Teacher Retirement System of Texas Grows Holdings in Applied Materials, Inc. (NASDAQ:AMAT)

Teacher Retirement System of Texas grew its holdings in shares of Applied Materials, Inc. (NASDAQ:AMATGet Rating) by 3.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 368,320 shares of the manufacturing equipment provider’s stock after buying an additional 12,038 shares during the quarter. Teacher Retirement System of Texas’ holdings in Applied Materials were worth $48,545,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. State Street Corp raised its position in shares of Applied Materials by 0.5% during the 4th quarter. State Street Corp now owns 39,984,883 shares of the manufacturing equipment provider’s stock valued at $6,292,021,000 after acquiring an additional 183,501 shares in the last quarter. Capital World Investors raised its position in shares of Applied Materials by 6.1% during the 4th quarter. Capital World Investors now owns 27,869,799 shares of the manufacturing equipment provider’s stock valued at $4,385,603,000 after acquiring an additional 1,609,461 shares in the last quarter. Capital International Investors raised its position in shares of Applied Materials by 10.5% during the 4th quarter. Capital International Investors now owns 23,268,369 shares of the manufacturing equipment provider’s stock valued at $3,661,525,000 after acquiring an additional 2,209,223 shares in the last quarter. 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 valued at $2,671,813,000 after acquiring an additional 62,513 shares in the last quarter. Finally, Deutsche Bank AG raised its position in shares of Applied Materials by 14.5% during the 4th quarter. Deutsche Bank AG now owns 7,933,311 shares of the manufacturing equipment provider’s stock valued at $1,248,387,000 after acquiring an additional 1,003,013 shares in the last quarter. 77.90% of the stock is currently owned by hedge funds and other institutional investors.

Applied Materials Stock Down 1.3 %

Shares of Applied Materials stock opened at $109.62 on Friday. The stock has a 50-day moving average price of $99.70 and a 200 day moving average price of $116.53. The company has a market cap of $95.36 billion, a P/E ratio of 14.62, a P/E/G ratio of 1.80 and a beta of 1.51. The company has a current ratio of 2.29, a quick ratio of 1.54 and a debt-to-equity ratio of 0.47. Applied Materials, Inc. has a 1 year low of $82.67 and a 1 year high of $167.06.

Applied Materials (NASDAQ:AMATGet Rating) last announced its quarterly earnings data on Thursday, May 19th. The manufacturing equipment provider reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.89 by ($0.04). The business had revenue of $6.25 billion during the quarter, compared to analysts’ expectations of $6.35 billion. Applied Materials had a return on equity of 57.17% and a net margin of 27.20%. The firm’s revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.63 earnings per share. As a group, analysts expect that Applied Materials, Inc. will post 7.42 EPS for the current fiscal year.

Applied Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, August 25th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Wednesday, August 24th. Applied Materials’s dividend payout ratio (DPR) is presently 13.87%.

Insider Transactions at Applied Materials

In other news, SVP Teri A. Little sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, July 6th. The stock was sold at an average price of $86.30, for a total transaction of $1,294,500.00. Following the completion of the sale, the senior vice president now directly owns 93,169 shares of the company’s stock, valued at approximately $8,040,484.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. DA Davidson dropped their target price on Applied Materials from $185.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, May 20th. Needham & Company LLC dropped their target price on Applied Materials from $172.00 to $130.00 and set a “buy” rating on the stock in a research report on Friday, May 20th. B. Riley dropped their target price on Applied Materials from $145.00 to $140.00 and set a “buy” rating on the stock in a research report on Monday, May 16th. Susquehanna Bancshares dropped their target price on Applied Materials to $115.00 in a research report on Friday, May 20th. Finally, Barclays dropped their target price on Applied Materials from $125.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Monday, July 25th. Nine equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $146.04.

About Applied Materials

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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.

See Also

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

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