Applied Materials, Inc. (NASDAQ:AMAT) Shares Sold by Capital Advisors Inc. OK

Capital Advisors Inc. OK cut its position in Applied Materials, Inc. (NASDAQ:AMAT) by 18.6% during the third quarter, Holdings Channel reports. The firm owned 280,954 shares of the manufacturing equipment provider’s stock after selling 63,988 shares during the period. Applied Materials makes up approximately 1.1% of Capital Advisors Inc. OK’s portfolio, making the stock its 27th largest position. Capital Advisors Inc. OK’s holdings in Applied Materials were worth $56,767,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AMAT. Private Advisor Group LLC raised its position in Applied Materials by 7.1% during the first quarter. Private Advisor Group LLC now owns 34,318 shares of the manufacturing equipment provider’s stock worth $7,077,000 after acquiring an additional 2,285 shares during the period. Diversify Advisory Services LLC acquired a new position in Applied Materials during the first quarter worth $699,000. Janney Montgomery Scott LLC increased its stake in shares of Applied Materials by 7.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 198,498 shares of the manufacturing equipment provider’s stock worth $40,936,000 after acquiring an additional 14,332 shares during the last quarter. Resonant Capital Advisors LLC purchased a new stake in shares of Applied Materials in the 1st quarter valued at approximately $300,000. Finally, Moloney Securities Asset Management LLC grew its position in Applied Materials by 16.6% in the first quarter. Moloney Securities Asset Management LLC now owns 2,530 shares of the manufacturing equipment provider’s stock worth $522,000 after acquiring an additional 361 shares during the period. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on AMAT shares. Morgan Stanley decreased their price objective on shares of Applied Materials from $224.00 to $185.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 17th. Susquehanna dropped their price target on shares of Applied Materials from $215.00 to $190.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. Mizuho lowered their price target on shares of Applied Materials from $245.00 to $225.00 and set an “outperform” rating for the company in a report on Friday, September 20th. JPMorgan Chase & Co. boosted their target price on shares of Applied Materials from $240.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Applied Materials from $260.00 to $230.00 and set a “hold” rating for the company in a research report on Friday, August 16th. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $229.14.

Applied Materials Price Performance

AMAT opened at $183.38 on Friday. The company has a market capitalization of $151.18 billion, a P/E ratio of 20.60, a PEG ratio of 2.53 and a beta of 1.54. Applied Materials, Inc. has a 1-year low of $136.67 and a 1-year high of $255.89. The company has a 50-day moving average of $191.65 and a 200-day moving average of $207.58. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.09 and a current ratio of 2.86.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data on Thursday, August 15th. The manufacturing equipment provider reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.10. The business had revenue of $6.78 billion during the quarter, compared to the consensus estimate of $6.68 billion. Applied Materials had a net margin of 27.74% and a return on equity of 39.99%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.90 EPS. Equities analysts expect that Applied Materials, Inc. will post 8.51 EPS for the current fiscal year.

Applied Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.60 annualized dividend and a dividend yield of 0.87%. Applied Materials’s payout ratio is 17.98%.

Applied Materials Profile

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.