Mirabella Financial Services LLP Buys 10,564 Shares of Applied Materials, Inc. (NASDAQ:AMAT)

Mirabella Financial Services LLP boosted its stake in shares of Applied Materials, Inc. (NASDAQ:AMATGet Rating) by 46.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,283 shares of the manufacturing equipment provider’s stock after acquiring an additional 10,564 shares during the quarter. Mirabella Financial Services LLP’s holdings in Applied Materials were worth $2,810,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in AMAT. Oliver Lagore Vanvalin Investment Group bought a new stake in Applied Materials during the 1st quarter worth about $25,000. JFS Wealth Advisors LLC boosted its stake in shares of Applied Materials by 113.1% in the 2nd quarter. JFS Wealth Advisors LLC now owns 341 shares of the manufacturing equipment provider’s stock valued at $31,000 after purchasing an additional 181 shares during the last quarter. Crewe Advisors LLC bought a new position in shares of Applied Materials in the 2nd quarter valued at about $34,000. Chilton Capital Management LLC bought a new position in shares of Applied Materials in the 2nd quarter valued at about $40,000. Finally, Syverson Strege & Co boosted its stake in shares of Applied Materials by 28.9% in the 2nd quarter. Syverson Strege & Co now owns 499 shares of the manufacturing equipment provider’s stock valued at $45,000 after purchasing an additional 112 shares during the last quarter. Institutional investors own 75.22% of the company’s stock.

Applied Materials Price Performance

NASDAQ AMAT opened at $104.27 on Monday. Applied Materials, Inc. has a 12-month low of $71.12 and a 12-month high of $167.06. The company has a quick ratio of 1.35, a current ratio of 2.16 and a debt-to-equity ratio of 0.45. The firm’s 50 day moving average is $101.99 and its 200-day moving average is $96.20. The company has a market capitalization of $88.02 billion, a PE ratio of 14.01, a price-to-earnings-growth ratio of 2.22 and a beta of 1.56.

Applied Materials (NASDAQ:AMATGet Rating) last released its earnings results on Thursday, November 17th. The manufacturing equipment provider reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.31. Applied Materials had a net margin of 25.31% and a return on equity of 56.62%. The business had revenue of $6.75 billion during the quarter, compared to analysts’ expectations of $6.44 billion. During the same period last year, the business earned $1.94 earnings per share. The firm’s revenue was up 10.2% on a year-over-year basis. Equities research analysts anticipate that Applied Materials, Inc. will post 6.83 earnings per share for the current fiscal year.

Applied Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 16th. Investors of record on Thursday, February 23rd will be paid a $0.26 dividend. The ex-dividend date is Wednesday, February 22nd. This represents a $1.04 annualized dividend and a dividend yield of 1.00%. Applied Materials’s dividend payout ratio is presently 13.98%.

Wall Street Analyst Weigh In

AMAT has been the topic of several recent research reports. Sanford C. Bernstein raised their target price on shares of Applied Materials to $130.00 in a research note on Monday, November 21st. Cowen raised their target price on shares of Applied Materials from $100.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, November 18th. DA Davidson reaffirmed a “buy” rating on shares of Applied Materials in a research note on Tuesday, January 3rd. Summit Insights raised shares of Applied Materials from a “hold” rating to a “buy” rating in a research note on Friday, November 18th. Finally, UBS Group lifted their price objective on shares of Applied Materials from $98.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 30th. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $118.64.

Applied Materials Company Profile

(Get Rating)

Applied Materials, Inc engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. It 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.

Read More

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

Receive News & Ratings for Applied Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Materials and related companies with MarketBeat.com's FREE daily email newsletter.