Psagot Investment House Ltd. Purchases Shares of 6,000 Applied Materials, Inc. (AMAT)

Psagot Investment House Ltd. purchased a new position in shares of Applied Materials, Inc. (NASDAQ:AMAT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,000 shares of the manufacturing equipment provider’s stock, valued at approximately $313,000.

Other institutional investors have also recently added to or reduced their stakes in the company. LeJeune Puetz Investment Counsel LLC bought a new stake in shares of Applied Materials in the 3rd quarter worth about $105,000. MPS Loria Financial Planners LLC bought a new stake in shares of Applied Materials in the 2nd quarter worth about $109,000. Wunderlich Capital Managemnt increased its position in shares of 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 purchasing an additional 87 shares during the last quarter. Bessemer Group Inc. increased its position in shares of Applied Materials by 145.4% in the 2nd quarter. Bessemer Group Inc. now owns 3,067 shares of the manufacturing equipment provider’s stock worth $126,000 after purchasing an additional 1,817 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Applied Materials in the 2nd quarter worth about $134,000. 78.58% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Applied Materials, Inc. (NASDAQ AMAT) opened at $51.01 on Thursday. The firm has a market cap of $53,079.05, a P/E ratio of 15.31, a PEG ratio of 0.95 and a beta of 1.80. Applied Materials, Inc. has a one year low of $31.29 and a one year high of $60.89. The company has a quick ratio of 2.43, a current ratio of 3.14 and a debt-to-equity ratio of 0.57.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results on Thursday, November 16th. The manufacturing equipment provider reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. The company had revenue of $3.97 billion during the quarter, compared to analyst estimates of $3.93 billion. Applied Materials had a net margin of 23.62% and a return on equity of 41.51%. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.66 EPS. research analysts anticipate that Applied Materials, Inc. will post 3.96 earnings per share for the current year.

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 shares were 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 through this link. Also, Director Stephen R. Forrest sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The stock was 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. Corporate insiders own 0.31% of the company’s stock.

Several equities research analysts have recently weighed in on AMAT shares. Wells Fargo & Company started coverage on shares of Applied Materials in a research report on Tuesday. They issued an “outperform” rating and a $65.00 target price for the company. Credit Suisse Group reaffirmed a “buy” rating on shares of Applied Materials in a report on Tuesday, August 29th. Goldman Sachs Group raised shares of Applied Materials from a “neutral” rating to a “buy” rating and lifted their price target for the company from $49.00 to $52.00 in a report on Wednesday, September 13th. Morgan Stanley reaffirmed an “overweight” rating on shares of Applied Materials in a report on Thursday, September 14th. Finally, Bank of America lifted their price target on shares of Applied Materials from $65.00 to $76.00 and gave the company a “buy” rating in a report on Wednesday, November 15th. Two research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. Applied Materials currently has an average rating of “Buy” and a consensus target price of $61.15.

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About Applied Materials

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

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