MBB Public Markets I LLC Buys 53,606 Shares of Applied Materials, Inc. (NASDAQ:AMAT)

MBB Public Markets I LLC lifted its position in Applied Materials, Inc. (NASDAQ:AMAT) by 238.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,121 shares of the manufacturing equipment provider’s stock after buying an additional 53,606 shares during the quarter. MBB Public Markets I LLC’s holdings in Applied Materials were worth $17,964,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of AMAT. First National Bank of Mount Dora Trust Investment Services bought a new position in shares of Applied Materials in the first quarter worth $1,764,000. GAMMA Investing LLC raised its holdings in shares of Applied Materials by 89.3% in the 2nd quarter. GAMMA Investing LLC now owns 8,988 shares of the manufacturing equipment provider’s stock valued at $2,121,000 after acquiring an additional 4,239 shares in the last quarter. Sivia Capital Partners LLC boosted its position in shares of Applied Materials by 5.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,338 shares of the manufacturing equipment provider’s stock valued at $552,000 after acquiring an additional 126 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Applied Materials by 5.4% during the first quarter. International Assets Investment Management LLC now owns 3,350 shares of the manufacturing equipment provider’s stock worth $699,000 after purchasing an additional 172 shares in the last quarter. Finally, Calton & Associates Inc. purchased a new position in shares of Applied Materials during the first quarter worth about $243,000. 80.56% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on AMAT shares. StockNews.com cut shares of Applied Materials from a “buy” rating to a “hold” rating in a research report on Saturday, September 14th. UBS Group dropped their target price on Applied Materials from $220.00 to $210.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. B. Riley cut their target price on Applied Materials from $300.00 to $280.00 and set a “buy” rating for the company in a research note on Friday, August 16th. Dbs Bank cut shares of Applied Materials from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 16th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $250.00 target price on shares of Applied Materials in a research note on Friday, August 16th. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $231.05.

Applied Materials Trading Up 6.2 %

AMAT opened at $209.61 on Friday. The company has a quick ratio of 2.09, a current ratio of 2.86 and a debt-to-equity ratio of 0.33. The stock has a market cap of $173.55 billion, a PE ratio of 24.09, a PEG ratio of 2.30 and a beta of 1.55. The business has a 50 day moving average of $195.89 and a 200-day moving average of $209.89. Applied Materials, Inc. has a 52 week low of $129.21 and a 52 week high of $255.89.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings data on Thursday, August 15th. The manufacturing equipment provider reported $2.12 EPS for the quarter, topping the consensus estimate of $2.02 by $0.10. Applied Materials had a net margin of 27.74% and a return on equity of 39.99%. The business had revenue of $6.78 billion for the quarter, compared to analyst estimates of $6.68 billion. During the same quarter in the previous year, the firm posted $1.90 earnings per share. Applied Materials’s quarterly revenue was up 5.5% on a year-over-year basis. Equities research analysts predict that Applied Materials, Inc. will post 8.49 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Thursday, November 21st. Applied Materials’s dividend payout ratio is presently 18.39%.

About Applied Materials

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.