares Sold by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt trimmed its position in shares of Applied Materials, Inc. (NASDAQ:AMATGet Rating) by 6.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 65,614 shares of the manufacturing equipment provider’s stock after selling 4,400 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Applied Materials were worth $10,322,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. KRS Capital Management LLC acquired a new position in Applied Materials during the 4th quarter valued at about $47,000. Taika Capital LP bought a new stake in shares of Applied Materials during the 4th quarter worth about $6,170,000. True North Advisors LLC bought a new stake in shares of Applied Materials during the 4th quarter worth about $245,000. Hoylecohen LLC raised its position in shares of Applied Materials by 5.9% during the 4th quarter. Hoylecohen LLC now owns 70,186 shares of the manufacturing equipment provider’s stock worth $11,044,000 after buying an additional 3,892 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Applied Materials by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 17,016,315 shares of the manufacturing equipment provider’s stock worth $2,671,813,000 after buying an additional 62,513 shares in the last quarter. 77.90% of the stock is owned by hedge funds and other institutional investors.

AMAT stock traded down $4.28 during trading hours on Friday, hitting $106.46. The company’s stock had a trading volume of 16,281,763 shares, compared to its average volume of 8,089,594. The company has a quick ratio of 1.78, a current ratio of 2.51 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $94.05 billion, a PE ratio of 14.19, a price-to-earnings-growth ratio of 1.37 and a beta of 1.44. Applied Materials, Inc. has a 12 month low of $101.33 and a 12 month high of $167.06. The stock has a 50 day moving average price of $119.87 and a two-hundred day moving average price of $136.25.

Applied Materials (NASDAQ:AMATGet Rating) last posted its earnings results on Thursday, May 19th. The manufacturing equipment provider reported $1.85 EPS for the quarter, missing the consensus estimate of $1.90 by ($0.05). The business had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.35 billion. Applied Materials had a return on equity of 56.59% and a net margin of 27.20%. The business’s revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.63 earnings per share. Sell-side analysts expect that Applied Materials, Inc. will post 8.02 earnings per share for the current year.

Applied Materials announced that its Board of Directors has authorized a share buyback program on Friday, March 11th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the manufacturing equipment provider to repurchase up to 5.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 16th. Stockholders of record on Thursday, May 26th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.98%. This is a boost from Applied Materials’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Wednesday, May 25th. Applied Materials’s payout ratio is presently 12.80%.

A number of analysts have commented on the stock. JPMorgan Chase & Co. dropped their price target on shares of Applied Materials from $174.00 to $158.00 in a research report on Friday. Cowen dropped their price target on shares of Applied Materials from $190.00 to $160.00 and set an “outperform” rating on the stock in a research report on Friday. Mizuho dropped their target price on shares of Applied Materials from $180.00 to $160.00 and set a “buy” rating on the stock in a report on Friday. Susquehanna reiterated a “hold” rating and issued a $160.00 target price on shares of Applied Materials in a report on Monday, February 14th. Finally, B. Riley dropped their target price on shares of Applied Materials from $145.00 to $140.00 and set a “buy” rating on the stock in a report on Monday, May 16th. Eight equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $156.62.

Applied Materials Profile (Get Rating)

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.

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

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