Applied Materials, Inc. (NASDAQ:AMAT) Shares Bought by Martingale Asset Management L P

Martingale Asset Management L P boosted its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 1.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,229 shares of the manufacturing equipment provider’s stock after buying an additional 738 shares during the period. Martingale Asset Management L P’s holdings in Applied Materials were worth $11,563,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in AMAT. FMR LLC increased its holdings in shares of Applied Materials by 5.5% in the third quarter. FMR LLC now owns 16,413,112 shares of the manufacturing equipment provider’s stock valued at $3,316,269,000 after purchasing an additional 858,122 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Applied Materials by 3.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,861,933 shares of the manufacturing equipment provider’s stock valued at $1,790,554,000 after purchasing an additional 318,445 shares during the period. Van ECK Associates Corp increased its holdings in shares of Applied Materials by 29.8% in the third quarter. Van ECK Associates Corp now owns 6,571,178 shares of the manufacturing equipment provider’s stock valued at $1,327,707,000 after purchasing an additional 1,509,439 shares during the period. American Century Companies Inc. increased its holdings in shares of Applied Materials by 1.6% in the second quarter. American Century Companies Inc. now owns 5,084,186 shares of the manufacturing equipment provider’s stock valued at $1,199,817,000 after purchasing an additional 81,151 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Applied Materials by 1.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,679,355 shares of the manufacturing equipment provider’s stock valued at $945,464,000 after purchasing an additional 44,928 shares during the period. Institutional investors and hedge funds own 80.56% of the company’s stock.

Applied Materials Stock Up 2.0 %

AMAT opened at $174.71 on Friday. The business’s fifty day moving average is $188.11 and its two-hundred day moving average is $204.54. 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 company has a market cap of $144.03 billion, a price-to-earnings ratio of 20.29, a PEG ratio of 1.61 and a beta of 1.56. Applied Materials, Inc. has a one year low of $144.57 and a one year high of $255.89.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings data on Thursday, November 14th. The manufacturing equipment provider reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.19 by $0.13. Applied Materials had a return on equity of 39.26% and a net margin of 26.41%. The business had revenue of $7.05 billion for the quarter, compared to the consensus estimate of $6.96 billion. During the same period in the prior year, the business earned $2.12 earnings per share. The business’s revenue was up 4.8% on a year-over-year basis. Analysts anticipate that Applied Materials, Inc. will post 9.5 EPS for the current fiscal year.

Applied Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a $0.40 dividend. The ex-dividend date is Thursday, November 21st. This represents a $1.60 annualized dividend and a dividend yield of 0.92%. Applied Materials’s dividend payout ratio is currently 18.58%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AMAT. Susquehanna dropped their target price on Applied Materials from $190.00 to $170.00 and set a “neutral” rating on the stock in a report on Monday, November 11th. Stifel Nicolaus dropped their target price on Applied Materials from $270.00 to $250.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. UBS Group dropped their target price on Applied Materials from $220.00 to $210.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. TD Cowen decreased their price target on Applied Materials from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Finally, Evercore ISI decreased their price target on Applied Materials from $260.00 to $250.00 and set an “outperform” rating on the stock in a research note on Friday, November 15th. Eight equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $221.48.

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.