Egerton Capital UK LLP lowered its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 8.4% during the 4th quarter, Holdings Channel reports. The firm owned 15,491,200 shares of the manufacturing equipment provider’s stock after selling 1,428,728 shares during the period. Applied Materials comprises 6.9% of Egerton Capital UK LLP’s holdings, making the stock its largest position. Egerton Capital UK LLP’s holdings in Applied Materials were worth $791,910,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of AMAT. First Eagle Investment Management LLC purchased a new stake in Applied Materials in the third quarter worth approximately $97,804,000. Nordea Investment Management AB boosted its holdings in Applied Materials by 192.6% in the third quarter. Nordea Investment Management AB now owns 1,652,089 shares of the manufacturing equipment provider’s stock worth $86,057,000 after purchasing an additional 1,087,432 shares during the last quarter. MUFG Securities EMEA plc purchased a new stake in Applied Materials in the fourth quarter worth approximately $49,523,000. Artisan Partners Limited Partnership purchased a new stake in Applied Materials in the third quarter worth approximately $48,626,000. Finally, APG Asset Management N.V. boosted its holdings in Applied Materials by 21.7% in the third quarter. APG Asset Management N.V. now owns 4,643,171 shares of the manufacturing equipment provider’s stock worth $241,863,000 after purchasing an additional 828,100 shares during the last quarter. Institutional investors own 79.30% of the company’s stock.

Applied Materials, Inc. (NASDAQ:AMAT) opened at $49.50 on Tuesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.43 and a current ratio of 3.14. Applied Materials, Inc. has a one year low of $34.58 and a one year high of $60.89. The firm has a market cap of $50,570.69, a price-to-earnings ratio of 15.62, a P/E/G ratio of 0.94 and a beta of 1.72.

Applied Materials (NASDAQ:AMAT) last released its earnings results on Thursday, November 16th. The manufacturing equipment provider reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. Applied Materials had a net margin of 23.62% and a return on equity of 41.51%. The company had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $3.93 billion. During the same quarter in the previous year, the company earned $0.66 EPS. Applied Materials’s revenue for the quarter was up 20.4% on a year-over-year basis. research analysts expect that Applied Materials, Inc. will post 4.04 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Investors of record on Wednesday, February 21st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend is Tuesday, February 20th. Applied Materials’s dividend payout ratio (DPR) is 12.62%.

Several research analysts have recently weighed in on AMAT shares. ValuEngine upgraded shares of Applied Materials from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Vetr cut shares of Applied Materials from a “strong-buy” rating to a “buy” rating and set a $57.92 price target on the stock. in a research note on Thursday, February 1st. BidaskClub cut shares of Applied Materials from a “buy” rating to a “hold” rating in a research note on Tuesday, January 30th. B. Riley reiterated a “buy” rating and set a $71.00 price target on shares of Applied Materials in a research note on Tuesday, January 16th. Finally, Susquehanna Bancshares upgraded shares of Applied Materials from a “neutral” rating to a “positive” rating and lifted their price target for the stock from $60.00 to $72.00 in a research note on Tuesday, January 16th. One analyst has rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the stock. Applied Materials has an average rating of “Buy” and a consensus price target of $62.56.

In related news, VP Ali Salehpour sold 125,125 shares of Applied Materials stock in a transaction on Friday, December 29th. The shares were sold at an average price of $51.47, for a total transaction of $6,440,183.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Stephen R. Forrest sold 5,000 shares of Applied Materials stock in a transaction on Friday, November 24th. The shares were sold at an average price of $58.00, for a total transaction of $290,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 312,716 shares of company stock worth $16,218,746. 0.35% of the stock is owned by corporate insiders.

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Applied Materials Company Profile

Applied Materials, Inc provides manufacturing equipment, services and software to the global semiconductor, display and related industries. The Company’s segments are Semiconductor Systems, which includes semiconductor capital equipment for etch, rapid thermal processing, deposition, chemical mechanical planarization, metrology and inspection, wafer packaging, and ion implantation; Applied Global Services, which provides integrated solutions to optimize equipment and fab performance and productivity; Display and Adjacent Markets, which includes products for manufacturing liquid crystal displays, organic light-emitting diodes, upgrades and roll-to-roll Web coating systems and other display technologies for televisions, personal computers, smart phones and other consumer-oriented devices, and Corporate and Other segment, which includes revenues from products, as well as costs of products sold for fabricating solar photovoltaic cells and modules, and certain operating expenses.

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

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