Private Capital Advisors Inc. Has $3.26 Million Holdings in Applied Materials, Inc. (AMAT)

Private Capital Advisors Inc. boosted its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 17.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 62,535 shares of the manufacturing equipment provider’s stock after buying an additional 9,489 shares during the period. Private Capital Advisors Inc.’s holdings in Applied Materials were worth $3,257,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of AMAT. American Century Companies Inc. increased its stake in Applied Materials by 25.8% in the 2nd quarter. American Century Companies Inc. now owns 13,874,509 shares of the manufacturing equipment provider’s stock worth $640,864,000 after buying an additional 2,844,738 shares in the last quarter. Lansdowne Partners UK LLP boosted its holdings in shares of Applied Materials by 84.5% during the 2nd quarter. Lansdowne Partners UK LLP now owns 5,059,866 shares of the manufacturing equipment provider’s stock valued at $233,714,000 after purchasing an additional 2,316,763 shares during the last quarter. Fred Alger Management Inc. boosted its holdings in shares of Applied Materials by 34.4% during the 2nd quarter. Fred Alger Management Inc. now owns 6,835,353 shares of the manufacturing equipment provider’s stock valued at $315,725,000 after purchasing an additional 1,751,306 shares during the last quarter. Swedbank boosted its holdings in shares of Applied Materials by 41.6% during the 3rd quarter. Swedbank now owns 5,130,548 shares of the manufacturing equipment provider’s stock valued at $198,296,000 after purchasing an additional 1,506,568 shares during the last quarter. Finally, LSV Asset Management boosted its holdings in shares of Applied Materials by 14.7% during the 2nd quarter. LSV Asset Management now owns 7,760,130 shares of the manufacturing equipment provider’s stock valued at $358,440,000 after purchasing an additional 996,084 shares during the last quarter. Institutional investors and hedge funds own 77.21% of the company’s stock.

Shares of NASDAQ:AMAT traded up $0.90 during trading on Friday, reaching $33.69. The company’s stock had a trading volume of 16,536,900 shares, compared to its average volume of 13,679,973. 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 12 month low of $32.78 and a 12 month high of $62.40. The company has a market cap of $37.99 billion, a price-to-earnings ratio of 10.36, a PEG ratio of 0.79 and a beta of 1.49.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings results on Thursday, August 16th. The manufacturing equipment provider reported $1.20 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $4.47 billion during the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter last year, the firm earned $0.86 EPS. The firm’s revenue for the quarter was up 19.3% compared to the same quarter last year. As a group, equities analysts forecast that Applied Materials, Inc. will post 4.45 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Friday, November 23rd will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend is Wednesday, November 21st. Applied Materials’s payout ratio is 24.62%.

Several research firms have commented on AMAT. Morgan Stanley downgraded shares of Applied Materials from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $58.00 to $54.00 in a report on Thursday, August 9th. B. Riley dropped their price objective on shares of Applied Materials from $70.00 to $63.00 and set a “buy” rating for the company in a report on Friday, August 17th. Wells Fargo & Co dropped their price objective on shares of Applied Materials from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Friday, August 17th. Citigroup dropped their price objective on shares of Applied Materials from $73.00 to $68.00 and set a “buy” rating for the company in a report on Friday, August 17th. Finally, Royal Bank of Canada reissued a “hold” rating and set a $50.00 price objective on shares of Applied Materials in a report on Friday, August 17th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $61.95.

About Applied Materials

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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Institutional Ownership by Quarter for Applied Materials (NASDAQ:AMAT)

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