Campbell & CO Investment Adviser LLC grew its position in Applied Materials, Inc. (NASDAQ:AMAT) by 91.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,014 shares of the manufacturing equipment provider’s stock after purchasing an additional 4,300 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Applied Materials were worth $348,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. 180 Wealth Advisors LLC boosted its holdings in shares of Applied Materials by 8.5% in the second quarter. 180 Wealth Advisors LLC now owns 12,761 shares of the manufacturing equipment provider’s stock valued at $589,000 after acquiring an additional 1,001 shares in the last quarter. Cadence Capital Management LLC boosted its holdings in shares of Applied Materials by 17.9% in the second quarter. Cadence Capital Management LLC now owns 6,702 shares of the manufacturing equipment provider’s stock valued at $310,000 after acquiring an additional 1,018 shares in the last quarter. Elite Wealth Management Inc. boosted its holdings in shares of Applied Materials by 8.4% in the second quarter. Elite Wealth Management Inc. now owns 13,901 shares of the manufacturing equipment provider’s stock valued at $642,000 after acquiring an additional 1,081 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of Applied Materials by 30.5% in the second quarter. Parallel Advisors LLC now owns 4,657 shares of the manufacturing equipment provider’s stock valued at $215,000 after acquiring an additional 1,088 shares in the last quarter. Finally, 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 valued at $142,000 after acquiring an additional 1,228 shares in the last quarter. Hedge funds and other institutional investors own 78.74% of the company’s stock.

AMAT stock opened at $35.40 on Monday. Applied Materials, Inc. has a 12 month low of $30.53 and a 12 month high of $62.40. The company has a market cap of $34.80 billion, a P/E ratio of 7.96, a price-to-earnings-growth ratio of 0.99 and a beta of 1.60. The company has a quick ratio of 1.73, a current ratio of 2.64 and a debt-to-equity ratio of 0.78.

Applied Materials (NASDAQ:AMAT) last released its earnings results on Thursday, November 15th. The manufacturing equipment provider reported $0.97 EPS for the quarter, meeting the consensus estimate of $0.97. Applied Materials had a net margin of 19.20% and a return on equity of 62.56%. The business had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4 billion. Equities analysts predict that Applied Materials, Inc. will post 4.18 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Friday, November 23rd will be given a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, November 21st. This represents a $0.80 annualized dividend and a dividend yield of 2.26%. Applied Materials’s dividend payout ratio (DPR) is presently 17.98%.

AMAT has been the subject of several recent analyst reports. Citigroup decreased their price objective on shares of Applied Materials from $68.00 to $57.00 and set a “buy” rating for the company in a report on Tuesday, September 25th. Zacks Investment Research cut shares of Applied Materials from a “hold” rating to a “sell” rating in a report on Wednesday, October 17th. Royal Bank of Canada reiterated a “hold” rating and issued a $50.00 price objective on shares of Applied Materials in a report on Friday, August 17th. BidaskClub upgraded shares of Applied Materials from a “strong sell” rating to a “sell” rating in a report on Friday, November 2nd. Finally, B. Riley decreased their price objective 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. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $53.10.

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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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