The Applied Materials, Inc. (AMAT) Shares Bought by Grimes & Company Inc

Judith Bessette
Agosto 14, 2017

Investors sold shares of Applied Materials, Inc. (NASDAQ:AMAT) by 418.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,583 shares of the manufacturing equipment provider's stock after buying an additional 158 shares during the period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MCF Advisors LLC raised its position in shares of Applied Materials by 0.3% in the first quarter. FMR LLC now owns 32,013,147 shares of the manufacturing equipment provider's stock worth $1,245,311,000 after buying an additional 4,604,275 shares in the last quarter. Guardian Life Insurance Co. of America increased its stake in shares of Applied Materials by 0.7% in the first quarter. James Investment Research Inc. now owns 3,050 shares of the manufacturing equipment provider's stock worth $119,000 after buying an additional 1,450 shares during the period. State of Alaska Department of Revenue purchased a new position in Applied Materials during the first quarter worth about $114,000. Park National Corp OH now owns 13,839 shares of the manufacturing equipment provider's stock worth $538,000 after buying an additional 1,768 shares during the period. BlackRock Inc. increased its position in shares of Applied Materials by 2,063.7% in the first quarter. RMB Capital Management LLC now owns 6,280 shares of the manufacturing equipment provider's stock worth $244,000 after buying an additional 60 shares during the last quarter. Oxford Asset Management bought a new position in shares of Applied Materials during the first quarter valued at $4,956,000. Honkamp Krueger Financial Services Inc. now owns 20,921 shares of the manufacturing equipment provider's stock worth $864,000 after buying an additional 97 shares during the period. Hedge funds and other institutional investors own 80.24% of the company's stock.

WARNING: "Traders Sell Shares of Applied Materials, Inc". (NASDAQ:AMAT) traded up 2.50% during trading on Friday, reaching $43.08. Applied Materials, Inc. has a one year low of $27.00 and a one year high of $47.86. The company has a 50 day moving average price of $44.26 and a 200-day moving average price of $40.97. The company has a market cap of $46.81 billion, a P/E ratio of 18.01 and a beta of 1.82.

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Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings data on Thursday, May 18th. The manufacturing equipment provider reported $0.79 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.76 by $0.03. Applied Materials had a net margin of 20.41% and a return on equity of 38.28%. The business had revenue of $3.55 billion during the quarter, compared to analysts' expectations of $3.54 billion. During the same quarter a year ago, the firm posted $0.34 EPS. The company's revenue for the quarter was up 44.7% on a year-over-year basis. Equities research analysts predict that Applied Materials, Inc. will post $3.11 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 24th will be issued a $0.10 dividend. The ex-dividend date is Tuesday, August 22nd. This represents a $0.40 dividend on an annualized basis and a yield of 0.93%. Applied Materials's payout ratio is 16.46%. If you are reading this news story on another domain, it was illegally stolen and republished in violation of United States & global copyright and trademark legislation. The correct version of this story can be read at https://transcriptdaily.com/2017/08/13/applied-materials-inc-nasdaqamat-shares-bought-by-wealthtrust-axiom-llc.html.

A number of equities analysts have commented on AMAT shares. Deutsche Bank AG restated a "buy" rating and issued a $48.00 target price (up from $45.00) on shares of Applied Materials in a report on Friday, May 19th. Credit Suisse Group raised Applied Materials to a "buy" rating and set a $54.00 price objective for the company in a research note on Friday, May 19th. UBS AG restated a "buy" rating and issued a $51.00 target price (up from $44.00) on shares of Applied Materials in a report on Wednesday, May 17th. Finally, Stifel Nicolaus raised their price objective on Applied Materials from $42.00 to $50.00 and gave the stock a "buy" rating in a research report on Monday, May 15th. Four investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company's stock. Applied Materials now has an average rating of "Buy" and a consensus price target of $46.60.

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