Cambridge Investment Research Advisors Inc. increased its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 5.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 82,903 shares of the manufacturing equipment provider’s stock after acquiring an additional 4,164 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Applied Materials were worth $4,318,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMAT. LeJeune Puetz Investment Counsel LLC acquired a new stake in shares of Applied Materials in the third quarter worth approximately $105,000. MPS Loria Financial Planners LLC acquired a new stake in shares of Applied Materials in the second quarter worth approximately $109,000. Wunderlich Capital Managemnt boosted its position in shares of Applied Materials by 2.9% in the second quarter. Wunderlich Capital Managemnt now owns 3,037 shares of the manufacturing equipment provider’s stock worth $125,000 after acquiring an additional 87 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of Applied Materials by 145.4% in the second quarter. Bessemer Group Inc. now owns 3,067 shares of the manufacturing equipment provider’s stock worth $126,000 after acquiring an additional 1,817 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in Applied Materials during the second quarter valued at approximately $134,000. 79.35% of the stock is currently owned by institutional investors and hedge funds.

Applied Materials, Inc. (NASDAQ:AMAT) traded down $0.29 on Friday, hitting $57.55. The stock had a trading volume of 12,434,233 shares, compared to its average volume of 9,786,178. Applied Materials, Inc. has a 12 month low of $29.85 and a 12 month high of $58.00. The company has a quick ratio of 2.25, a current ratio of 2.91 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $61,180.00, a PE ratio of 18.72, a price-to-earnings-growth ratio of 0.88 and a beta of 1.85.

Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, November 16th. The manufacturing equipment provider reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. The business had revenue of $3.97 billion during the quarter, compared to analyst estimates of $3.93 billion. Applied Materials had a return on equity of 40.74% and a net margin of 22.08%. Applied Materials’s revenue was up 20.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.66 earnings per share. equities research analysts anticipate that Applied Materials, Inc. will post 3.22 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Friday, November 24th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.70%. Applied Materials’s payout ratio is 12.62%.

In other Applied Materials news, VP Thomas F. Larkins sold 30,000 shares of the stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $51.24, for a total transaction of $1,537,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Alexander Karsner sold 22,762 shares of the stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $44.03, for a total value of $1,002,210.86. The disclosure for this sale can be found here. Corporate insiders own 0.31% of the company’s stock.

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A number of research analysts have weighed in on the stock. Deutsche Bank AG lifted their price target on shares of Applied Materials from $58.00 to $65.00 and gave the company a “buy” rating in a research report on Friday. Needham & Company LLC lifted their price target on shares of Applied Materials to $66.00 and gave the company a “positive” rating in a research report on Friday. Credit Suisse Group lifted their price target on shares of Applied Materials from $62.00 to $72.00 and gave the company an “outperform” rating in a research report on Friday. Royal Bank Of Canada lifted their price objective on shares of Applied Materials from $55.00 to $64.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Bank of America Corporation lifted their price objective on shares of Applied Materials from $65.00 to $76.00 and gave the company a “buy” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. Applied Materials has a consensus rating of “Buy” and a consensus target price of $58.87.

About Applied Materials

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

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