1,150 Shares in Applied Materials, Inc. (NASDAQ:AMAT) Acquired by Harbor Advisory Corp MA

Harbor Advisory Corp MA bought a new position in shares of Applied Materials, Inc. (NASDAQ:AMAT) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,150 shares of the manufacturing equipment provider’s stock, valued at approximately $232,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC grew its position in Applied Materials by 5.4% in the first quarter. International Assets Investment Management LLC now owns 3,350 shares of the manufacturing equipment provider’s stock worth $699,000 after buying an additional 172 shares during the last quarter. Dynamic Advisor Solutions LLC grew its position in Applied Materials by 33.4% in the first quarter. Dynamic Advisor Solutions LLC now owns 7,648 shares of the manufacturing equipment provider’s stock worth $1,577,000 after buying an additional 1,917 shares during the last quarter. Community Bank of Raymore acquired a new position in Applied Materials in the first quarter worth approximately $309,000. DLK Investment Management LLC grew its position in Applied Materials by 4.6% in the first quarter. DLK Investment Management LLC now owns 2,259 shares of the manufacturing equipment provider’s stock worth $466,000 after buying an additional 100 shares during the last quarter. Finally, Columbus Macro LLC acquired a new position in Applied Materials in the first quarter worth approximately $229,000. Institutional investors own 80.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on AMAT shares. Needham & Company LLC restated a “buy” rating and issued a $260.00 price target on shares of Applied Materials in a research report on Friday, August 16th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Applied Materials from $260.00 to $230.00 and set a “hold” rating on the stock in a research report on Friday, August 16th. Dbs Bank cut shares of Applied Materials from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 16th. Wells Fargo & Company lowered their price objective on shares of Applied Materials from $260.00 to $235.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Finally, Mizuho lowered their price objective on shares of Applied Materials from $245.00 to $225.00 and set an “outperform” rating on the stock in a research report on Friday, September 20th. Eight equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $229.14.

Applied Materials Stock Down 0.0 %

Shares of AMAT stock traded down $0.05 on Tuesday, hitting $184.41. The company’s stock had a trading volume of 1,559,244 shares, compared to its average volume of 6,072,631. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.86 and a quick ratio of 2.09. Applied Materials, Inc. has a fifty-two week low of $129.21 and a fifty-two week high of $255.89. The firm’s fifty day moving average price is $195.44 and its 200-day moving average price is $209.11. The stock has a market capitalization of $152.69 billion, a price-to-earnings ratio of 21.16, a P/E/G ratio of 2.66 and a beta of 1.54.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings data on Thursday, August 15th. The manufacturing equipment provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.10. Applied Materials had a net margin of 27.74% and a return on equity of 39.99%. 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 business earned $1.90 EPS. Applied Materials’s quarterly revenue was up 5.5% compared to the same quarter last year. Research analysts anticipate that Applied Materials, Inc. will post 8.49 EPS for the current year.

Applied Materials Dividend Announcement

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

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.