2,009 Shares in Applied Materials, Inc. $AMAT Acquired by Thompson Davis & CO. Inc.

Thompson Davis & CO. Inc. purchased a new position in Applied Materials, Inc. (NASDAQ:AMAT) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,009 shares of the manufacturing equipment provider’s stock, valued at approximately $368,000.

Several other institutional investors have also modified their holdings of AMAT. Brighton Jones LLC grew its stake in Applied Materials by 28.0% during the 4th quarter. Brighton Jones LLC now owns 12,674 shares of the manufacturing equipment provider’s stock worth $2,061,000 after buying an additional 2,771 shares during the last quarter. Edgestream Partners L.P. increased its holdings in shares of Applied Materials by 155.8% in the 1st quarter. Edgestream Partners L.P. now owns 13,098 shares of the manufacturing equipment provider’s stock valued at $1,901,000 after acquiring an additional 7,978 shares during the period. Massachusetts Financial Services Co. MA raised its position in Applied Materials by 2.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 794,431 shares of the manufacturing equipment provider’s stock valued at $115,288,000 after purchasing an additional 16,839 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in Applied Materials by 30.7% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 6,108 shares of the manufacturing equipment provider’s stock worth $886,000 after purchasing an additional 1,436 shares during the period. Finally, Sage Mountain Advisors LLC raised its stake in Applied Materials by 35.8% during the 1st quarter. Sage Mountain Advisors LLC now owns 5,723 shares of the manufacturing equipment provider’s stock valued at $831,000 after acquiring an additional 1,509 shares during the last quarter. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Analysts Set New Price Targets

AMAT has been the topic of several recent research reports. Mizuho boosted their price objective on shares of Applied Materials from $175.00 to $215.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Applied Materials from $200.00 to $170.00 and set a “hold” rating for the company in a research note on Friday, August 15th. Wolfe Research dropped their target price on shares of Applied Materials from $230.00 to $200.00 and set an “outperform” rating for the company in a report on Friday, August 15th. The Goldman Sachs Group boosted their price target on Applied Materials from $215.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Finally, Daiwa Capital Markets reiterated a “neutral” rating and set a $170.00 target price (down from $185.00) on shares of Applied Materials in a research report on Wednesday, August 20th. Eighteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Applied Materials has an average rating of “Moderate Buy” and an average target price of $212.31.

Applied Materials Trading Down 1.8%

AMAT stock opened at $226.60 on Thursday. The company has a quick ratio of 1.76, a current ratio of 2.50 and a debt-to-equity ratio of 0.28. The company has a market cap of $180.52 billion, a price-to-earnings ratio of 27.17, a PEG ratio of 2.95 and a beta of 1.84. The business has a fifty day simple moving average of $209.71 and a 200-day simple moving average of $186.02. Applied Materials, Inc. has a 52 week low of $123.74 and a 52 week high of $242.50.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.36 by $0.12. The firm had revenue of $7.30 billion during the quarter, compared to the consensus estimate of $7.21 billion. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.12 earnings per share. On average, equities research analysts expect that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 0.8%. The ex-dividend date is Thursday, November 20th. Applied Materials’s dividend payout ratio is currently 21.93%.

About Applied Materials

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.