Addison Advisors LLC Acquires 118 Shares of Applied Materials, Inc. (NASDAQ:AMAT)

Addison Advisors LLC increased its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 13.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 980 shares of the manufacturing equipment provider’s stock after acquiring an additional 118 shares during the quarter. Addison Advisors LLC’s holdings in Applied Materials were worth $159,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Jennison Associates LLC boosted its stake in shares of Applied Materials by 47.0% in the third quarter. Jennison Associates LLC now owns 2,480,780 shares of the manufacturing equipment provider’s stock valued at $343,464,000 after buying an additional 793,610 shares during the period. Vontobel Holding Ltd. lifted its position in shares of Applied Materials by 40.0% during the 4th quarter. Vontobel Holding Ltd. now owns 2,724,217 shares of the manufacturing equipment provider’s stock valued at $441,514,000 after acquiring an additional 778,716 shares during the period. Morgan Stanley grew its holdings in shares of Applied Materials by 6.0% during the 3rd quarter. Morgan Stanley now owns 9,995,287 shares of the manufacturing equipment provider’s stock worth $1,383,848,000 after purchasing an additional 570,080 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Applied Materials by 13,929.6% in the fourth quarter. International Assets Investment Management LLC now owns 515,028 shares of the manufacturing equipment provider’s stock worth $834,710,000 after purchasing an additional 511,357 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ raised its stake in Applied Materials by 117.6% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 926,917 shares of the manufacturing equipment provider’s stock valued at $128,341,000 after purchasing an additional 500,900 shares in the last quarter. Institutional investors own 80.56% of the company’s stock.

Applied Materials Trading Up 3.0 %

NASDAQ AMAT traded up $5.88 during mid-day trading on Friday, reaching $203.38. 3,933,453 shares of the stock were exchanged, compared to its average volume of 4,553,379. The stock has a market cap of $168.99 billion, a P/E ratio of 23.93, a P/E/G ratio of 2.95 and a beta of 1.59. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.71 and a quick ratio of 1.91. Applied Materials, Inc. has a one year low of $109.15 and a one year high of $214.91. The stock has a 50 day simple moving average of $203.42 and a 200-day simple moving average of $171.56.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings data on Thursday, February 15th. The manufacturing equipment provider reported $2.13 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.23. Applied Materials had a return on equity of 43.56% and a net margin of 27.03%. The firm had revenue of $6.71 billion during the quarter, compared to analyst estimates of $6.48 billion. During the same period last year, the company posted $2.03 EPS. The business’s quarterly revenue was down .4% on a year-over-year basis. On average, analysts anticipate that Applied Materials, Inc. will post 8.04 EPS for the current year.

Applied Materials Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 23rd will be paid a $0.40 dividend. The ex-dividend date is Wednesday, May 22nd. This represents a $1.60 annualized dividend and a dividend yield of 0.79%. This is a positive change from Applied Materials’s previous quarterly dividend of $0.32. Applied Materials’s payout ratio is currently 15.06%.

Analysts Set New Price Targets

AMAT has been the subject of several analyst reports. The Goldman Sachs Group boosted their target price on shares of Applied Materials from $156.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Raymond James upped their target price on Applied Materials from $180.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th. Mizuho lifted their price target on Applied Materials from $185.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Evercore ISI initiated coverage on Applied Materials in a research report on Tuesday, April 16th. They set an “outperform” rating and a $260.00 price objective for the company. Finally, Cantor Fitzgerald upgraded Applied Materials from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $220.00 to $260.00 in a research report on Monday, April 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $201.50.

Applied Materials Company 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.