Applied Materials, Inc. (NASDAQ:AMAT) Holdings Raised by Capital Advisors Inc. OK

Capital Advisors Inc. OK grew its position in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 25.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 361,437 shares of the manufacturing equipment provider's stock after purchasing an additional 73,286 shares during the period. Capital Advisors Inc. OK's holdings in Applied Materials were worth $52,452,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Runnymede Capital Advisors Inc. boosted its position in shares of Applied Materials by 972.2% in the first quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider's stock worth $28,000 after acquiring an additional 175 shares during the last quarter. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Applied Materials in the first quarter worth approximately $29,000. Mascagni Wealth Management Inc. acquired a new stake in shares of Applied Materials in the fourth quarter worth approximately $44,000. Atala Financial Inc acquired a new stake in shares of Applied Materials in the fourth quarter worth approximately $45,000. Finally, Minot DeBlois Advisors LLC acquired a new stake in shares of Applied Materials in the fourth quarter worth approximately $46,000. 80.56% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Applied Materials news, CAO Adam Sanders sold 562 shares of Applied Materials stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $178.60, for a total value of $100,373.20. Following the completion of the transaction, the chief accounting officer owned 5,300 shares of the company's stock, valued at $946,580. The trade was a 9.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.24% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Raymond James Financial restated an "outperform" rating and issued a $200.00 price target (down previously from $225.00) on shares of Applied Materials in a report on Friday, May 16th. Rothschild & Co Redburn lowered shares of Applied Materials from a "buy" rating to a "neutral" rating and set a $200.00 price target on the stock. in a report on Monday. B. Riley cut their price target on shares of Applied Materials from $250.00 to $215.00 and set a "buy" rating on the stock in a report on Monday, May 12th. Bank of America cut their price target on shares of Applied Materials from $205.00 to $190.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Finally, Citigroup raised their price target on shares of Applied Materials from $190.00 to $220.00 and gave the company a "buy" rating in a report on Monday. Nine analysts have rated the stock with a hold rating and seventeen 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 $203.65.

Applied Materials Stock Up 1.4%

Shares of AMAT stock traded up $2.64 during mid-day trading on Thursday, reaching $198.03. 5,227,832 shares of the company were exchanged, compared to its average volume of 7,102,864. Applied Materials, Inc. has a fifty-two week low of $123.74 and a fifty-two week high of $255.89. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.76 and a current ratio of 2.46. The company has a market capitalization of $158.92 billion, a P/E ratio of 24.09, a P/E/G ratio of 2.17 and a beta of 1.69. The business's 50 day simple moving average is $170.07 and its 200 day simple moving average is $164.56.

Applied Materials (NASDAQ:AMAT - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The manufacturing equipment provider reported $2.39 earnings per share for the quarter, topping analysts' consensus estimates of $2.31 by $0.08. Applied Materials had a net margin of 24.06% and a return on equity of 40.15%. The business had revenue of $7.10 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter last year, the company earned $2.09 earnings per share. The business's quarterly revenue was up 6.8% compared to the same quarter last year. Research analysts predict that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend is Thursday, August 21st. Applied Materials's dividend payout ratio is presently 22.38%.

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.