NBT Bank N A NY Takes Position in Applied Materials, Inc. (AMAT)

NBT Bank N A NY purchased a new position in Applied Materials, Inc. (NASDAQ:AMAT) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,590 shares of the manufacturing equipment provider’s stock, valued at approximately $239,000.

Other large investors have also modified their holdings of the company. LeJeune Puetz Investment Counsel LLC acquired a new stake in Applied Materials in the 3rd quarter worth about $105,000. MPS Loria Financial Planners LLC acquired a new stake in Applied Materials in the 2nd quarter worth about $109,000. First Personal Financial Services boosted its stake in Applied Materials by 281.5% in the 3rd quarter. First Personal Financial Services now owns 2,575 shares of the manufacturing equipment provider’s stock worth $134,000 after buying an additional 1,900 shares during the last quarter. Mosaic Family Wealth LLC boosted its stake in Applied Materials by 56.1% in the 3rd quarter. Mosaic Family Wealth LLC now owns 2,737 shares of the manufacturing equipment provider’s stock worth $142,000 after buying an additional 984 shares during the last quarter. Finally, Wunderlich Capital Managemnt boosted its stake in Applied Materials by 2.9% in the 2nd quarter. Wunderlich Capital Managemnt now owns 3,037 shares of the manufacturing equipment provider’s stock worth $125,000 after buying an additional 87 shares during the last quarter. 79.35% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Applied Materials, Inc. (AMAT) traded up $1.67 during midday trading on Thursday, reaching $57.44. The company’s stock had a trading volume of 5,394,384 shares, compared to its average volume of 9,070,000. Applied Materials, Inc. has a 12-month low of $29.54 and a 12-month high of $57.74. The company has a current ratio of 2.91, a quick ratio of 2.25 and a debt-to-equity ratio of 0.61. The firm has a market cap of $61,210.00, a price-to-earnings ratio of 18.93, a PEG 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, beating 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 firm had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter last year, the firm earned $0.50 EPS. Applied Materials’s quarterly revenue was up 32.7% on a year-over-year basis. equities analysts anticipate that Applied Materials, Inc. will post 3.22 EPS for the current year.

The company 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 0.70%. Applied Materials’s payout ratio is 14.18%.

In other news, VP Thomas F. Larkins sold 30,000 shares of Applied Materials 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alexander Karsner sold 22,762 shares of Applied Materials stock in a transaction that occurred on Wednesday, August 23rd. The stock was 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 company insiders.

A number of analysts have issued reports on the company. Zacks Investment Research lowered Applied Materials from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. Morgan Stanley reissued an “overweight” rating and issued a $52.00 price target on shares of Applied Materials in a research note on Monday, August 14th. B. Riley reissued a “buy” rating and issued a $61.00 price target on shares of Applied Materials in a research note on Saturday, August 19th. BidaskClub downgraded Applied Materials from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 2nd. Finally, Cowen and Company restated a “buy” rating and issued a $50.00 price objective on shares of Applied Materials in a report on Friday, July 28th. Three investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $57.14.

Applied Materials Company Profile

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

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