Applied Materials, Inc. (AMAT) Stake Decreased by Barings LLC

Barings LLC cut its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 29.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 100,626 shares of the manufacturing equipment provider’s stock after selling 42,881 shares during the period. Barings LLC’s holdings in Applied Materials were worth $3,889,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in AMAT. Kaizen Advisory LLC grew its stake in shares of Applied Materials by 147.4% during the second quarter. Kaizen Advisory LLC now owns 2,561 shares of the manufacturing equipment provider’s stock valued at $118,000 after acquiring an additional 1,526 shares in the last quarter. Rational Advisors LLC grew its stake in shares of Applied Materials by 5,102.0% during the second quarter. Rational Advisors LLC now owns 2,601 shares of the manufacturing equipment provider’s stock valued at $120,000 after acquiring an additional 2,551 shares in the last quarter. AdvisorNet Financial Inc grew its stake in shares of Applied Materials by 127.1% during the second quarter. AdvisorNet Financial Inc now owns 3,054 shares of the manufacturing equipment provider’s stock valued at $141,000 after acquiring an additional 1,709 shares in the last quarter. Whittier Trust Co. grew its stake in shares of Applied Materials by 24.3% during the second quarter. Whittier Trust Co. now owns 6,281 shares of the manufacturing equipment provider’s stock valued at $142,000 after acquiring an additional 1,228 shares in the last quarter. Finally, ELM Advisors LLC acquired a new stake in shares of Applied Materials during the third quarter valued at about $157,000. Institutional investors own 77.46% of the company’s stock.

Shares of AMAT stock opened at $32.36 on Monday. The company has a current ratio of 2.52, a quick ratio of 1.67 and a debt-to-equity ratio of 0.78. Applied Materials, Inc. has a one year low of $31.57 and a one year high of $62.40. The stock has a market cap of $31.81 billion, a PE ratio of 9.96, a P/E/G ratio of 0.85 and a beta of 1.49.



Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, August 16th. The manufacturing equipment provider reported $1.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.17 by $0.03. Applied Materials had a net margin of 19.87% and a return on equity of 58.23%. The firm had revenue of $4.47 billion for the quarter, compared to analysts’ expectations of $4.42 billion. During the same quarter last year, the company posted $0.86 earnings per share. Applied Materials’s revenue was up 19.3% on a year-over-year basis. As a group, analysts anticipate that Applied Materials, Inc. will post 4.45 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Friday, November 23rd will be issued a $0.20 dividend. The ex-dividend date is Wednesday, November 21st. This represents a $0.80 dividend on an annualized basis and a yield of 2.47%. Applied Materials’s dividend payout ratio is currently 24.62%.

Several analysts have recently weighed in on the company. Morgan Stanley downgraded Applied Materials from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $58.00 to $54.00 in a research note on Thursday, August 9th. B. Riley reduced their price target on shares of Applied Materials from $70.00 to $63.00 and set a “buy” rating on the stock in a research report on Friday, August 17th. Wells Fargo & Co reduced their price target on shares of Applied Materials from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Friday, August 17th. Citigroup reduced their price target on shares of Applied Materials from $73.00 to $68.00 and set a “buy” rating on the stock in a research report on Friday, August 17th. Finally, Susquehanna Bancshares reaffirmed a “neutral” rating and set a $38.00 price target (down previously from $60.00) on shares of Applied Materials in a research report on Tuesday, October 23rd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Applied Materials presently has a consensus rating of “Hold” and a consensus target price of $60.85.

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

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