Certified Advisory Corp lifted its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 59.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,080 shares of the manufacturing equipment provider’s stock after purchasing an additional 404 shares during the period. Certified Advisory Corp’s holdings in Applied Materials were worth $35,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its stake in Applied Materials by 47.3% in the third quarter. Bank of New York Mellon Corp now owns 20,336,220 shares of the manufacturing equipment provider’s stock valued at $785,997,000 after buying an additional 6,531,516 shares during the period. Capital World Investors lifted its stake in Applied Materials by 154.9% in the third quarter. Capital World Investors now owns 18,320,095 shares of the manufacturing equipment provider’s stock valued at $708,072,000 after buying an additional 11,133,180 shares during the period. FMR LLC lifted its stake in Applied Materials by 85.2% in the third quarter. FMR LLC now owns 14,705,625 shares of the manufacturing equipment provider’s stock valued at $568,373,000 after buying an additional 6,766,709 shares during the period. OppenheimerFunds Inc. lifted its stake in Applied Materials by 10.6% in the third quarter. OppenheimerFunds Inc. now owns 8,943,691 shares of the manufacturing equipment provider’s stock valued at $345,672,000 after buying an additional 853,704 shares during the period. Finally, Capital International Investors acquired a new position in Applied Materials in the third quarter valued at approximately $338,188,000. Institutional investors and hedge funds own 79.35% of the company’s stock.
Shares of NASDAQ:AMAT opened at $39.90 on Tuesday. The company has a current ratio of 2.64, a quick ratio of 1.73 and a debt-to-equity ratio of 0.78. Applied Materials, Inc. has a twelve month low of $28.79 and a twelve month high of $62.40. The company has a market cap of $37.91 billion, a PE ratio of 8.97, a PEG ratio of 1.37 and a beta of 1.69.
Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, November 15th. The manufacturing equipment provider reported $0.97 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.97. Applied Materials had a return on equity of 62.56% and a net margin of 19.20%. The company had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4 billion. Equities analysts predict that Applied Materials, Inc. will post 3.37 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 14th. Stockholders of record on Thursday, February 21st will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Wednesday, February 20th. Applied Materials’s payout ratio is 17.98%.
Several equities analysts have issued reports on AMAT shares. Zacks Investment Research lowered Applied Materials from a “hold” rating to a “sell” rating in a research note on Wednesday, October 17th. UBS Group lowered Applied Materials from a “positive” rating to a “neutral” rating in a research note on Tuesday, October 23rd. Susquehanna Bancshares reissued a “neutral” rating and issued a $38.00 price target (down from $60.00) on shares of Applied Materials in a research note on Tuesday, October 23rd. B. Riley lowered Applied Materials from a “buy” rating to a “neutral” rating and dropped their price target for the company from $63.00 to $36.00 in a research note on Monday, October 29th. Finally, BidaskClub raised Applied Materials from a “strong sell” rating to a “sell” rating in a research note on Friday, November 2nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $50.96.
Applied Materials Profile
Applied Materials, Inc provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It 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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