Applied Materials, Inc. (AMAT) Stake Increased by Morgan Stanley

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Morgan Stanley lifted its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 9.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,301,391 shares of the manufacturing equipment provider’s stock after buying an additional 364,830 shares during the quarter. Morgan Stanley owned about 0.43% of Applied Materials worth $198,682,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Kaizen Advisory LLC grew its position in Applied Materials by 147.4% in the 2nd quarter. Kaizen Advisory LLC now owns 2,561 shares of the manufacturing equipment provider’s stock valued at $118,000 after purchasing an additional 1,526 shares during the period. Rational Advisors LLC grew its position in Applied Materials by 5,102.0% in the 2nd quarter. Rational Advisors LLC now owns 2,601 shares of the manufacturing equipment provider’s stock valued at $120,000 after purchasing an additional 2,551 shares during the period. AdvisorNet Financial Inc grew its position in Applied Materials by 127.1% in the 2nd quarter. AdvisorNet Financial Inc now owns 3,054 shares of the manufacturing equipment provider’s stock valued at $141,000 after purchasing an additional 1,709 shares during the period. Whittier Trust Co. grew its position in Applied Materials by 24.3% in the 2nd quarter. Whittier Trust Co. now owns 6,281 shares of the manufacturing equipment provider’s stock valued at $142,000 after purchasing an additional 1,228 shares during the period. Finally, Optimum Investment Advisors acquired a new stake in Applied Materials in the 1st quarter valued at $147,000. 77.31% of the stock is owned by institutional investors.

AMAT opened at $39.10 on Friday. The company has a current ratio of 2.52, a quick ratio of 1.67 and a debt-to-equity ratio of 0.78. The firm has a market cap of $37.74 billion, a price-to-earnings ratio of 12.03, a PEG ratio of 0.67 and a beta of 1.53. Applied Materials, Inc. has a 1 year low of $37.39 and a 1 year high of $62.40.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings data on Thursday, August 16th. The manufacturing equipment provider reported $1.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.17 by $0.03. The firm had revenue of $4.47 billion for the quarter, compared to the consensus estimate of $4.42 billion. Applied Materials had a net margin of 19.87% and a return on equity of 58.23%. The business’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.86 EPS. analysts expect that Applied Materials, Inc. will post 4.45 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Friday, November 23rd will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Wednesday, November 21st. Applied Materials’s dividend payout ratio is 24.62%.

AMAT has been the subject of several research reports. Needham & Company LLC reduced their price target on shares of Applied Materials from $72.00 to $68.00 and set a “strong-buy” rating for the company in a research report on Monday, May 21st. BidaskClub downgraded shares of Applied Materials from a “buy” rating to a “hold” rating in a research report on Tuesday, June 12th. Royal Bank of Canada downgraded shares of Applied Materials from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $67.73 to $55.00 in a research report on Wednesday, June 13th. They noted that the move was a valuation call. ValuEngine downgraded shares of Applied Materials from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Finally, Susquehanna Bancshares reduced their price target on shares of Applied Materials from $73.00 to $65.00 and set a “positive” rating for the company in a research report on Monday, July 9th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $62.26.

About Applied Materials

Applied Materials, Inc provides manufacturing equipment, services, and software to the semiconductor, display, and related industries worldwide. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells a range of manufacturing equipment used to fabricate semiconductor chips or integrated circuits.

Featured Article: Understanding Price to Earnings Ratio (PE)

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

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