5,178 Shares in Applied Materials, Inc. (NASDAQ:AMAT) Purchased by Partnervest Advisory Services LLC

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Partnervest Advisory Services LLC purchased a new position in Applied Materials, Inc. (NASDAQ:AMAT) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 5,178 shares of the manufacturing equipment provider’s stock, valued at approximately $233,000.

A number of other large investors have also recently bought and sold shares of AMAT. Dimensional Fund Advisors LP raised its position in shares of Applied Materials by 6.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,539,478 shares of the manufacturing equipment provider’s stock worth $115,882,000 after buying an additional 211,654 shares during the period. Geode Capital Management LLC raised its position in shares of Applied Materials by 6.0% in the 4th quarter. Geode Capital Management LLC now owns 14,055,719 shares of the manufacturing equipment provider’s stock worth $459,453,000 after buying an additional 794,347 shares during the period. Pennsylvania Trust Co raised its position in shares of Applied Materials by 61.3% in the 1st quarter. Pennsylvania Trust Co now owns 12,361 shares of the manufacturing equipment provider’s stock worth $490,000 after buying an additional 4,700 shares during the period. BB&T Corp raised its position in shares of Applied Materials by 59.7% in the 1st quarter. BB&T Corp now owns 15,830 shares of the manufacturing equipment provider’s stock worth $627,000 after buying an additional 5,920 shares during the period. Finally, Brinker Capital Inc. raised its position in shares of Applied Materials by 13.5% in the 1st quarter. Brinker Capital Inc. now owns 13,308 shares of the manufacturing equipment provider’s stock worth $528,000 after buying an additional 1,580 shares during the period. Institutional investors and hedge funds own 75.70% of the company’s stock.

NASDAQ AMAT traded down $0.47 on Tuesday, reaching $45.14. The company’s stock had a trading volume of 362,875 shares, compared to its average volume of 8,259,294. The firm has a market cap of $41.68 billion, a PE ratio of 10.16, a price-to-earnings-growth ratio of 3.01 and a beta of 1.68. The business has a 50-day moving average price of $47.44 and a 200 day moving average price of $42.81. Applied Materials, Inc. has a 52 week low of $28.79 and a 52 week high of $52.42. The company has a current ratio of 2.65, a quick ratio of 1.72 and a debt-to-equity ratio of 0.65.

Applied Materials (NASDAQ:AMAT) last announced its earnings results on Thursday, August 15th. The manufacturing equipment provider reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.04. Applied Materials had a net margin of 19.40% and a return on equity of 39.37%. The company had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.53 billion. During the same period in the prior year, the business earned $1.20 earnings per share. Applied Materials’s quarterly revenue was down 14.4% on a year-over-year basis. Analysts anticipate that Applied Materials, Inc. will post 3 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 22nd will be issued a $0.21 dividend. The ex-dividend date is Wednesday, August 21st. This represents a $0.84 annualized dividend and a yield of 1.86%. Applied Materials’s dividend payout ratio (DPR) is presently 18.88%.

AMAT has been the topic of several research reports. DA Davidson lowered Applied Materials from a “buy” rating to a “neutral” rating and cut their target price for the stock from $55.00 to $45.00 in a research report on Monday, July 8th. Citigroup increased their target price on Applied Materials from $48.00 to $54.00 and gave the stock a “buy” rating in a research report on Monday, August 19th. Needham & Company LLC reaffirmed a “buy” rating and issued a $52.00 target price on shares of Applied Materials in a research report on Sunday, August 18th. Deutsche Bank increased their target price on Applied Materials from $44.00 to $47.00 and gave the stock a “hold” rating in a research report on Friday, August 16th. Finally, Cowen reissued an “outperform” rating and issued a $55.00 price objective (up from $53.00) on shares of Applied Materials in a research report on Friday, August 16th. Eleven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Applied Materials presently has an average rating of “Buy” and an average price target of $51.00.

Applied Materials Profile

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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