Applied Materials, Inc. (NASDAQ:AMAT) Stock Holdings Lifted by Continuum Advisory LLC

Continuum Advisory LLC lifted its holdings in Applied Materials, Inc. (NASDAQ:AMATGet Rating) by 24.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,344 shares of the manufacturing equipment provider’s stock after purchasing an additional 1,045 shares during the period. Continuum Advisory LLC’s holdings in Applied Materials were worth $841,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Eagle Capital Management LLC bought a new stake in Applied Materials in the 2nd quarter valued at about $4,052,000. Morgan Stanley lifted its position in Applied Materials by 36.1% in the 2nd quarter. Morgan Stanley now owns 5,498,783 shares of the manufacturing equipment provider’s stock valued at $783,027,000 after purchasing an additional 1,458,640 shares during the last quarter. Assetmark Inc. lifted its position in Applied Materials by 11.2% in the 3rd quarter. Assetmark Inc. now owns 9,167 shares of the manufacturing equipment provider’s stock valued at $1,180,000 after purchasing an additional 926 shares during the last quarter. Chiron Investment Management LLC bought a new stake in Applied Materials in the 3rd quarter valued at about $234,000. Finally, Laird Norton Trust Company LLC lifted its position in Applied Materials by 43.1% in the 3rd quarter. Laird Norton Trust Company LLC now owns 2,146 shares of the manufacturing equipment provider’s stock valued at $276,000 after purchasing an additional 646 shares during the last quarter. Institutional investors own 77.90% of the company’s stock.

Applied Materials stock opened at $119.48 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.51 and a quick ratio of 1.78. The company has a market capitalization of $105.55 billion, a price-to-earnings ratio of 15.93, a PEG ratio of 1.37 and a beta of 1.44. Applied Materials, Inc. has a one year low of $101.33 and a one year high of $167.06. The company’s fifty day moving average price is $117.92 and its two-hundred day moving average price is $134.93.

Applied Materials (NASDAQ:AMATGet Rating) last posted its earnings results on Thursday, May 19th. The manufacturing equipment provider reported $1.85 EPS for the quarter, missing the consensus estimate of $1.90 by ($0.05). The business had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.35 billion. Applied Materials had a return on equity of 56.59% and a net margin of 27.20%. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.63 earnings per share. As a group, sell-side analysts anticipate that Applied Materials, Inc. will post 8.02 earnings per share for the current year.

Applied Materials announced that its board has authorized a stock buyback plan on Friday, March 11th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the manufacturing equipment provider to reacquire up to 5.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 16th. Investors of record on Thursday, May 26th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Wednesday, May 25th. This is a boost from Applied Materials’s previous quarterly dividend of $0.24. Applied Materials’s dividend payout ratio (DPR) is presently 13.87%.

AMAT has been the topic of several research analyst reports. Stifel Nicolaus raised their target price on shares of Applied Materials from $190.00 to $197.00 in a research note on Thursday, April 7th. Piper Sandler lowered their target price on shares of Applied Materials from $153.00 to $132.00 and set a “neutral” rating on the stock in a research note on Friday, May 20th. Craig Hallum lowered their target price on shares of Applied Materials from $170.00 to $145.00 and set a “buy” rating on the stock in a research note on Friday, May 20th. Susquehanna reissued a “hold” rating and set a $160.00 target price on shares of Applied Materials in a research note on Monday, February 14th. Finally, The Goldman Sachs Group lowered their target price on shares of Applied Materials from $151.00 to $133.00 and set a “buy” rating on the stock in a research note on Monday, May 23rd. Nine analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $155.00.

About Applied Materials (Get Rating)

Applied Materials, Inc provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It 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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