Jupiter Asset Management Ltd. lifted its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 1.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 206,706 shares of the manufacturing equipment provider’s stock after purchasing an additional 3,619 shares during the period. Jupiter Asset Management Ltd.’s holdings in Applied Materials were worth $7,989,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Kaizen Advisory LLC boosted its holdings in shares of Applied Materials by 147.4% in the second quarter. Kaizen Advisory LLC now owns 2,561 shares of the manufacturing equipment provider’s stock worth $118,000 after buying an additional 1,526 shares during the period. Rational Advisors LLC boosted its holdings in shares of Applied Materials by 5,102.0% in the second quarter. Rational Advisors LLC now owns 2,601 shares of the manufacturing equipment provider’s stock worth $120,000 after buying an additional 2,551 shares during the period. AdvisorNet Financial Inc boosted its holdings in shares of Applied Materials by 127.1% in the second quarter. AdvisorNet Financial Inc now owns 3,054 shares of the manufacturing equipment provider’s stock worth $141,000 after buying an additional 1,709 shares during the period. Whittier Trust Co. boosted its holdings in shares of Applied Materials by 24.3% in the second quarter. Whittier Trust Co. now owns 6,281 shares of the manufacturing equipment provider’s stock worth $142,000 after buying an additional 1,228 shares during the period. Finally, ELM Advisors LLC acquired a new position in shares of Applied Materials in the third quarter worth about $157,000. 78.74% of the stock is currently owned by institutional investors.

Several brokerages have commented on AMAT. Morgan Stanley cut shares of Applied Materials from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $58.00 to $54.00 in a report on Thursday, August 9th. B. Riley decreased their target price 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. Imperial Capital decreased their target price on shares of Applied Materials from $62.00 to $47.00 and set an “outperform” rating for the company in a report on Tuesday. Cowen decreased their price target on shares of Applied Materials from $62.00 to $47.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, Wells Fargo & Co decreased their price target 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. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Applied Materials currently has a consensus rating of “Buy” and an average price target of $52.14.

AMAT stock opened at $34.42 on Tuesday. The company has a quick ratio of 1.73, a current ratio of 2.64 and a debt-to-equity ratio of 0.78. The company has a market cap of $34.80 billion, a P/E ratio of 7.73, a P/E/G ratio of 0.99 and a beta of 1.60. Applied Materials, Inc. has a 52 week low of $30.53 and a 52 week high of $62.40.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings data on Thursday, November 15th. The manufacturing equipment provider reported $0.97 earnings per share for the quarter, meeting the consensus estimate of $0.97. The firm had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4 billion. Applied Materials had a net margin of 19.20% and a return on equity of 62.56%. As a group, analysts anticipate that Applied Materials, Inc. will post 4.18 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Friday, November 23rd will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Wednesday, November 21st. Applied Materials’s payout ratio is presently 17.98%.

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Applied Materials Company Profile

Applied Materials, Inc engages in the provision of materials engineering solutions used to produce new chip and advanced display. It operates through the following segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment includes semiconductor capital equipment for deposition, etch, ion implantation, rapid thermal processing, chemical mechanical planarization, metrology and inspection, and wafer level packaging.

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

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