Applied Materials, Inc. (NASDAQ:AMAT) Holdings Raised by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC raised its stake in Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 2.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,641 shares of the manufacturing equipment provider’s stock after acquiring an additional 205 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Applied Materials were worth $1,544,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of AMAT. Swedbank AB purchased a new stake in Applied Materials in the first quarter worth about $773,611,000. Wellington Management Group LLP raised its stake in Applied Materials by 3,940.1% during the 4th quarter. Wellington Management Group LLP now owns 2,175,766 shares of the manufacturing equipment provider’s stock valued at $352,626,000. after acquiring an additional 2,121,912 shares in the last quarter. Janus Henderson Group PLC raised its stake in Applied Materials by 126.4% in the first quarter. Janus Henderson Group PLC now owns 2,254,952 shares of the manufacturing equipment provider’s stock valued at $464,974,000 after purchasing an additional 1,259,111 shares during the last quarter. Vanguard Group Inc. raised its stake in Applied Materials by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 74,117,176 shares of the manufacturing equipment provider’s stock valued at $12,012,171,000 after acquiring an additional 973,218 shares in the last quarter. Finally, EdgePoint Investment Group Inc. acquired a new position in Applied Materials in the first quarter valued at approximately $162,873,000. Institutional investors and hedge funds own 80.56% of the company’s shares.

Analysts on Wall Street are forecasting an increase

Several equities analysts have weighed in on AMAT shares. Dbs Bank cut Applied Materials from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 16th. StockNews.com cut Applied Materials from a “buy” rating to a “hold” rating in a research note on Saturday, September 14th. Wells Fargo & Company cut their price target on Applied Materials from $260.00 to $235.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Mizuho cut their price target on Applied Materials from $245.00 to $225.00 and set an “outperform” rating on the stock in a research note on Friday, September 20th. Finally, Stifel Nicolaus cut their price target on shares of Applied Materials from $275.00 to $270.00 and set a “buy” rating for the company in a research note on Friday, August 16th. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Applied Materials presently has a consensus rating of “Moderate Buy” and a consensus price target of $228.90, based on data from MarketBeat.

Check out our latest analysis of applied materials

Trade in applied materials increased by 2.1%

Applied Materials stock opened at $205.06 on Thursday. Applied Materials, Inc. has a 12-month low of $129.21 and a 12-month 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. The company has a 50 day moving average price of $194.46 and a two hundred day moving average price of $209.84. The stock has a market cap of $169.78 billion, a price-to-earnings ratio of 23.57, a price-to-earnings-growth ratio of 2.30 and a beta of 1.54.

Applied Materials (NASDAQ:AMAT – Get Your Free Report ) last announced its earnings results on Thursday, August 15th. The manufacturing equipment provider reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $6.68 billion. In the same quarter last year, the company posted EPS of $1.90. The company’s revenue for the quarter was up 5.5% year-over-year. As a group, equities analysts estimate that Applied Materials, Inc. will post 8.49 EPS for the current year.

Applied Materials Announces Dividend

The company also recently declared 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. The ex-dividend date is Thursday, November 21. This represents an annualized dividend of $1.60 and a yield of 0.78%. Applied Materials’s dividend payout ratio (DPR) is 18.39%.

About applied materials

(Free report)

Applied Materials, Inc is engaged in providing manufacturing equipment, services and software to the semiconductor, display and related industries. The company operates through three segments: Semiconductor Systems, Global Applied Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures and sells various manufacturing equipment that is used to manufacture semiconductor chips or integrated circuits.

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