Ladenburg Thalmann Financial Services Inc. lessened its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 3.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 121,816 shares of the manufacturing equipment provider’s stock after selling 3,907 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Applied Materials were worth $6,732,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Financial Gravity Companies Inc. acquired a new stake in shares of Applied Materials during the fourth quarter worth about $110,000. Risk Paradigm Group LLC acquired a new stake in shares of Applied Materials during the fourth quarter worth about $110,000. Shine Investment Advisory Services Inc. lifted its holdings in shares of Applied Materials by 368.3% during the first quarter. Shine Investment Advisory Services Inc. now owns 2,056 shares of the manufacturing equipment provider’s stock worth $114,000 after purchasing an additional 1,617 shares during the period. SevenBridge Financial Group LLC lifted its holdings in shares of Applied Materials by 957.8% during the fourth quarter. SevenBridge Financial Group LLC now owns 2,380 shares of the manufacturing equipment provider’s stock worth $122,000 after purchasing an additional 2,155 shares during the period. Finally, Optimum Investment Advisors acquired a new stake in shares of Applied Materials during the first quarter worth about $147,000. 78.74% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts recently commented on the company. UBS Group assumed coverage on Applied Materials in a report on Wednesday, April 4th. They set a “neutral” rating and a $58.00 target price for the company. BidaskClub downgraded Applied Materials from a “buy” rating to a “hold” rating in a report on Tuesday, June 12th. Craig Hallum decreased their target price on Applied Materials from $76.00 to $65.00 and set a “buy” rating for the company in a report on Friday, May 18th. They noted that the move was a valuation call. Deutsche Bank set a $65.00 target price on Applied Materials and gave the stock a “buy” rating in a report on Friday, May 18th. Finally, Vetr downgraded Applied Materials from a “strong-buy” rating to a “buy” rating and set a $62.52 target price for the company. in a report on Tuesday, February 20th. Seven analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $64.20.
Shares of Applied Materials opened at $49.31 on Friday, Marketbeat.com reports. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.60 and a quick ratio of 1.83. The company has a market cap of $49.71 billion, a P/E ratio of 15.17, a P/E/G ratio of 0.83 and a beta of 1.64. Applied Materials, Inc. has a twelve month low of $40.79 and a twelve month high of $62.40.
Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings results on Thursday, May 17th. The manufacturing equipment provider reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.08. The company had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.45 billion. Applied Materials had a return on equity of 51.65% and a net margin of 19.24%. During the same period last year, the business earned $0.79 earnings per share. equities analysts predict that Applied Materials, Inc. will post 4.6 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 13th. Stockholders of record on Thursday, August 23rd will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Wednesday, August 22nd. Applied Materials’s dividend payout ratio (DPR) is presently 24.62%.
Applied Materials Profile
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.
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