Applied Materials, Inc. (AMAT) Holdings Trimmed by Global Thematic Partners LLC

Global Thematic Partners LLC reduced its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 28.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,733,582 shares of the manufacturing equipment provider’s stock after selling 688,917 shares during the quarter. Applied Materials comprises 3.2% of Global Thematic Partners LLC’s holdings, making the stock its 9th biggest position. Global Thematic Partners LLC’s holdings in Applied Materials were worth $68,754,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Moody National Bank Trust Division acquired a new position in shares of Applied Materials during the 4th quarter worth about $25,000. Sontag Advisory LLC acquired a new position in shares of Applied Materials during the 4th quarter worth about $30,000. Bruderman Asset Management LLC acquired a new position in shares of Applied Materials during the 4th quarter worth about $31,000. Lenox Wealth Advisors LLC grew its position in shares of Applied Materials by 73.7% during the 1st quarter. Lenox Wealth Advisors LLC now owns 780 shares of the manufacturing equipment provider’s stock worth $31,000 after buying an additional 331 shares during the period. Finally, Mondrian Capital Management LLC acquired a new position in shares of Applied Materials during the 4th quarter worth about $33,000. 78.97% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on the company. Stifel Nicolaus decreased their target price on Applied Materials from $63.00 to $53.00 and set a “buy” rating for the company in a research report on Monday, February 11th. Zacks Investment Research lowered Applied Materials from a “hold” rating to a “sell” rating in a research report on Monday, February 11th. BidaskClub upgraded Applied Materials from a “hold” rating to a “buy” rating in a research report on Saturday, February 9th. DZ Bank lowered Applied Materials from a “buy” rating to a “hold” rating in a research report on Friday, February 15th. Finally, Argus restated a “buy” rating on shares of Applied Materials in a research report on Tuesday, February 19th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and sixteen have issued a buy rating to the company. Applied Materials presently has an average rating of “Buy” and a consensus target price of $50.53.

Shares of AMAT traded up $0.30 on Thursday, hitting $42.47. The company’s stock had a trading volume of 6,574,191 shares, compared to its average volume of 10,807,014. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.74 and a current ratio of 2.72. Applied Materials, Inc. has a fifty-two week low of $28.79 and a fifty-two week high of $58.40. The firm has a market capitalization of $40.04 billion, a PE ratio of 9.54, a P/E/G ratio of 1.66 and a beta of 1.64.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings data on Thursday, February 14th. The manufacturing equipment provider reported $0.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.02. Applied Materials had a return on equity of 58.28% and a net margin of 23.50%. The business had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.71 billion. During the same period in the previous year, the firm earned $1.06 EPS. Applied Materials’s quarterly revenue was down 10.7% compared to the same quarter last year. Equities research analysts predict that Applied Materials, Inc. will post 2.94 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 23rd will be paid a $0.21 dividend. This is a boost from Applied Materials’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $0.84 annualized dividend and a yield of 1.98%. Applied Materials’s payout ratio is presently 17.98%.

In other Applied Materials news, insider Omkaram Nalamasu sold 143,255 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $40.73, for a total value of $5,834,776.15. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Stephen R. Forrest sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $42.45, for a total value of $84,900.00. The disclosure for this sale can be found here. Insiders sold a total of 170,255 shares of company stock worth $6,987,176 in the last 90 days. Company insiders own 0.44% of the company’s stock.

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About Applied Materials

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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