US Bancorp DE Has $12.61 Million Position in Applied Materials, Inc. (AMAT)

US Bancorp DE decreased its position in Applied Materials, Inc. (NASDAQ:AMAT) by 2.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 326,320 shares of the manufacturing equipment provider’s stock after selling 8,296 shares during the period. US Bancorp DE’s holdings in Applied Materials were worth $12,613,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in AMAT. IFM Investors Pty Ltd boosted its holdings in Applied Materials by 44.8% in the second quarter. IFM Investors Pty Ltd now owns 47,783 shares of the manufacturing equipment provider’s stock valued at $2,207,000 after acquiring an additional 14,778 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in Applied Materials by 23.5% in the second quarter. Fisher Asset Management LLC now owns 7,333 shares of the manufacturing equipment provider’s stock valued at $339,000 after acquiring an additional 1,396 shares in the last quarter. Capital Investment Advisors LLC boosted its holdings in Applied Materials by 20.4% in the second quarter. Capital Investment Advisors LLC now owns 7,319 shares of the manufacturing equipment provider’s stock valued at $338,000 after acquiring an additional 1,242 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in Applied Materials by 3.7% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 69,314 shares of the manufacturing equipment provider’s stock valued at $3,201,000 after acquiring an additional 2,500 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in Applied Materials by 21.2% in the second quarter. State of Alaska Department of Revenue now owns 164,160 shares of the manufacturing equipment provider’s stock valued at $7,581,000 after acquiring an additional 28,750 shares in the last quarter. Institutional investors own 77.40% of the company’s stock.

Shares of NASDAQ:AMAT opened at $35.25 on Thursday. Applied Materials, Inc. has a fifty-two week low of $30.53 and a fifty-two week high of $62.40. The company has a quick ratio of 1.67, a current ratio of 2.52 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $34.28 billion, a price-to-earnings ratio of 10.85, a price-to-earnings-growth ratio of 0.96 and a beta of 1.60.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Friday, November 23rd will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Wednesday, November 21st. Applied Materials’s dividend payout ratio (DPR) is 24.62%.

Several analysts recently weighed in on AMAT shares. Bank of America cut shares of Applied Materials from a “buy” rating to a “neutral” rating and set a $65.00 price target on the stock. in a report on Tuesday, August 28th. Morgan Stanley cut shares of Applied Materials from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $58.00 to $54.00 in a research note on Thursday, August 9th. Citigroup dropped their price target on shares of Applied Materials from $68.00 to $57.00 and set a “buy” rating on the stock in a research note on Tuesday, September 25th. ValuEngine cut shares of Applied Materials from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 23rd. Finally, Cowen upgraded shares of Applied Materials from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $60.00 to $62.00 in a research note on Monday, August 6th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $59.50.

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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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