Sivia Capital Partners LLC decreased its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 5.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,202 shares of the manufacturing equipment provider’s stock after selling 136 shares during the quarter. Sivia Capital Partners LLC’s holdings in Applied Materials were worth $445,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Applied Materials by 1.2% in the first quarter. Vanguard Group Inc. now owns 75,008,622 shares of the manufacturing equipment provider’s stock valued at $15,469,028,000 after acquiring an additional 891,446 shares during the last quarter. Lazard Asset Management LLC increased its position in shares of Applied Materials by 10.4% during the 1st quarter. Lazard Asset Management LLC now owns 5,189,202 shares of the manufacturing equipment provider’s stock worth $1,070,167,000 after purchasing an additional 490,597 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Applied Materials by 1.6% in the 2nd quarter. American Century Companies Inc. now owns 5,084,186 shares of the manufacturing equipment provider’s stock valued at $1,199,817,000 after buying an additional 81,151 shares during the last quarter. Van ECK Associates Corp increased its holdings in Applied Materials by 9.5% during the second quarter. Van ECK Associates Corp now owns 5,061,739 shares of the manufacturing equipment provider’s stock worth $1,194,520,000 after buying an additional 438,691 shares during the last quarter. Finally, Swedbank AB raised its position in Applied Materials by 10.3% during the second quarter. Swedbank AB now owns 4,135,739 shares of the manufacturing equipment provider’s stock worth $975,993,000 after acquiring an additional 384,534 shares in the last quarter. Institutional investors own 80.56% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on AMAT. Wells Fargo & Company decreased their price objective on shares of Applied Materials from $260.00 to $235.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft lowered their price target on Applied Materials from $260.00 to $230.00 and set a “hold” rating on the stock in a research report on Friday, August 16th. Citigroup cut their price objective on Applied Materials from $240.00 to $217.00 and set a “buy” rating for the company in a research report on Monday, September 16th. Cantor Fitzgerald reissued an “overweight” rating and set a $250.00 target price on shares of Applied Materials in a report on Tuesday, October 8th. Finally, B. Riley cut their price target on Applied Materials from $300.00 to $280.00 and set a “buy” rating for the company in a report on Friday, August 16th. Eight 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 company has an average rating of “Moderate Buy” and a consensus price target of $229.14.
Applied Materials Price Performance
Applied Materials stock traded up $7.84 during midday trading on Monday, reaching $212.90. The company’s stock had a trading volume of 2,262,876 shares, compared to its average volume of 5,991,376. The company has a current ratio of 2.86, a quick ratio of 2.09 and a debt-to-equity ratio of 0.33. The stock has a market cap of $176.28 billion, a PE ratio of 23.57, a price-to-earnings-growth ratio of 2.66 and a beta of 1.54. Applied Materials, Inc. has a 52 week low of $129.21 and a 52 week high of $255.89. The business has a 50-day moving average price of $194.94 and a 200-day moving average price of $209.78.
Applied Materials (NASDAQ:AMAT – Get Free Report) last issued its quarterly earnings data 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. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.90 EPS. On average, sell-side analysts predict that Applied Materials, Inc. will post 8.49 EPS for the current year.
Applied Materials Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Thursday, November 21st. Applied Materials’s dividend payout ratio is currently 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.
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