Dynamic Advisor Solutions LLC Buys 407 Shares of Applied Materials, Inc. (NASDAQ:AMAT)

Dynamic Advisor Solutions LLC boosted its stake in Applied Materials, Inc. (NASDAQ:AMATFree Report) by 5.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,048 shares of the manufacturing equipment provider’s stock after acquiring an additional 407 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Applied Materials were worth $1,309,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dark Forest Capital Management LP acquired a new stake in Applied Materials in the 2nd quarter valued at approximately $245,000. Lighthouse Investment Partners LLC bought a new position in shares of Applied Materials during the 2nd quarter worth approximately $2,006,000. SkyView Investment Advisors LLC raised its holdings in shares of Applied Materials by 11.8% in the second quarter. SkyView Investment Advisors LLC now owns 3,613 shares of the manufacturing equipment provider’s stock valued at $853,000 after purchasing an additional 381 shares during the last quarter. Ascent Group LLC lifted its position in shares of Applied Materials by 140.6% in the second quarter. Ascent Group LLC now owns 5,553 shares of the manufacturing equipment provider’s stock worth $1,310,000 after purchasing an additional 3,245 shares in the last quarter. Finally, Magnolia Capital Advisors LLC acquired a new position in Applied Materials during the second quarter worth $362,000. 80.56% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on AMAT shares. Barclays lowered their price target on shares of Applied Materials from $225.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Susquehanna upped their target price on Applied Materials from $155.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Needham & Company LLC decreased their price target on Applied Materials from $240.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, November 15th. The Goldman Sachs Group dropped their price objective on Applied Materials from $230.00 to $202.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Finally, Morgan Stanley reissued an “underweight” rating and issued a $164.00 target price (down from $179.00) on shares of Applied Materials in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $218.71.

View Our Latest Research Report on AMAT

Applied Materials Stock Down 2.1 %

AMAT opened at $186.75 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.87 and a current ratio of 2.51. The stock has a fifty day moving average of $174.00 and a 200-day moving average of $189.07. Applied Materials, Inc. has a fifty-two week low of $158.96 and a fifty-two week high of $255.89. The company has a market capitalization of $151.95 billion, a P/E ratio of 21.69, a P/E/G ratio of 1.99 and a beta of 1.53.

Applied Materials (NASDAQ:AMATGet Free Report) last posted its quarterly earnings data on Thursday, November 14th. The manufacturing equipment provider reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.19 by $0.13. Applied Materials had a net margin of 26.41% and a return on equity of 39.26%. The firm had revenue of $7.05 billion during the quarter, compared to the consensus estimate of $6.96 billion. During the same quarter in the previous year, the firm posted $2.12 EPS. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, equities analysts expect that Applied Materials, Inc. will post 9.38 EPS for the current 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 issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $1.60 annualized dividend and a yield of 0.86%. Applied Materials’s dividend payout ratio is presently 18.58%.

Applied Materials Profile

(Free Report)

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

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