DekaBank Deutsche Girozentrale raised its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 3.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 816,742 shares of the manufacturing equipment provider’s stock after acquiring an additional 25,712 shares during the period. DekaBank Deutsche Girozentrale owned about 0.10% of Applied Materials worth $148,878,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of AMAT. Avity Investment Management Inc. boosted its stake in shares of Applied Materials by 4.1% during the second quarter. Avity Investment Management Inc. now owns 220,835 shares of the manufacturing equipment provider’s stock valued at $40,428,000 after purchasing an additional 8,680 shares during the period. Generali Investments Towarzystwo Funduszy Inwestycyjnych boosted its stake in shares of Applied Materials by 12.7% during the first quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 26,650 shares of the manufacturing equipment provider’s stock valued at $3,867,000 after purchasing an additional 3,000 shares during the period. Redwood Investment Management LLC boosted its stake in shares of Applied Materials by 311.2% during the first quarter. Redwood Investment Management LLC now owns 12,924 shares of the manufacturing equipment provider’s stock valued at $1,876,000 after purchasing an additional 9,781 shares during the period. Gallacher Capital Management LLC purchased a new stake in shares of Applied Materials during the second quarter valued at approximately $410,000. Finally, LifePlan Financial LLC purchased a new stake in shares of Applied Materials during the second quarter valued at approximately $755,000. 80.56% of the stock is currently owned by institutional investors.
Applied Materials Stock Performance
Shares of Applied Materials stock opened at $228.13 on Tuesday. The company has a current ratio of 2.50, a quick ratio of 1.76 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $181.74 billion, a P/E ratio of 27.19, a P/E/G ratio of 2.81 and a beta of 1.82. The business has a fifty day simple moving average of $187.67 and a two-hundred day simple moving average of $175.28. Applied Materials, Inc. has a 12 month low of $123.74 and a 12 month high of $232.07.
Applied Materials Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $1.84 annualized dividend and a yield of 0.8%. Applied Materials’s dividend payout ratio (DPR) is currently 21.93%.
Analyst Ratings Changes
A number of analysts have recently weighed in on the company. Redburn Atlantic lowered Applied Materials from a “strong-buy” rating to a “hold” rating and dropped their price objective for the company from $225.00 to $200.00 in a research note on Monday, July 7th. Stifel Nicolaus increased their price objective on Applied Materials from $180.00 to $215.00 and gave the company a “buy” rating in a research note on Monday, October 13th. B. Riley raised their price target on Applied Materials from $200.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Deutsche Bank Aktiengesellschaft dropped their price target on Applied Materials from $200.00 to $170.00 and set a “hold” rating for the company in a research note on Friday, August 15th. Finally, Barclays raised their price target on Applied Materials from $170.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Monday. Eighteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $209.15.
Check Out Our Latest Report on Applied Materials
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.
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