Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 17.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,630 shares of the manufacturing equipment provider’s stock after buying an additional 1,300 shares during the quarter. Applied Materials makes up about 2.1% of Mitsubishi UFJ Securities Holdings Co. Ltd.’s investment portfolio, making the stock its 10th largest position. Mitsubishi UFJ Securities Holdings Co. Ltd.’s holdings in Applied Materials were worth $450,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Barrett Asset Management LLC boosted its stake in Applied Materials by 28.4% in the third quarter. Barrett Asset Management LLC now owns 5,790 shares of the manufacturing equipment provider’s stock worth $302,000 after purchasing an additional 1,280 shares in the last quarter. ING Groep NV boosted its stake in Applied Materials by 4.3% in the third quarter. ING Groep NV now owns 769,300 shares of the manufacturing equipment provider’s stock worth $40,073,000 after purchasing an additional 31,952 shares in the last quarter. Icon Advisers Inc. Co. boosted its stake in Applied Materials by 14.5% in the third quarter. Icon Advisers Inc. Co. now owns 106,100 shares of the manufacturing equipment provider’s stock worth $5,527,000 after purchasing an additional 13,400 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Applied Materials by 11.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 480,681 shares of the manufacturing equipment provider’s stock worth $25,039,000 after purchasing an additional 48,018 shares in the last quarter. Finally, Brighton Jones LLC boosted its stake in Applied Materials by 60.2% in the third quarter. Brighton Jones LLC now owns 8,359 shares of the manufacturing equipment provider’s stock worth $435,000 after purchasing an additional 3,141 shares in the last quarter. 78.79% of the stock is currently owned by institutional investors and hedge funds.

Shares of Applied Materials, Inc. (NASDAQ:AMAT) traded down $1.02 on Thursday, hitting $57.68. The stock had a trading volume of 8,283,435 shares, compared to its average volume of 9,879,880. The company has a quick ratio of 2.43, a current ratio of 3.14 and a debt-to-equity ratio of 0.57. Applied Materials, Inc. has a twelve month low of $29.85 and a twelve month high of $60.89. The firm has a market capitalization of $62,709.43, a price-to-earnings ratio of 18.09, a PEG ratio of 1.13 and a beta of 1.85.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results on Thursday, November 16th. The manufacturing equipment provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.02. The business had revenue of $3.97 billion for the quarter, compared to analyst estimates of $3.93 billion. Applied Materials had a return on equity of 41.51% and a net margin of 23.62%. The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.66 earnings per share. equities analysts predict that Applied Materials, Inc. will post 3.93 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Friday, November 24th will be issued a $0.10 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $0.40 dividend on an annualized basis and a yield of 0.69%. Applied Materials’s dividend payout ratio is presently 12.62%.

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In related news, VP Thomas F. Larkins sold 30,000 shares of the company’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $51.24, for a total value of $1,537,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.31% of the company’s stock.

A number of research firms have commented on AMAT. Zacks Investment Research lowered Applied Materials from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. Morgan Stanley reissued an “overweight” rating and issued a $52.00 price objective on shares of Applied Materials in a research note on Monday, August 14th. B. Riley reissued a “buy” rating and issued a $61.00 price objective on shares of Applied Materials in a research note on Saturday, August 19th. Vetr raised Applied Materials from a “hold” rating to a “buy” rating and set a $60.07 price objective on the stock in a research note on Monday. Finally, BidaskClub lowered Applied Materials from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. Three investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. Applied Materials currently has a consensus rating of “Buy” and a consensus target price of $60.83.

About Applied Materials

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

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