Commons Capital LLC Sells 77 Shares of Applied Materials, Inc. (NASDAQ:AMAT)

Commons Capital LLC trimmed its position in Applied Materials, Inc. (NASDAQ:AMAT) by 5.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,235 shares of the manufacturing equipment provider’s stock after selling 77 shares during the period. Commons Capital LLC’s holdings in Applied Materials were worth $291,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Redmont Wealth Advisors LLC purchased a new stake in shares of Applied Materials during the 1st quarter valued at $26,000. Summit Securities Group LLC purchased a new position in Applied Materials in the 2nd quarter worth $26,000. Atlantic Edge Private Wealth Management LLC purchased a new position in Applied Materials in the 4th quarter worth $27,000. Mark Sheptoff Financial Planning LLC purchased a new position in Applied Materials in the 1st quarter worth $35,000. Finally, RFP Financial Group LLC raised its position in Applied Materials by 96.6% in the 1st quarter. RFP Financial Group LLC now owns 173 shares of the manufacturing equipment provider’s stock worth $36,000 after purchasing an additional 85 shares during the period. 80.56% of the stock is owned by institutional investors.

Insider Activity

In other news, SVP Teri A. Little sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $221.62, for a total transaction of $554,050.00. Following the completion of the transaction, the senior vice president now directly owns 76,212 shares of the company’s stock, valued at $16,890,103.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Applied Materials news, Director Thomas J. Iannotti sold 9,827 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $236.65, for a total transaction of $2,325,559.55. Following the completion of the sale, the director now directly owns 49,185 shares of the company’s stock, valued at $11,639,630.25. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Teri A. Little sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $221.62, for a total transaction of $554,050.00. Following the sale, the senior vice president now directly owns 76,212 shares of the company’s stock, valued at $16,890,103.44. The disclosure for this sale can be found here. Insiders sold 62,327 shares of company stock valued at $15,338,110 over the last three months. Insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on AMAT shares. Jefferies Financial Group cut shares of Applied Materials from a “buy” rating to a “hold” rating and decreased their target price for the stock from $215.00 to $210.00 in a research report on Monday, May 13th. Morgan Stanley raised their price target on shares of Applied Materials from $223.00 to $224.00 and gave the stock an “equal weight” rating in a report on Friday, August 16th. Mizuho raised their price target on shares of Applied Materials from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Stifel Nicolaus cut their price target on shares of Applied Materials from $275.00 to $270.00 and set a “buy” rating on the stock in a report on Friday, August 16th. Finally, Citigroup cut their price target on shares of Applied Materials from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Monday, August 5th. Six research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $233.14.

Applied Materials Stock Down 0.5 %

Shares of Applied Materials stock opened at $182.38 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.09 and a current ratio of 2.86. The stock has a market capitalization of $151.01 billion, a PE ratio of 20.96, a price-to-earnings-growth ratio of 2.35 and a beta of 1.56. Applied Materials, Inc. has a 52-week low of $129.21 and a 52-week high of $255.89. The company has a 50-day simple moving average of $212.23 and a two-hundred day simple moving average of $211.51.

Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, August 15th. The manufacturing equipment provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.10. The business had revenue of $6.78 billion during the quarter, compared to analysts’ expectations of $6.68 billion. Applied Materials had a net margin of 27.74% and a return on equity of 39.99%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.90 earnings per share. On average, analysts anticipate that Applied Materials, Inc. will post 8.47 EPS for the current fiscal year.

Applied Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 22nd will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $1.60 annualized dividend and a dividend yield of 0.88%. Applied Materials’s payout ratio is 18.39%.

Applied Materials Company Profile

Applied Materials, Inc engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company 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.