Osborne Partners Capital Management LLC Makes New Investment in Applied Materials, Inc. (NASDAQ:AMAT)

Osborne Partners Capital Management LLC acquired a new stake in Applied Materials, Inc. (NASDAQ:AMATFree Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,784 shares of the manufacturing equipment provider’s stock, valued at approximately $289,000.

Several other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in Applied Materials during the 4th quarter worth about $930,505,000. Cowa LLC acquired a new stake in Applied Materials during the 1st quarter worth approximately $76,000. Moneta Group Investment Advisors LLC lifted its holdings in shares of Applied Materials by 79,147.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 5,726,422 shares of the manufacturing equipment provider’s stock valued at $557,639,000 after buying an additional 5,719,196 shares during the period. Nuveen Asset Management LLC increased its stake in Applied Materials by 25.1% in the 2nd quarter. Nuveen Asset Management LLC now owns 9,609,330 shares of the manufacturing equipment provider’s stock valued at $1,388,933,000 after purchasing an additional 1,925,722 shares in the last quarter. Finally, Barclays PLC increased its stake in Applied Materials by 63.9% in the 2nd quarter. Barclays PLC now owns 3,892,930 shares of the manufacturing equipment provider’s stock valued at $562,685,000 after purchasing an additional 1,517,116 shares in the last quarter. 80.56% of the stock is currently owned by hedge funds and other institutional investors.

Applied Materials Stock Performance

Shares of AMAT stock traded down $4.13 on Tuesday, reaching $204.56. The stock had a trading volume of 598,771 shares, compared to its average volume of 6,420,922. The company has a quick ratio of 1.91, a current ratio of 2.71 and a debt-to-equity ratio of 0.31. The firm’s 50-day moving average is $192.04 and its two-hundred day moving average is $162.88. The firm has a market capitalization of $169.97 billion, a price-to-earnings ratio of 24.24, a P/E/G ratio of 3.12 and a beta of 1.59. Applied Materials, Inc. has a 12 month low of $109.00 and a 12 month high of $214.91.

Applied Materials (NASDAQ:AMATGet Free Report) last issued its quarterly earnings data on Thursday, February 15th. The manufacturing equipment provider reported $2.13 EPS for the quarter, beating the consensus estimate of $1.90 by $0.23. The business had revenue of $6.71 billion during the quarter, compared to the consensus estimate of $6.48 billion. Applied Materials had a net margin of 27.03% and a return on equity of 43.56%. The firm’s revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.03 EPS. On average, research analysts expect that Applied Materials, Inc. will post 8.03 EPS for the current fiscal year.

Applied Materials Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 23rd will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $1.60 annualized dividend and a yield of 0.78%. This is a boost from Applied Materials’s previous quarterly dividend of $0.32. Applied Materials’s payout ratio is currently 15.06%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on AMAT shares. Citigroup raised their price objective on Applied Materials from $170.00 to $211.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Barclays lifted their target price on Applied Materials from $120.00 to $140.00 and gave the company an “underweight” rating in a report on Tuesday, January 16th. Needham & Company LLC lifted their target price on Applied Materials from $180.00 to $240.00 and gave the company a “buy” rating in a report on Friday, February 16th. Raymond James boosted their price objective on Applied Materials from $180.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th. Finally, B. Riley boosted their price objective on Applied Materials from $175.00 to $220.00 and gave the stock a “buy” rating in a research note on Monday, February 12th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $191.83.

View Our Latest Report on AMAT

Applied Materials Profile

(Free Report)

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

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