Bank Hapoalim BM lowered its position in shares of Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 5.6% in the third quarter, Holdings Channel reports. The firm owned 3,741 shares of the manufacturing equipment provider’s stock after selling 222 shares during the period. Bank Hapoalim BM’s holdings in Applied Materials were worth $756,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of AMAT. JT Stratford LLC boosted its stake in shares of Applied Materials by 0.4% during the 1st quarter. JT Stratford LLC now owns 10,890 shares of the manufacturing equipment provider’s stock worth $2,246,000 after acquiring an additional 48 shares in the last quarter. WASHINGTON TRUST Co boosted its position in shares of Applied Materials by 3.3% in the 2nd quarter. WASHINGTON TRUST Co now owns 1,556 shares of the manufacturing equipment provider’s stock valued at $367,000 after purchasing an additional 49 shares during the period. Optimum Investment Advisors increased its stake in Applied Materials by 1.3% in the 2nd quarter. Optimum Investment Advisors now owns 4,016 shares of the manufacturing equipment provider’s stock worth $948,000 after purchasing an additional 50 shares in the last quarter. SlateStone Wealth LLC raised its holdings in Applied Materials by 4.7% during the 2nd quarter. SlateStone Wealth LLC now owns 1,105 shares of the manufacturing equipment provider’s stock worth $261,000 after buying an additional 50 shares during the period. Finally, Dorsey & Whitney Trust CO LLC lifted its stake in Applied Materials by 0.9% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 6,041 shares of the manufacturing equipment provider’s stock valued at $1,246,000 after buying an additional 54 shares in the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.
Applied Materials Stock Performance
Applied Materials stock traded down $2.57 on Thursday, reaching $182.73. 276,185 shares of the stock were exchanged, compared to its average volume of 6,052,980. The stock has a market cap of $151.30 billion, a PE ratio of 21.30, a PEG ratio of 2.66 and a beta of 1.54. The firm has a fifty day moving average price of $192.41 and a two-hundred day moving average price of $207.92. Applied Materials, Inc. has a twelve month low of $129.21 and a twelve month high of $255.89. 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 Dividend Announcement
The business also recently announced 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 (DPR) is currently 18.39%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the stock. Dbs Bank lowered shares of Applied Materials from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 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. B. Riley reduced their price objective 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. Susquehanna lowered their target price on Applied Materials from $215.00 to $190.00 and set a “neutral” rating on the stock in a research note on Friday, October 11th. Finally, JPMorgan Chase & Co. increased their price target on shares of Applied Materials from $240.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Applied Materials currently has a consensus rating of “Moderate Buy” and an average price target of $229.14.
Get Our Latest Report on Applied Materials
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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