jvl associates llc Purchases 57 Shares of Applied Materials, Inc. (NASDAQ:AMAT)

jvl associates llc raised its position in Applied Materials, Inc. (NASDAQ:AMAT) by 4.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,362 shares of the manufacturing equipment provider’s stock after purchasing an additional 57 shares during the period. jvl associates llc’s holdings in Applied Materials were worth $275,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Swedbank AB purchased a new stake in shares of Applied Materials in the 1st quarter valued at about $773,611,000. Wellington Management Group LLP grew its stake in Applied Materials by 3,940.1% in the 4th quarter. Wellington Management Group LLP now owns 2,175,766 shares of the manufacturing equipment provider’s stock worth $352,626,000 after buying an additional 2,121,912 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Applied Materials by 126.4% in the 1st quarter. Janus Henderson Group PLC now owns 2,254,952 shares of the manufacturing equipment provider’s stock worth $464,974,000 after buying an additional 1,259,111 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Applied Materials by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 74,117,176 shares of the manufacturing equipment provider’s stock worth $12,012,171,000 after acquiring an additional 973,218 shares during the last quarter. Finally, EdgePoint Investment Group Inc. purchased a new position in Applied Materials in the first quarter worth $162,873,000. 80.56% of the stock is currently owned by hedge funds and other institutional investors.

Applied Materials Trading Up 1.2 %

Shares of AMAT traded up $2.38 during trading hours on Friday, reaching $201.97. 4,130,989 shares of the company traded hands, compared to its average volume of 6,073,735. Applied Materials, Inc. has a 12 month low of $129.21 and a 12 month high of $255.89. The company has a market capitalization of $167.23 billion, a price-to-earnings ratio of 22.94, a price-to-earnings-growth ratio of 2.30 and a beta of 1.55. The company’s fifty day moving average price is $194.58 and its two-hundred day moving average price is $209.88. The company has a quick ratio of 2.09, a current ratio of 2.86 and a debt-to-equity ratio of 0.33.

Applied Materials (NASDAQ:AMAT) last announced its earnings results on Thursday, August 15th. The manufacturing equipment provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.10. The firm had revenue of $6.78 billion during the quarter, compared to analyst estimates of $6.68 billion. Applied Materials had a return on equity of 39.99% and a net margin of 27.74%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.90 EPS. Equities research analysts predict that Applied Materials, Inc. will post 8.49 earnings per share for the current fiscal year.

Applied Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend is Thursday, November 21st. Applied Materials’s dividend payout ratio is 18.39%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Dbs Bank lowered Applied Materials from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 16th. B. Riley cut their target price on Applied Materials from $300.00 to $280.00 and set a “buy” rating for the company in a research note on Friday, August 16th. 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 research note on Friday, September 20th. Needham & Company LLC restated a “buy” rating and issued a $260.00 price objective on shares of Applied Materials in a report on Friday, August 16th. Finally, UBS Group reduced their target price on shares of Applied Materials from $220.00 to $210.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $228.90.

Applied Materials Company Profile

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.