Tandem Capital Management Corp ADV Decreases Stock Holdings in Applied Materials, Inc. (NASDAQ:AMAT)

Tandem Capital Management Corp ADV lowered its position in shares of Applied Materials, Inc. (NASDAQ:AMATFree Report) by 4.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,528 shares of the manufacturing equipment provider’s stock after selling 944 shares during the period. Applied Materials makes up approximately 1.9% of Tandem Capital Management Corp ADV’s portfolio, making the stock its 15th largest position. Tandem Capital Management Corp ADV’s holdings in Applied Materials were worth $3,744,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC lifted its position in Applied Materials by 89.3% in the second quarter. GAMMA Investing LLC now owns 8,988 shares of the manufacturing equipment provider’s stock valued at $2,121,000 after acquiring an additional 4,239 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of Applied Materials by 5.7% in the second quarter. Sivia Capital Partners LLC now owns 2,338 shares of the manufacturing equipment provider’s stock valued at $552,000 after purchasing an additional 126 shares in the last quarter. Avantax Advisory Services Inc. boosted its position in Applied Materials by 17.3% during the first quarter. Avantax Advisory Services Inc. now owns 23,949 shares of the manufacturing equipment provider’s stock worth $4,939,000 after acquiring an additional 3,529 shares during the last quarter. Smithbridge Asset Management Inc. DE boosted its position in Applied Materials by 16.1% during the third quarter. Smithbridge Asset Management Inc. DE now owns 51,272 shares of the manufacturing equipment provider’s stock worth $10,360,000 after acquiring an additional 7,094 shares during the last quarter. Finally, L & S Advisors Inc acquired a new stake in Applied Materials during the second quarter worth approximately $3,069,000. Institutional investors and hedge funds own 80.56% of the company’s stock.

Applied Materials Price Performance

NASDAQ AMAT opened at $185.30 on Thursday. The company has a current ratio of 2.86, a quick ratio of 2.09 and a debt-to-equity ratio of 0.33. The company has a fifty day simple moving average of $192.41 and a 200 day simple moving average of $207.92. The company has a market cap of $153.42 billion, a P/E ratio of 21.30, a P/E/G ratio of 2.66 and a beta of 1.54. Applied Materials, Inc. has a 1 year low of $129.21 and a 1 year high of $255.89.

Applied Materials (NASDAQ:AMATGet Free Report) last released its earnings results on Thursday, August 15th. The manufacturing equipment provider reported $2.12 EPS for the quarter, beating the consensus estimate of $2.02 by $0.10. The firm had revenue of $6.78 billion during the quarter, compared to analysts’ expectations of $6.68 billion. Applied Materials had a net margin of 27.74% and a return on equity of 39.99%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.90 EPS. On average, sell-side analysts predict that Applied Materials, Inc. will post 8.49 EPS for the current year.

Applied Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend is Thursday, November 21st. Applied Materials’s dividend payout ratio is 18.39%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on AMAT shares. Mizuho decreased their price target on shares of Applied Materials from $245.00 to $225.00 and set an “outperform” rating on the stock in a report on Friday, September 20th. UBS Group dropped their price target on shares of Applied Materials from $220.00 to $210.00 and set a “neutral” rating on the stock in a research note on Thursday, September 12th. Wells Fargo & Company dropped their price target on shares of Applied Materials from $260.00 to $235.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Cantor Fitzgerald reissued an “overweight” rating and issued a $250.00 target price on shares of Applied Materials in a research report on Tuesday, October 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $260.00 price target on shares of Applied Materials in a report on Friday, August 16th. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, Applied Materials presently has an average rating of “Moderate Buy” and an average price target of $229.14.

Read Our Latest Analysis on AMAT

About Applied Materials

(Free Report)

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.

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

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