Cwm LLC Increases Holdings in Applied Materials, Inc. (NASDAQ:AMAT)

Cwm LLC lifted its position in shares of Applied Materials, Inc. (NASDAQ:AMATFree Report) by 18.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 37,821 shares of the manufacturing equipment provider’s stock after buying an additional 6,001 shares during the period. Cwm LLC’s holdings in Applied Materials were worth $6,130,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Global Wealth Management Investment Advisory Inc. raised its position in shares of Applied Materials by 76.9% during the 3rd 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 acquired a new position in shares of Applied Materials during the 3rd quarter worth approximately $39,000. MCF Advisors LLC raised its position in shares of Applied Materials by 333.8% during the 3rd quarter. MCF Advisors LLC now owns 295 shares of the manufacturing equipment provider’s stock worth $41,000 after purchasing an additional 227 shares during the last quarter. L2 Asset Management LLC raised its position in shares of 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 worth $41,000 after purchasing an additional 26,298 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new position in shares of Applied Materials during the 3rd quarter worth approximately $42,000. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Applied Materials Stock Up 2.0 %

Shares of Applied Materials stock opened at $193.24 on Wednesday. The company has a fifty day moving average price of $202.94 and a 200 day moving average price of $170.76. The company has a current ratio of 2.71, a quick ratio of 1.91 and a debt-to-equity ratio of 0.31. Applied Materials, Inc. has a twelve month low of $109.15 and a twelve month high of $214.91. The stock has a market cap of $160.56 billion, a price-to-earnings ratio of 22.73, a price-to-earnings-growth ratio of 2.84 and a beta of 1.59.

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

Applied Materials Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 23rd will be given a $0.40 dividend. This is a boost from Applied Materials’s previous quarterly dividend of $0.32. This represents a $1.60 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Wednesday, May 22nd. Applied Materials’s dividend payout ratio is presently 15.06%.

Analyst Upgrades and Downgrades

AMAT has been the subject of several analyst reports. B. Riley boosted their price target on Applied Materials from $175.00 to $220.00 and gave the company a “buy” rating in a report on Monday, February 12th. Evercore ISI initiated coverage on Applied Materials in a report on Tuesday, April 16th. They issued an “outperform” rating and a $260.00 price target for the company. Susquehanna boosted their price target on Applied Materials from $138.00 to $160.00 and gave the company a “neutral” rating in a report on Friday, February 16th. Needham & Company LLC boosted their price target on Applied Materials from $180.00 to $240.00 and gave the company a “buy” rating in a report on Friday, February 16th. Finally, TD Cowen boosted their price target on Applied Materials from $185.00 to $245.00 and gave the company an “outperform” rating in a report on Friday, February 16th. 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’s stock. According to MarketBeat.com, Applied Materials has a consensus rating of “Moderate Buy” and a consensus target price of $201.50.

Read Our Latest Stock Report on Applied Materials

Applied Materials Profile

(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.

Read More

Want to see what other hedge funds are holding AMAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Applied Materials, Inc. (NASDAQ:AMATFree Report).

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

Receive News & Ratings for Applied Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Materials and related companies with MarketBeat.com's FREE daily email newsletter.