Blair William & Co. IL increased its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 2.7% during the 3rd quarter, Holdings Channel reports. The fund owned 61,521 shares of the manufacturing equipment provider’s stock after buying an additional 1,642 shares during the quarter. Blair William & Co. IL’s holdings in Applied Materials were worth $2,378,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. 180 Wealth Advisors LLC lifted its stake in 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 buying an additional 1,001 shares in the last quarter. Cadence Capital Management LLC lifted its stake in 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 buying an additional 1,018 shares in the last quarter. Elite Wealth Management Inc. lifted its stake in 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 buying an additional 1,081 shares in the last quarter. Fiduciary Trust Co. lifted its stake in Applied Materials by 25.5% in the second quarter. Fiduciary Trust Co. now owns 6,248 shares of the manufacturing equipment provider’s stock valued at $289,000 after buying an additional 1,270 shares in the last quarter. Finally, Monetary Management Group Inc. lifted its stake in Applied Materials by 4.6% in the second quarter. Monetary Management Group Inc. now owns 29,300 shares of the manufacturing equipment provider’s stock valued at $1,353,000 after buying an additional 1,300 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have weighed in on AMAT shares. Bank of America lowered shares of Applied Materials from a “buy” rating to a “neutral” rating and set a $65.00 price target on the stock. in a research note on Tuesday, August 28th. Morgan Stanley lowered shares of Applied Materials from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $58.00 to $54.00 in a research note on Thursday, August 9th. Citigroup cut their price target on shares of Applied Materials from $68.00 to $57.00 and set a “buy” rating on the stock in a research note on Tuesday, September 25th. ValuEngine lowered shares of Applied Materials from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 23rd. Finally, KeyCorp cut their price target on shares of Applied Materials from $75.00 to $71.00 and set an “overweight” rating on the stock in a research note on Friday, August 17th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Applied Materials presently has a consensus rating of “Buy” and an average target price of $52.14.

Shares of AMAT stock opened at $35.43 on Thursday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.73 and a current ratio of 2.64. The firm has a market capitalization of $36.65 billion, a PE ratio of 7.96, a price-to-earnings-growth ratio of 1.26 and a beta of 1.66. Applied Materials, Inc. has a 12 month low of $30.53 and a 12 month high of $62.40.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data on Thursday, November 15th. The manufacturing equipment provider reported $0.97 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.97. The business 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%. Analysts anticipate that Applied Materials, Inc. will post 3.54 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This piece was first posted by Watch List News and is owned by of Watch List News. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of US & international copyright laws. The correct version of this piece can be read at https://www.watchlistnews.com/applied-materials-inc-amat-position-lifted-by-blair-william-co-il/2663897.html.

Applied Materials 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.

Recommended Story: What is Liquidity?

Want to see what other hedge funds are holding AMAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Applied Materials, Inc. (NASDAQ:AMAT).

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

Receive News & Ratings for Applied Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Materials and related companies with MarketBeat.com's FREE daily email newsletter.