Barrett Asset Management LLC raised its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 28.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,790 shares of the manufacturing equipment provider’s stock after acquiring an additional 1,280 shares during the period. Barrett Asset Management LLC’s holdings in Applied Materials were worth $302,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMAT. ING Groep NV increased its holdings in shares of Applied Materials by 4.3% during the 3rd quarter. ING Groep NV now owns 769,300 shares of the manufacturing equipment provider’s stock valued at $40,073,000 after purchasing an additional 31,952 shares in the last quarter. Icon Advisers Inc. Co. increased its holdings in shares of Applied Materials by 14.5% during the 3rd quarter. Icon Advisers Inc. Co. now owns 106,100 shares of the manufacturing equipment provider’s stock valued at $5,527,000 after purchasing an additional 13,400 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Applied Materials by 11.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 480,681 shares of the manufacturing equipment provider’s stock valued at $25,039,000 after purchasing an additional 48,018 shares in the last quarter. Brighton Jones LLC increased its holdings in shares of Applied Materials by 60.2% during the 3rd quarter. Brighton Jones LLC now owns 8,359 shares of the manufacturing equipment provider’s stock valued at $435,000 after purchasing an additional 3,141 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of Applied Materials by 7.4% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 29,447 shares of the manufacturing equipment provider’s stock valued at $1,534,000 after purchasing an additional 2,040 shares in the last quarter. Institutional investors and hedge funds own 78.79% of the company’s stock.

Shares of Applied Materials, Inc. (AMAT) traded up $1.18 during mid-day trading on Wednesday, hitting $58.80. 10,199,300 shares of the stock traded hands, compared to its average volume of 9,886,889. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.43 and a current ratio of 3.14. The firm has a market cap of $61,900.00, a PE ratio of 17.73, a price-to-earnings-growth ratio of 1.10 and a beta of 1.85. Applied Materials, Inc. has a 1 year low of $29.85 and a 1 year high of $60.89.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings results on Thursday, November 16th. The manufacturing equipment provider reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.02. The firm had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $3.93 billion. Applied Materials had a net margin of 23.62% and a return on equity of 41.51%. The company’s revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS. analysts expect that Applied Materials, Inc. will post 3.93 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Friday, November 24th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $0.40 annualized dividend and a dividend yield of 0.68%. Applied Materials’s payout ratio is 12.62%.

Several research firms have recently weighed in on AMAT. Vetr lowered shares of Applied Materials from a “buy” rating to a “hold” rating and set a $61.08 target price for the company. in a report on Tuesday. Nomura reaffirmed a “buy” rating and set a $65.00 target price (up from $55.00) on shares of Applied Materials in a report on Tuesday. Royal Bank Of Canada lifted their target price on shares of Applied Materials from $55.00 to $64.00 and gave the company an “outperform” rating in a report on Friday, November 17th. Credit Suisse Group lifted their target price on shares of Applied Materials from $62.00 to $72.00 and gave the company an “outperform” rating in a report on Friday, November 17th. Finally, Needham & Company LLC lifted their target price on shares of Applied Materials to $66.00 and gave the company a “positive” rating in a report on Friday, November 17th. Three investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. Applied Materials has an average rating of “Buy” and a consensus target price of $60.83.

In other news, VP Thomas F. Larkins sold 30,000 shares of the business’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $51.24, for a total transaction of $1,537,200.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.31% of the company’s stock.

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About Applied Materials

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

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