Today, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp invests in Applied Materials Inc. (AMAT) Shares

Today, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp invests in Applied Materials Inc. (AMAT) Shares

Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its stake in shares of Applied Materials Inc. (NASDAQ:AMAT) by 322.6% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 65,500 shares of the manufacturing equipment provider’s stock after buying an additional 50,000 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings in Applied Materials were worth $1,975,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of AMAT. Thompson Davis & CO. Inc. boosted its position in shares of Applied Materials by 133.3% in the second quarter. Thompson Davis & CO. Inc. now owns 4,232 shares of the manufacturing equipment provider’s stock valued at $101,000 after buying an additional 2,418 shares during the period. First Quadrant L P CA bought a new position in shares of Applied Materials during the third quarter valued at about $103,000. TLP Group LLC bought a new position in shares of Applied Materials during the second quarter valued at about $105,000. Clean Yield Group boosted its position in shares of Applied Materials by 16.5% in the second quarter. Clean Yield Group now owns 4,950 shares of the manufacturing equipment provider’s stock valued at $119,000 after buying an additional 700 shares during the period. Finally, First PREMIER Bank bought a new position in shares of Applied Materials during the second quarter valued at about $120,000. Hedge funds and other institutional investors own 80.36% of the company’s stock.

Applied Materials Inc. (NASDAQ:AMAT) traded down 0.13% during trading on Monday, reaching $31.84. 8,412,891 shares of the company’s stock were exchanged. The company has a market capitalization of $34.42 billion, a PE ratio of 20.68 and a beta of 1.86. The company’s 50-day moving average is $29.28 and its 200-day moving average is $27.16. Applied Materials Inc. has a 1-year low of $15.44 and a 1-year high of $32.16.

Applied Materials (NASDAQ:AMAT) last released its earnings results on Thursday, November 17th. The manufacturing equipment provider reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.01. Applied Materials had a return on equity of 28.09% and a net margin of 15.90%. The company had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.31 billion. During the same quarter in the previous year, the firm posted $0.29 EPS. The firm’s quarterly revenue was up 39.2% on a year-over-year basis. Equities research analysts expect that Applied Materials Inc. will post $2.35 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Friday, November 25th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.25%. The ex-dividend date is Tuesday, November 22nd. Applied Materials’s payout ratio is 25.64%.

Several equities analysts recently issued reports on AMAT shares. B. Riley restated an “amat ($29.20” rating and issued a $39.00 price target on shares of Applied Materials in a research report on Sunday, August 21st. Goldman Sachs Group Inc. set a $33.00 price target on Applied Materials and gave the company a “buy” rating in a research report on Friday, August 19th. Citigroup Inc. boosted their price target on Applied Materials from $31.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, August 19th. Morgan Stanley reiterated a “buy” rating and set a $25.00 target price on shares of Applied Materials in a research report on Tuesday, August 16th. Finally, DA Davidson reiterated a “buy” rating and set a $32.00 target price (up previously from $28.00) on shares of Applied Materials in a research report on Tuesday, August 16th. Five research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $31.95.

In other Applied Materials news, VP Omkaram Nalamasu sold 99,491 shares of the business’s stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $30.15, for a total transaction of $2,999,653.65. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Gary E. Dickerson sold 229,935 shares of the business’s stock in a transaction that occurred on Friday, October 7th. The stock was sold at an average price of $29.71, for a total value of $6,831,368.85. The disclosure for this sale can be found here. Company insiders own 0.25% of the company’s stock.

About Applied Materials

Applied Materials, Inc (Applied) provides manufacturing equipment, services and software to the semiconductor, display, solar photovoltaic (PV) and related industries across the world. The Company operates in four segments: Silicon Systems, Applied Global Services, Display, and Energy and Environmental Solutions.

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