E. Ohman J or Asset Management AB Sells 1,600 Shares of Applied Materials, Inc. (NASDAQ:AMAT)

E. Ohman J or Asset Management AB trimmed its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 4.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,032 shares of the manufacturing equipment provider’s stock after selling 1,600 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Applied Materials were worth $6,876,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in AMAT. Brookstone Capital Management boosted its stake in Applied Materials by 88.4% during the first quarter. Brookstone Capital Management now owns 21,153 shares of the manufacturing equipment provider’s stock worth $4,362,000 after acquiring an additional 9,928 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its position in shares of Applied Materials by 6.8% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 3,908 shares of the manufacturing equipment provider’s stock worth $806,000 after purchasing an additional 250 shares in the last quarter. Register Financial Advisors LLC bought a new stake in Applied Materials in the 1st quarter valued at about $134,000. Atlantic Union Bankshares Corp raised its stake in Applied Materials by 8.2% during the 1st quarter. Atlantic Union Bankshares Corp now owns 7,202 shares of the manufacturing equipment provider’s stock worth $1,485,000 after buying an additional 543 shares during the period. Finally, Calton & Associates Inc. acquired a new stake in Applied Materials in the first quarter valued at approximately $243,000. Institutional investors and hedge funds own 80.56% of the company’s stock.

Applied Materials Trading Up 0.6 %

NASDAQ:AMAT opened at $183.75 on Friday. Applied Materials, Inc. has a 1 year low of $129.21 and a 1 year high of $255.89. The stock’s fifty day moving average price is $194.71 and its two-hundred day moving average price is $208.75. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.86 and a quick ratio of 2.09. The company has a market cap of $152.14 billion, a P/E ratio of 21.12, a P/E/G ratio of 2.66 and a beta of 1.54.

Applied Materials (NASDAQ:AMAT) last posted its earnings results 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. Applied Materials had a return on equity of 39.99% and a net margin of 27.74%. The business had revenue of $6.78 billion during the quarter, compared to analyst estimates of $6.68 billion. During the same quarter in the previous year, the firm earned $1.90 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, analysts expect that Applied Materials, Inc. will post 8.49 EPS for the current year.

Applied Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.87%. The ex-dividend date is Thursday, November 21st. Applied Materials’s dividend payout ratio is 18.39%.

Analyst Ratings Changes

A number of analysts have commented on AMAT shares. Wells Fargo & Company decreased their price target on shares of Applied Materials from $260.00 to $235.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. StockNews.com downgraded shares of Applied Materials from a “buy” rating to a “hold” rating in a research report on Saturday, September 14th. B. Riley cut their price target on Applied Materials from $300.00 to $280.00 and set a “buy” rating for the company in a research note on Friday, August 16th. Susquehanna dropped their target price on Applied Materials from $215.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, October 11th. Finally, Mizuho dropped their price objective on Applied Materials from $245.00 to $225.00 and set an “outperform” rating on the stock in a research note on Friday, September 20th. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, Applied Materials presently has a consensus rating of “Moderate Buy” and a consensus target price of $229.14.

About Applied Materials

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.