DAVENPORT & Co LLC Has $8.06 Million Holdings in Applied Materials, Inc. (NASDAQ:AMAT)

DAVENPORT & Co LLC boosted its position in Applied Materials, Inc. (NASDAQ:AMATFree Report) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,723 shares of the manufacturing equipment provider’s stock after buying an additional 601 shares during the period. DAVENPORT & Co LLC’s holdings in Applied Materials were worth $8,059,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. State Street Corp lifted its position in shares of Applied Materials by 0.8% during the 1st quarter. State Street Corp now owns 38,434,684 shares of the manufacturing equipment provider’s stock valued at $4,720,928,000 after acquiring an additional 301,010 shares during the period. Northern Trust Corp boosted its position in shares of Applied Materials by 4.8% during the 3rd quarter. Northern Trust Corp now owns 10,032,850 shares of the manufacturing equipment provider’s stock worth $1,389,048,000 after purchasing an additional 456,865 shares in the last quarter. Morgan Stanley boosted its position in shares of Applied Materials by 6.0% during the 3rd quarter. Morgan Stanley now owns 9,995,287 shares of the manufacturing equipment provider’s stock worth $1,383,848,000 after purchasing an additional 570,080 shares in the last quarter. Nuveen Asset Management LLC increased its position in Applied Materials by 25.1% in the 2nd quarter. Nuveen Asset Management LLC now owns 9,609,330 shares of the manufacturing equipment provider’s stock valued at $1,388,933,000 after buying an additional 1,925,722 shares in the last quarter. Finally, Norges Bank acquired a new position in Applied Materials during the 4th quarter worth approximately $930,505,000. Institutional investors own 80.56% of the company’s stock.

Applied Materials Stock Up 0.6 %

Shares of NASDAQ AMAT opened at $207.38 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.71 and a quick ratio of 1.91. The stock has a market capitalization of $172.31 billion, a PE ratio of 24.40, a P/E/G ratio of 3.16 and a beta of 1.59. Applied Materials, Inc. has a one year low of $109.00 and a one year high of $214.91. The business’s fifty day moving average price is $193.63 and its 200-day moving average price is $163.81.

Applied Materials (NASDAQ:AMATGet Free Report) last released its quarterly earnings data on Thursday, February 15th. The manufacturing equipment provider reported $2.13 EPS for the quarter, beating the consensus estimate of $1.90 by $0.23. Applied Materials had a net margin of 27.03% and a return on equity of 43.56%. The business had revenue of $6.71 billion for the quarter, compared to the consensus estimate of $6.48 billion. During the same period in the prior year, the firm earned $2.03 earnings per share. The company’s revenue was down .4% compared to the same quarter last year. On average, equities research analysts anticipate that Applied Materials, Inc. will post 8.03 EPS for the current year.

Applied Materials Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 23rd will be given a $0.40 dividend. The ex-dividend date is Wednesday, May 22nd. This is a boost from Applied Materials’s previous quarterly dividend of $0.32. This represents a $1.60 annualized dividend and a dividend yield of 0.77%. Applied Materials’s payout ratio is 15.06%.

Wall Street Analyst Weigh In

AMAT has been the subject of a number of research reports. TD Cowen raised their price objective on Applied Materials from $185.00 to $245.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. Needham & Company LLC boosted their price target on shares of Applied Materials from $180.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Barclays lifted their price objective on shares of Applied Materials from $120.00 to $140.00 and gave the company an “underweight” rating in a report on Tuesday, January 16th. Citigroup raised their price target on shares of Applied Materials from $170.00 to $211.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Finally, Stifel Nicolaus raised their target price on Applied Materials from $175.00 to $230.00 and gave the company a “buy” rating in a report on Friday, February 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $191.83.

Get Our Latest Stock Report on AMAT

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.

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

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