Applied Materials, Inc. $AMAT Position Increased by Avalon Trust Co

Avalon Trust Co boosted its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 532.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,000 shares of the manufacturing equipment provider’s stock after buying an additional 842 shares during the quarter. Avalon Trust Co’s holdings in Applied Materials were worth $183,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Maseco LLP acquired a new stake in shares of Applied Materials during the second quarter worth $30,000. Clal Insurance Enterprises Holdings Ltd increased its stake in Applied Materials by 435.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider’s stock worth $31,000 after purchasing an additional 174 shares in the last quarter. Activest Wealth Management increased its stake in Applied Materials by 5,325.0% in the 1st quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider’s stock worth $31,000 after purchasing an additional 213 shares in the last quarter. Disciplina Capital Management LLC raised its holdings in Applied Materials by 91.5% during the 1st quarter. Disciplina Capital Management LLC now owns 272 shares of the manufacturing equipment provider’s stock worth $39,000 after buying an additional 130 shares during the period. Finally, Greenline Partners LLC purchased a new stake in Applied Materials during the first quarter valued at about $39,000. Institutional investors and hedge funds own 80.56% of the company’s stock.

Applied Materials Trading Up 0.9%

Applied Materials stock opened at $230.73 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.50 and a quick ratio of 1.76. The company has a market capitalization of $183.81 billion, a price-to-earnings ratio of 27.50, a PEG ratio of 2.95 and a beta of 1.84. Applied Materials, Inc. has a one year low of $123.74 and a one year high of $242.50. The company’s fifty day moving average price is $209.71 and its two-hundred day moving average price is $186.02.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.36 by $0.12. The company had revenue of $7.30 billion during the quarter, compared to analysts’ expectations of $7.21 billion. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.12 earnings per share. On average, analysts forecast that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $1.84 dividend on an annualized basis and a yield of 0.8%. Applied Materials’s dividend payout ratio is presently 21.93%.

Analyst Ratings Changes

AMAT has been the topic of several analyst reports. Mizuho lifted their target price on shares of Applied Materials from $175.00 to $215.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Citigroup lowered their price objective on shares of Applied Materials from $220.00 to $205.00 and set a “buy” rating on the stock in a research report on Friday, August 15th. Evercore ISI reissued an “outperform” rating and set a $209.00 target price on shares of Applied Materials in a research note on Friday, August 15th. Daiwa America lowered Applied Materials from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 20th. Finally, The Goldman Sachs Group lifted their price target on Applied Materials from $215.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Eighteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $212.31.

About Applied Materials

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.