Reilly Financial Advisors LLC boosted its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 8.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 205,672 shares of the manufacturing equipment provider’s stock after buying an additional 16,459 shares during the period. Reilly Financial Advisors LLC’s holdings in Applied Materials were worth $7,949,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. 180 Wealth Advisors LLC boosted its stake in shares of Applied Materials by 8.5% in the 2nd quarter. 180 Wealth Advisors LLC now owns 12,761 shares of the manufacturing equipment provider’s stock valued at $589,000 after purchasing an additional 1,001 shares in the last quarter. Cadence Capital Management LLC boosted its position in Applied Materials by 17.9% during the 2nd quarter. Cadence Capital Management LLC now owns 6,702 shares of the manufacturing equipment provider’s stock worth $310,000 after buying an additional 1,018 shares during the period. Cornerstone Advisors Inc. boosted its position in Applied Materials by 25.2% during the 2nd quarter. Cornerstone Advisors Inc. now owns 5,152 shares of the manufacturing equipment provider’s stock worth $238,000 after buying an additional 1,037 shares during the period. Elite Wealth Management Inc. boosted its position in Applied Materials by 8.4% during the 2nd quarter. Elite Wealth Management Inc. now owns 13,901 shares of the manufacturing equipment provider’s stock worth $642,000 after buying an additional 1,081 shares during the period. Finally, Parallel Advisors LLC boosted its position in Applied Materials by 30.5% during the 2nd quarter. Parallel Advisors LLC now owns 4,657 shares of the manufacturing equipment provider’s stock worth $215,000 after buying an additional 1,088 shares during the period. Hedge funds and other institutional investors own 77.31% of the company’s stock.

Several research firms recently commented on AMAT. Morgan Stanley downgraded shares of Applied Materials from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $58.00 to $54.00 in a research report on Thursday, August 9th. B. Riley cut their target price on shares of Applied Materials from $70.00 to $63.00 and set a “buy” rating on the stock in a research report on Friday, August 17th. Wells Fargo & Co lowered their price target on shares of Applied Materials from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Friday, August 17th. Citigroup lowered their price target on shares of Applied Materials from $73.00 to $68.00 and set a “buy” rating for the company in a report on Friday, August 17th. Finally, Royal Bank of Canada restated a “hold” rating and set a $50.00 price target on shares of Applied Materials in a report on Friday, August 17th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $61.95.

Shares of NASDAQ:AMAT traded up $0.23 during mid-day trading on Friday, hitting $34.15. The company had a trading volume of 815,467 shares, compared to its average volume of 13,271,577. The firm has a market capitalization of $34.37 billion, a P/E ratio of 10.70, a P/E/G ratio of 0.91 and a beta of 1.49. The company has a quick ratio of 1.67, a current ratio of 2.52 and a debt-to-equity ratio of 0.78. Applied Materials, Inc. has a one year low of $32.78 and a one year high of $62.40.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings data on Thursday, August 16th. The manufacturing equipment provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.03. The company had revenue of $4.47 billion during the quarter, compared to analyst estimates of $4.42 billion. Applied Materials had a net margin of 19.87% and a return on equity of 58.23%. Applied Materials’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.86 EPS. On average, analysts anticipate that Applied Materials, Inc. will post 4.45 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Friday, November 23rd will be paid 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 2.34%. Applied Materials’s dividend payout ratio is currently 24.62%.

Applied Materials Company Profile

Applied Materials, Inc provides manufacturing equipment, services, and software to the semiconductor, display, and related industries worldwide. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells a range of manufacturing equipment used to fabricate semiconductor chips or integrated circuits.

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

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