Capital Advisors Inc. OK Has $46.86 Million Stake in Applied Materials, Inc. (NASDAQ:AMAT)

Capital Advisors Inc. OK lifted its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 2.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 288,151 shares of the manufacturing equipment provider’s stock after buying an additional 7,197 shares during the quarter. Capital Advisors Inc. OK’s holdings in Applied Materials were worth $46,862,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of AMAT. EdgePoint Investment Group Inc. grew its position in shares of Applied Materials by 341.0% during the 3rd quarter. EdgePoint Investment Group Inc. now owns 2,857,155 shares of the manufacturing equipment provider’s stock worth $577,288,000 after buying an additional 2,209,218 shares during the period. Janus Henderson Group PLC grew its position in shares of Applied Materials by 67.8% during the 3rd quarter. Janus Henderson Group PLC now owns 4,663,133 shares of the manufacturing equipment provider’s stock worth $942,187,000 after buying an additional 1,884,153 shares during the period. Van ECK Associates Corp grew 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 worth $1,327,707,000 after buying an additional 1,509,439 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Applied Materials by 262.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,390,501 shares of the manufacturing equipment provider’s stock worth $280,951,000 after buying an additional 1,006,937 shares during the period. Finally, Alkeon Capital Management LLC grew its position in Applied Materials by 87.7% in the 3rd quarter. Alkeon Capital Management LLC now owns 1,877,133 shares of the manufacturing equipment provider’s stock valued at $379,275,000 after purchasing an additional 877,133 shares during the period. Institutional investors and hedge funds own 80.56% of the company’s stock.

Applied Materials Trading Down 0.3 %

Shares of AMAT opened at $183.20 on Wednesday. The business’s 50-day moving average price is $175.20 and its 200-day moving average price is $185.04. Applied Materials, Inc. has a twelve month low of $158.96 and a twelve month high of $255.89. The stock has a market cap of $148.89 billion, a PE ratio of 21.28, a P/E/G ratio of 1.86 and a beta of 1.53. The company has a quick ratio of 1.87, a current ratio of 2.51 and a debt-to-equity ratio of 0.29.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings results on Thursday, November 14th. The manufacturing equipment provider reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.19 by $0.13. Applied Materials had a return on equity of 39.26% and a net margin of 26.41%. The firm had revenue of $7.05 billion for the quarter, compared to analysts’ expectations of $6.96 billion. During the same period in the prior year, the business posted $2.12 earnings per share. The company’s revenue was up 4.8% on a year-over-year basis. On average, equities analysts forecast that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be given a $0.40 dividend. The ex-dividend date is Thursday, February 20th. This represents a $1.60 annualized dividend and a yield of 0.87%. Applied Materials’s payout ratio is currently 18.58%.

Analysts Set New Price Targets

Several analysts recently issued reports on AMAT shares. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Applied Materials from $220.00 to $200.00 and set a “hold” rating for the company in a research report on Friday, November 15th. Evercore ISI reduced their price target on shares of Applied Materials from $260.00 to $250.00 and set an “outperform” rating for the company in a research report on Friday, November 15th. Susquehanna lifted their price target on shares of Applied Materials from $155.00 to $165.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Sanford C. Bernstein cut their price objective on shares of Applied Materials from $220.00 to $210.00 and set an “outperform” rating on the stock in a report on Friday, November 29th. Finally, Mizuho cut their price objective on shares of Applied Materials from $220.00 to $210.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $218.00.

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.