Versor Investments LP reduced its position in Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 38.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,054 shares of the manufacturing equipment provider’s stock after selling 1,947 shares during the quarter. Versor Investments LP’s holdings in Applied Materials were worth $617,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Van ECK Associates Corp raised its position in shares of Applied Materials by 29.8% during the 3rd quarter. Van ECK Associates Corp now owns 6,571,178 shares of the manufacturing equipment provider’s stock valued at $1,327,707,000 after acquiring an additional 1,509,439 shares in the last quarter. WoodTrust Financial Corp raised its holdings in shares of Applied Materials by 47.0% during the third quarter. WoodTrust Financial Corp now owns 67,915 shares of the manufacturing equipment provider’s stock worth $13,722,000 after purchasing an additional 21,699 shares during the period. Stiles Financial Services Inc raised its holdings in shares of Applied Materials by 252.0% during the third quarter. Stiles Financial Services Inc now owns 4,734 shares of the manufacturing equipment provider’s stock worth $957,000 after purchasing an additional 3,389 shares during the period. GAMMA Investing LLC boosted 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 buying an additional 4,239 shares during the period. Finally, Sivia Capital Partners LLC boosted its holdings in shares of Applied Materials by 5.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,338 shares of the manufacturing equipment provider’s stock valued at $552,000 after buying an additional 126 shares during the period. Institutional investors and hedge funds own 80.56% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus cut their price target on Applied Materials from $270.00 to $250.00 and set a “buy” rating on the stock in a report on Tuesday. JPMorgan Chase & Co. boosted their price target on Applied Materials from $240.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Morgan Stanley lowered their price target on Applied Materials from $224.00 to $185.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 17th. Mizuho decreased their target price on shares of Applied Materials from $245.00 to $225.00 and set an “outperform” rating for the company in a research report on Friday, September 20th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Applied Materials from $260.00 to $230.00 and set a “hold” rating on the stock in a research note on Friday, August 16th. Eight analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, Applied Materials presently has a consensus rating of “Moderate Buy” and an average price target of $227.24.
Applied Materials Price Performance
AMAT stock opened at $182.79 on Thursday. The firm has a 50-day moving average of $190.88 and a two-hundred day moving average of $207.30. The firm has a market capitalization of $150.69 billion, a PE ratio of 20.54, a P/E/G ratio of 2.29 and a beta of 1.56. The company has a current ratio of 2.86, a quick ratio of 2.09 and a debt-to-equity ratio of 0.33. Applied Materials, Inc. has a one year low of $141.94 and a one year high of $255.89.
Applied Materials (NASDAQ:AMAT – Get Free Report) last issued its quarterly earnings results on Thursday, August 15th. The manufacturing equipment provider reported $2.12 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter in the prior year, the firm earned $1.90 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. On average, analysts forecast that Applied Materials, Inc. will post 8.51 earnings per share for the current year.
Applied Materials Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.88%. Applied Materials’s dividend payout ratio is 17.98%.
Applied Materials 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.
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