First Eagle Investment Management LLC Purchases Shares of 1,877,588 Applied Materials, Inc. (AMAT)

First Eagle Investment Management LLC purchased a new stake in Applied Materials, Inc. (NASDAQ:AMAT) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,877,588 shares of the manufacturing equipment provider’s stock, valued at approximately $97,804,000. First Eagle Investment Management LLC owned 0.18% of Applied Materials as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in AMAT. Vanguard Group Inc. boosted its holdings in shares of Applied Materials by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 75,084,373 shares of the manufacturing equipment provider’s stock valued at $3,101,736,000 after buying an additional 1,721,964 shares in the last quarter. State Street Corp increased its holdings in shares of Applied Materials by 2.1% in the 2nd quarter. State Street Corp now owns 48,897,158 shares of the manufacturing equipment provider’s stock valued at $2,019,939,000 after purchasing an additional 985,296 shares in the last quarter. Capital Research Global Investors increased its holdings in shares of Applied Materials by 14.8% in the 2nd quarter. Capital Research Global Investors now owns 17,724,836 shares of the manufacturing equipment provider’s stock valued at $732,213,000 after purchasing an additional 2,284,836 shares in the last quarter. Egerton Capital UK LLP grew its stake in Applied Materials by 23.2% in the 3rd quarter. Egerton Capital UK LLP now owns 16,919,928 shares of the manufacturing equipment provider’s stock valued at $881,359,000 after acquiring an additional 3,184,994 shares during the last quarter. Finally, TIAA CREF Investment Management LLC grew its stake in Applied Materials by 7.6% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 13,751,324 shares of the manufacturing equipment provider’s stock valued at $568,067,000 after acquiring an additional 973,818 shares during the last quarter. 79.35% of the stock is currently owned by hedge funds and other institutional investors.

In other news, VP Thomas F. Larkins sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $51.24, for a total value of $1,537,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Alexander Karsner sold 22,762 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $44.03, for a total value of $1,002,210.86. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by corporate insiders.

Several research firms have issued reports on AMAT. Zacks Investment Research cut shares of Applied Materials from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. Vetr upgraded shares of Applied Materials from a “buy” rating to a “strong-buy” rating and set a $48.16 price target on the stock in a report on Thursday, August 10th. Stifel Nicolaus reiterated a “buy” rating and set a $61.00 price objective (up previously from $55.00) on shares of Applied Materials in a research note on Friday, August 18th. Credit Suisse Group lifted their price objective on shares of Applied Materials from $5.00 to $62.00 and gave the company an “outperform” rating in a research note on Friday, August 18th. They noted that the move was a valuation call. Finally, B. Riley restated a “buy” rating and issued a $61.00 price target on shares of Applied Materials in a research note on Saturday, August 19th. Three analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. Applied Materials currently has a consensus rating of “Buy” and an average target price of $56.64.

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Applied Materials, Inc. (AMAT) traded down $0.48 during trading on Tuesday, hitting $56.55. The stock had a trading volume of 1,596,406 shares, compared to its average volume of 9,756,110. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.91 and a quick ratio of 2.25. Applied Materials, Inc. has a 12 month low of $28.93 and a 12 month high of $57.34. The firm has a market cap of $60,530.00, a PE ratio of 18.91, a P/E/G ratio of 0.90 and a beta of 1.85.

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

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Friday, November 24th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Wednesday, November 22nd. Applied Materials’s dividend payout ratio (DPR) is currently 14.18%.

About Applied Materials

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

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