Eaton Vance Management raised its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 0.9% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 217,333 shares of the manufacturing equipment provider’s stock after purchasing an additional 1,905 shares during the period. Eaton Vance Management’s holdings in Applied Materials were worth $8,400,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in AMAT. Rational Advisors LLC boosted its stake in Applied Materials by 5,102.0% during 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 last quarter. ELM Advisors LLC acquired a new position in Applied Materials during the 3rd quarter valued at about $157,000. Amussen Hunsaker Associates LLC acquired a new position in Applied Materials during the 2nd quarter valued at about $162,000. LFA Lugano Financial Advisors SA acquired a new position in Applied Materials during the 2nd quarter valued at about $177,000. Finally, Freestone Capital Holdings LLC acquired a new position in Applied Materials during the 3rd quarter valued at about $200,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

NASDAQ:AMAT opened at $34.69 on Friday. The company has a current ratio of 2.64, a quick ratio of 1.73 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $34.83 billion, a P/E ratio of 7.80, a P/E/G ratio of 1.17 and a beta of 1.66. Applied Materials, Inc. has a 12 month low of $30.53 and a 12 month high of $62.40.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings results on Thursday, November 15th. The manufacturing equipment provider reported $0.97 EPS for the quarter, hitting analysts’ consensus estimates of $0.97. The company had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $4 billion. Applied Materials had a net margin of 19.20% and a return on equity of 62.56%. As a group, sell-side analysts expect that Applied Materials, Inc. will post 3.54 EPS for the current year.

Several equities analysts have commented on AMAT shares. Susquehanna Bancshares dropped their target price on shares of Applied Materials from $65.00 to $60.00 and set a “positive” rating on the stock in a research report on Wednesday, October 3rd. Imperial Capital dropped their target price on shares of Applied Materials from $62.00 to $47.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 20th. Bank of America dropped their target price on shares of Applied Materials from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Friday, August 17th. UBS Group dropped their target price on shares of Applied Materials from $43.00 to $39.00 and set a “neutral” rating on the stock in a research report on Friday, November 16th. Finally, ValuEngine raised shares of Applied Materials from a “strong sell” rating to a “sell” rating in a research report on Wednesday, November 21st. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Applied Materials has a consensus rating of “Buy” and a consensus target price of $52.14.

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Applied Materials Profile

Applied Materials, Inc engages in the provision of materials engineering solutions used to produce new chip and advanced display. It operates through the following segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment includes semiconductor capital equipment for deposition, etch, ion implantation, rapid thermal processing, chemical mechanical planarization, metrology and inspection, and wafer level packaging.

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

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