Applied Materials, Inc. (AMAT) Position Trimmed by Meag Munich Ergo Kapitalanlagegesellschaft MBH

Meag Munich Ergo Kapitalanlagegesellschaft MBH reduced its position in Applied Materials, Inc. (NASDAQ:AMAT) by 14.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,697 shares of the manufacturing equipment provider’s stock after selling 11,021 shares during the quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Applied Materials were worth $3,387,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Summit Financial Wealth Advisors LLC increased its position in shares of Applied Materials by 0.3% during the second quarter. Summit Financial Wealth Advisors LLC now owns 6,269 shares of the manufacturing equipment provider’s stock worth $259,000 after acquiring an additional 19 shares during the period. Adirondack Trust Co. increased its position in shares of Applied Materials by 1.1% during the second quarter. Adirondack Trust Co. now owns 3,650 shares of the manufacturing equipment provider’s stock worth $151,000 after acquiring an additional 40 shares during the period. Affinity Wealth Management increased its position in shares of Applied Materials by 0.8% during the second quarter. Affinity Wealth Management now owns 6,387 shares of the manufacturing equipment provider’s stock worth $264,000 after acquiring an additional 48 shares during the period. Wunderlich Capital Managemnt increased its position 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 acquiring an additional 87 shares during the period. Finally, Honkamp Krueger Financial Services Inc. increased its position in shares of Applied Materials by 0.5% during the second quarter. Honkamp Krueger Financial Services Inc. now owns 20,921 shares of the manufacturing equipment provider’s stock worth $864,000 after acquiring an additional 97 shares during the period. 79.35% of the stock is currently owned by institutional investors.

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A number of equities analysts have recently commented on AMAT shares. Vetr lowered shares of Applied Materials from a “strong-buy” rating to a “buy” rating and set a $48.70 target price on the stock. in a research report on Monday, August 7th. BidaskClub downgraded shares of Applied Materials from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. Cowen and Company reiterated a “buy” rating and set a $50.00 price objective on shares of Applied Materials in a research note on Friday, July 28th. Deutsche Bank AG increased their price objective on shares of Applied Materials from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Friday, August 18th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $61.00 price objective (up from $55.00) on shares of Applied Materials in a research note on Friday, August 18th. Three investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. Applied Materials currently has an average rating of “Buy” and an average target price of $56.64.

Applied Materials, Inc. (NASDAQ AMAT) opened at $56.64 on Tuesday. Applied Materials, Inc. has a fifty-two week low of $28.93 and a fifty-two week high of $57.34. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.91 and a quick ratio of 2.25. The firm has a market cap of $60,820.00, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 0.90 and a beta of 1.85.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings data on Thursday, August 17th. The manufacturing equipment provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.02. Applied Materials had a net margin of 22.08% and a return on equity of 40.74%. The company had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter in the previous year, the company earned $0.50 earnings per share. The firm’s revenue for the quarter was up 32.7% on a year-over-year basis. equities research analysts expect that Applied Materials, Inc. will post 3.22 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Friday, November 24th will be given a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.40 annualized dividend and a dividend yield of 0.71%. Applied Materials’s dividend payout ratio (DPR) is 14.18%.

In related news, Director Alexander Karsner sold 22,762 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $44.03, for a total transaction of $1,002,210.86. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Thomas F. Larkins sold 30,000 shares of the business’s 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. 0.31% of the stock is owned by company insiders.

Applied Materials Profile

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

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