Bronfman E.L. Rothschild L.P. decreased its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 33.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 4,863 shares of the manufacturing equipment provider’s stock after selling 2,404 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in Applied Materials were worth $188,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. 180 Wealth Advisors LLC raised its position in Applied Materials by 8.5% during the 2nd quarter. 180 Wealth Advisors LLC now owns 12,761 shares of the manufacturing equipment provider’s stock worth $589,000 after purchasing an additional 1,001 shares during the last quarter. Cadence Capital Management LLC raised its position in Applied Materials by 17.9% during the 2nd quarter. Cadence Capital Management LLC now owns 6,702 shares of the manufacturing equipment provider’s stock worth $310,000 after purchasing an additional 1,018 shares during the last quarter. Elite Wealth Management Inc. raised its position in Applied Materials by 8.4% during the 2nd quarter. Elite Wealth Management Inc. now owns 13,901 shares of the manufacturing equipment provider’s stock worth $642,000 after purchasing an additional 1,081 shares during the last quarter. Fiduciary Trust Co. raised its position in Applied Materials by 25.5% during the 2nd quarter. Fiduciary Trust Co. now owns 6,248 shares of the manufacturing equipment provider’s stock worth $289,000 after purchasing an additional 1,270 shares during the last quarter. Finally, Monetary Management Group Inc. raised its position in Applied Materials by 4.6% during the 2nd quarter. Monetary Management Group Inc. now owns 29,300 shares of the manufacturing equipment provider’s stock worth $1,353,000 after purchasing an additional 1,300 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors.

AMAT has been the subject of several analyst reports. Bank of America lowered their target price on Applied Materials from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Friday, August 17th. B. Riley lowered their target price on Applied Materials from $70.00 to $63.00 and set a “buy” rating for the company in a research report on Friday, August 17th. Deutsche Bank lowered their target price on Applied Materials from $60.00 to $58.00 and set a “buy” rating for the company in a research report on Friday, August 17th. Citigroup lowered their target price on Applied Materials from $73.00 to $68.00 and set a “buy” rating for the company in a research report on Friday, August 17th. Finally, Stifel Nicolaus lowered their target price on Applied Materials from $75.00 to $70.00 and set a “buy” rating for the company in a research report on Friday, August 17th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Applied Materials currently has an average rating of “Buy” and a consensus target price of $52.14.

AMAT stock opened at $33.64 on Friday. Applied Materials, Inc. has a 1-year low of $30.53 and a 1-year high of $62.40. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.64 and a quick ratio of 1.73. The stock has a market capitalization of $34.10 billion, a PE ratio of 7.80, a price-to-earnings-growth ratio of 1.14 and a beta of 1.66.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings data on Thursday, November 15th. The manufacturing equipment provider reported $0.97 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.97. Applied Materials had a return on equity of 62.56% and a net margin of 19.20%. The firm had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4 billion. Analysts expect that Applied Materials, Inc. will post 3.54 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 14th. Stockholders of record on Thursday, February 21st will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.38%. Applied Materials’s dividend payout ratio (DPR) is presently 17.98%.

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About Applied Materials

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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