Applied Materials, Inc. (NASDAQ:AMAT) Holdings Decreased by Silicon Valley Capital Partners

Silicon Valley Capital Partners cut its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 32.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 507 shares of the manufacturing equipment provider’s stock after selling 249 shares during the quarter. Silicon Valley Capital Partners’ holdings in Applied Materials were worth $102,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Summit Securities Group LLC bought a new position in Applied Materials during the 2nd quarter worth $26,000. Fairfield Financial Advisors LTD acquired a new stake in shares of Applied Materials in the second quarter valued at approximately $28,000. Clean Yield Group acquired a new position in shares of Applied Materials during the third quarter worth approximately $33,000. First PREMIER Bank grew its holdings in Applied Materials by 326.3% in the 3rd quarter. First PREMIER Bank now owns 162 shares of the manufacturing equipment provider’s stock worth $33,000 after buying an additional 124 shares in the last quarter. Finally, Mark Sheptoff Financial Planning LLC acquired a new stake in Applied Materials in the 1st quarter valued at approximately $35,000. Institutional investors and hedge funds own 80.56% of the company’s stock.

Analyst Ratings Changes

AMAT has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their price objective on shares of Applied Materials from $260.00 to $235.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. StockNews.com lowered shares of Applied Materials from a “buy” rating to a “hold” rating in a research note on Saturday, September 14th. Citigroup lowered their price objective on shares of Applied Materials from $240.00 to $217.00 and set a “buy” rating on the stock in a research note on Monday, September 16th. UBS Group cut their target price on Applied Materials from $220.00 to $210.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. Finally, JPMorgan Chase & Co. lifted their price target on Applied Materials from $240.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Eight analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $229.14.

Applied Materials Stock Down 1.0 %

Applied Materials stock opened at $181.61 on Monday. Applied Materials, Inc. has a twelve month low of $139.21 and a twelve month high of $255.89. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.09 and a current ratio of 2.86. The firm has a market cap of $149.72 billion, a PE ratio of 20.60, a P/E/G ratio of 2.48 and a beta of 1.56. The firm’s 50 day moving average price is $191.65 and its two-hundred day moving average price is $207.63.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings results on Thursday, August 15th. The manufacturing equipment provider reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.10. The business had revenue of $6.78 billion for the quarter, compared to the consensus estimate of $6.68 billion. Applied Materials had a net margin of 27.74% and a return on equity of 39.99%. Applied Materials’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.90 earnings per share. On average, research analysts predict that Applied Materials, Inc. will post 8.51 EPS for the current fiscal 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 paid a $0.40 dividend. The ex-dividend date is Thursday, November 21st. This represents a $1.60 annualized dividend and a dividend yield of 0.88%. Applied Materials’s payout ratio is 17.98%.

Applied Materials Company Profile

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.