BB&T Securities LLC increased its position in Applied Materials, Inc. (NASDAQ:AMAT) by 3.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,099 shares of the manufacturing equipment provider’s stock after acquiring an additional 2,642 shares during the quarter. BB&T Securities LLC’s holdings in Applied Materials were worth $3,422,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Victory Capital Management Inc. grew its position in Applied Materials by 22.1% in the 1st quarter. Victory Capital Management Inc. now owns 374,861 shares of the manufacturing equipment provider’s stock worth $20,846,000 after purchasing an additional 67,958 shares during the last quarter. Financial Gravity Wealth Inc. acquired a new stake in Applied Materials in the 1st quarter worth $164,000. Eaton Vance Management grew its position in Applied Materials by 11.4% in the 1st quarter. Eaton Vance Management now owns 188,647 shares of the manufacturing equipment provider’s stock worth $10,491,000 after purchasing an additional 19,246 shares during the last quarter. WESPAC Advisors LLC acquired a new stake in Applied Materials in the 1st quarter worth $669,000. Finally, Rothschild Asset Management Inc. grew its position in Applied Materials by 44.9% in the 1st quarter. Rothschild Asset Management Inc. now owns 365,097 shares of the manufacturing equipment provider’s stock worth $20,303,000 after purchasing an additional 113,112 shares during the last quarter. Hedge funds and other institutional investors own 77.31% of the company’s stock.
AMAT has been the topic of several research analyst reports. BidaskClub lowered shares of Applied Materials from a “buy” rating to a “hold” rating in a research report on Tuesday, June 12th. ValuEngine lowered shares of Applied Materials from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 23rd. Deutsche Bank decreased their price target on shares of Applied Materials from $60.00 to $58.00 and set a “buy” rating on the stock in a research report on Friday, August 17th. Goldman Sachs Group lowered shares of Applied Materials from a “buy” rating to a “neutral” rating in a research report on Friday, May 18th. Finally, Royal Bank of Canada lowered shares of Applied Materials from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $67.73 to $55.00 in a research report on Wednesday, June 13th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $62.26.
Shares of Applied Materials stock opened at $38.89 on Friday. The company has a current ratio of 2.52, a quick ratio of 1.67 and a debt-to-equity ratio of 0.78. Applied Materials, Inc. has a twelve month low of $37.39 and a twelve month high of $62.40. The stock has a market cap of $38.51 billion, a PE ratio of 11.97, a price-to-earnings-growth ratio of 0.69 and a beta of 1.53.
Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, August 16th. The manufacturing equipment provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.03. Applied Materials had a net margin of 19.87% and a return on equity of 58.23%. The business had revenue of $4.47 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same period in the previous year, the business earned $0.86 EPS. The firm’s revenue was up 19.3% on a year-over-year basis. research analysts forecast that Applied Materials, Inc. will post 4.45 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Friday, November 23rd will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, November 21st. This represents a $0.80 annualized dividend and a dividend yield of 2.06%. Applied Materials’s dividend payout ratio (DPR) is currently 24.62%.
Applied Materials Profile
Applied Materials, Inc provides manufacturing equipment, services, and software to the semiconductor, display, and related industries worldwide. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells a range of manufacturing equipment used to fabricate semiconductor chips or integrated circuits.
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