Silver Lake Advisory LLC Grows Position in Applied Materials, Inc. (NASDAQ:AMAT)

Silver Lake Advisory LLC grew its stake in shares of Applied Materials, Inc. (NASDAQ:AMATFree Report) by 2.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,447 shares of the manufacturing equipment provider’s stock after purchasing an additional 632 shares during the period. Applied Materials makes up about 2.8% of Silver Lake Advisory LLC’s holdings, making the stock its 12th largest position. Silver Lake Advisory LLC’s holdings in Applied Materials were worth $4,934,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Global Wealth Management Investment Advisory Inc. raised its holdings in Applied Materials by 76.9% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 230 shares of the manufacturing equipment provider’s stock worth $32,000 after purchasing an additional 100 shares during the last quarter. BluePath Capital Management LLC purchased a new stake in shares of Applied Materials in the 3rd quarter worth about $39,000. L2 Asset Management LLC increased its holdings in Applied Materials by 795.0% during the 3rd quarter. L2 Asset Management LLC now owns 29,606 shares of the manufacturing equipment provider’s stock valued at $41,000 after acquiring an additional 26,298 shares in the last quarter. OFI Invest Asset Management acquired a new stake in shares of Applied Materials in the third quarter valued at approximately $42,000. Finally, Tompkins Financial Corp purchased a new stake in Applied Materials in the 4th quarter valued at approximately $49,000. 80.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft initiated coverage on Applied Materials in a report on Thursday, April 11th. They set a “hold” rating and a $225.00 price objective on the stock. TD Cowen raised their target price on Applied Materials from $185.00 to $245.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Stifel Nicolaus increased their price objective on shares of Applied Materials from $175.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Citigroup boosted their target price on shares of Applied Materials from $170.00 to $211.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Finally, Cantor Fitzgerald raised shares of Applied Materials from a “neutral” rating to an “overweight” rating and raised their price target for the company from $220.00 to $260.00 in a report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $201.50.

Get Our Latest Analysis on AMAT

Applied Materials Stock Performance

Shares of AMAT traded up $2.76 during trading hours on Thursday, reaching $196.75. 1,018,871 shares of the company traded hands, compared to its average volume of 5,992,441. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.91 and a current ratio of 2.71. The stock’s fifty day moving average is $203.79 and its 200 day moving average is $172.95. Applied Materials, Inc. has a 1-year low of $111.72 and a 1-year high of $214.91. The stock has a market cap of $163.48 billion, a P/E ratio of 22.82, a price-to-earnings-growth ratio of 2.97 and a beta of 1.58.

Applied Materials (NASDAQ:AMATGet Free Report) last announced its quarterly earnings data on Thursday, February 15th. The manufacturing equipment provider reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.23. The company had revenue of $6.71 billion during the quarter, compared to the consensus estimate of $6.48 billion. Applied Materials had a return on equity of 43.56% and a net margin of 27.03%. The company’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter last year, the company earned $2.03 EPS. Equities research analysts anticipate that Applied Materials, Inc. will post 8.04 earnings per share for the current fiscal year.

Applied Materials Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 23rd will be paid a $0.40 dividend. This is a positive change from Applied Materials’s previous quarterly dividend of $0.32. This represents a $1.60 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Wednesday, May 22nd. Applied Materials’s dividend payout ratio is currently 15.06%.

About Applied Materials

(Free Report)

Applied Materials, Inc engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is 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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