Applied Materials, Inc. (NASDAQ:AMAT) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC raised its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 18,449.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 643,102 shares of the manufacturing equipment provider’s stock after acquiring an additional 639,635 shares during the period. International Assets Investment Management LLC owned 0.08% of Applied Materials worth $1,299,390,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. JT Stratford LLC boosted its stake in Applied Materials by 0.4% in the first quarter. JT Stratford LLC now owns 10,890 shares of the manufacturing equipment provider’s stock valued at $2,246,000 after acquiring an additional 48 shares in the last quarter. Financial Management Professionals Inc. raised its holdings in shares of Applied Materials by 5.6% in the first quarter. Financial Management Professionals Inc. now owns 924 shares of the manufacturing equipment provider’s stock valued at $191,000 after buying an additional 49 shares during the last quarter. WASHINGTON TRUST Co raised its holdings in shares of Applied Materials by 3.3% in the second quarter. WASHINGTON TRUST Co now owns 1,556 shares of the manufacturing equipment provider’s stock valued at $367,000 after buying an additional 49 shares during the last quarter. Optimum Investment Advisors raised its holdings in shares of Applied Materials by 1.3% in the second quarter. Optimum Investment Advisors now owns 4,016 shares of the manufacturing equipment provider’s stock valued at $948,000 after buying an additional 50 shares during the last quarter. Finally, SlateStone Wealth LLC raised its holdings in shares of Applied Materials by 4.7% in the second quarter. SlateStone Wealth LLC now owns 1,105 shares of the manufacturing equipment provider’s stock valued at $261,000 after buying an additional 50 shares during the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on AMAT shares. StockNews.com cut shares of Applied Materials from a “buy” rating to a “hold” rating in a report on Saturday, September 14th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Applied Materials from $260.00 to $230.00 and set a “hold” rating for the company in a report on Friday, August 16th. Dbs Bank cut shares of Applied Materials from a “strong-buy” rating to a “hold” rating in a report on Monday, September 16th. Citigroup reduced their target price on shares of Applied Materials from $240.00 to $217.00 and set a “buy” rating for the company in a report on Monday, September 16th. Finally, Susquehanna cut their price target on shares of Applied Materials from $215.00 to $190.00 and set a “neutral” rating for the company in a report on Friday, October 11th. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $229.14.

Applied Materials Trading Down 0.2 %

Shares of AMAT stock opened at $182.70 on Thursday. The stock has a market cap of $151.27 billion, a P/E ratio of 21.00, a P/E/G ratio of 2.66 and a beta of 1.54. The business has a fifty day simple moving average of $194.71 and a 200-day simple moving average of $208.75. Applied Materials, Inc. has a fifty-two week low of $129.21 and a fifty-two week high of $255.89. The company has a quick ratio of 2.09, a current ratio of 2.86 and a debt-to-equity ratio of 0.33.

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 analysts’ consensus estimates of $2.02 by $0.10. The firm had revenue of $6.78 billion during the quarter, compared to analysts’ expectations of $6.68 billion. Applied Materials had a return on equity of 39.99% and a net margin of 27.74%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.90 EPS. On average, analysts forecast that Applied Materials, Inc. will post 8.49 earnings per share for the current fiscal year.

Applied Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Thursday, November 21st. Applied Materials’s dividend payout ratio is presently 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.