HPM Partners LLC Buys 4,021 Shares of Applied Materials, Inc. (AMAT)

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HPM Partners LLC boosted its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 17.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 26,520 shares of the manufacturing equipment provider’s stock after acquiring an additional 4,021 shares during the period. HPM Partners LLC’s holdings in Applied Materials were worth $1,025,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. First Allied Advisory Services Inc. increased its holdings in shares of Applied Materials by 5.0% in the 2nd quarter. First Allied Advisory Services Inc. now owns 41,774 shares of the manufacturing equipment provider’s stock valued at $1,920,000 after acquiring an additional 1,978 shares during the last quarter. FDx Advisors Inc. increased its holdings in shares of Applied Materials by 34.8% in the 2nd quarter. FDx Advisors Inc. now owns 18,970 shares of the manufacturing equipment provider’s stock valued at $876,000 after acquiring an additional 4,894 shares during the last quarter. Swiss National Bank boosted its position in shares of Applied Materials by 1.6% in the 2nd quarter. Swiss National Bank now owns 3,477,622 shares of the manufacturing equipment provider’s stock valued at $160,631,000 after purchasing an additional 55,900 shares during the period. Martingale Asset Management L P boosted its position in shares of Applied Materials by 7.3% in the 2nd quarter. Martingale Asset Management L P now owns 141,641 shares of the manufacturing equipment provider’s stock valued at $6,543,000 after purchasing an additional 9,625 shares during the period. Finally, GSA Capital Partners LLP boosted its position in shares of Applied Materials by 107.9% in the 2nd quarter. GSA Capital Partners LLP now owns 61,219 shares of the manufacturing equipment provider’s stock valued at $2,828,000 after purchasing an additional 31,769 shares during the period. Institutional investors own 76.20% of the company’s stock.

Applied Materials stock opened at $33.28 on Wednesday. Applied Materials, Inc. has a twelve month low of $30.53 and a twelve month high of $62.40. The company has a quick ratio of 1.73, a current ratio of 2.64 and a debt-to-equity ratio of 0.78. The company has a market cap of $31.32 billion, a price-to-earnings ratio of 7.48, a P/E/G ratio of 1.07 and a beta of 1.66.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings data on Thursday, November 15th. The manufacturing equipment provider reported $0.97 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.97. Applied Materials had a return on equity of 62.56% and a net margin of 19.20%. The company had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4 billion. As a group, research analysts forecast that Applied Materials, Inc. will post 3.54 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 14th. Shareholders of record on Thursday, February 21st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, February 20th. This represents a $0.80 dividend on an annualized basis and a yield of 2.40%. Applied Materials’s payout ratio is 17.98%.

AMAT has been the subject of a number of research analyst reports. Bank of America cut Applied Materials from a “buy” rating to a “neutral” rating and set a $65.00 target price for the company. in a research report on Tuesday, August 28th. Citigroup decreased their target price on Applied Materials from $68.00 to $57.00 and set a “buy” rating for the company in a research report on Tuesday, September 25th. ValuEngine cut Applied Materials from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 23rd. Deutsche Bank reissued a “hold” rating and issued a $43.00 target price (down from $58.00) on shares of Applied Materials in a research report on Monday, October 1st. Finally, BidaskClub cut Applied Materials from a “sell” rating to a “strong sell” rating in a research report on Tuesday, September 11th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $52.14.

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About Applied Materials

Applied Materials, Inc engages in the provision of materials engineering solutions used to produce new chip and advanced display. It operates through the following segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment includes semiconductor capital equipment for deposition, etch, ion implantation, rapid thermal processing, chemical mechanical planarization, metrology and inspection, and wafer level packaging.

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

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