Applied Materials, Inc. (NASDAQ:AMAT) Shares Acquired by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB increased its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 10.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,742 shares of the manufacturing equipment provider’s stock after acquiring an additional 3,710 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Applied Materials were worth $6,138,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Czech National Bank boosted its holdings in Applied Materials by 6.5% in the third quarter. Czech National Bank now owns 168,667 shares of the manufacturing equipment provider’s stock valued at $34,079,000 after purchasing an additional 10,331 shares during the period. GAMMA Investing LLC raised its stake in shares of Applied Materials by 12.8% during the third quarter. GAMMA Investing LLC now owns 10,139 shares of the manufacturing equipment provider’s stock worth $2,049,000 after purchasing an additional 1,151 shares during the last quarter. Davis Investment Partners LLC lifted its position in Applied Materials by 190.3% in the third quarter. Davis Investment Partners LLC now owns 8,859 shares of the manufacturing equipment provider’s stock valued at $1,782,000 after purchasing an additional 5,807 shares during the period. Consilio Wealth Advisors LLC boosted its stake in shares of Applied Materials by 9.3% in the third quarter. Consilio Wealth Advisors LLC now owns 1,088 shares of the manufacturing equipment provider’s stock valued at $220,000 after buying an additional 93 shares in the last quarter. Finally, Miracle Mile Advisors LLC boosted its stake in shares of Applied Materials by 20.7% in the third quarter. Miracle Mile Advisors LLC now owns 11,870 shares of the manufacturing equipment provider’s stock valued at $2,398,000 after buying an additional 2,034 shares in the last quarter. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on AMAT. Wells Fargo & Company reduced their price objective on Applied Materials from $210.00 to $200.00 and set an “overweight” rating for the company in a report on Monday, January 13th. KeyCorp raised Applied Materials from a “sector weight” rating to an “overweight” rating and set a $225.00 target price for the company in a research report on Friday, January 17th. Evercore ISI cut their price target on Applied Materials from $260.00 to $250.00 and set an “outperform” rating on the stock in a research note on Friday, November 15th. TD Cowen dropped their price target on shares of Applied Materials from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Finally, Sanford C. Bernstein reduced their price objective on shares of Applied Materials from $220.00 to $210.00 and set an “outperform” rating on the stock in a research note on Friday, November 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, Applied Materials presently has a consensus rating of “Moderate Buy” and an average price target of $218.71.

Applied Materials Stock Down 0.9 %

AMAT stock opened at $178.80 on Tuesday. The company has a current ratio of 2.51, a quick ratio of 1.87 and a debt-to-equity ratio of 0.29. Applied Materials, Inc. has a 1 year low of $158.96 and a 1 year high of $255.89. The company has a fifty day simple moving average of $174.48 and a 200 day simple moving average of $186.41. The firm has a market cap of $145.31 billion, a PE ratio of 20.77, a PEG ratio of 1.84 and a beta of 1.53.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings data on Thursday, November 14th. The manufacturing equipment provider reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.19 by $0.13. The business had revenue of $7.05 billion during the quarter, compared to analyst estimates of $6.96 billion. Applied Materials had a net margin of 26.41% and a return on equity of 39.26%. Applied Materials’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.12 EPS. Sell-side analysts anticipate that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date is Thursday, February 20th. Applied Materials’s dividend payout ratio is 18.58%.

Applied Materials Company 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.