Dynamic Advisor Solutions LLC Has $1.31 Million Stock Holdings in Applied Materials, Inc. (NASDAQ:AMAT)

Dynamic Advisor Solutions LLC raised its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 5.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,048 shares of the manufacturing equipment provider’s stock after purchasing an additional 407 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Applied Materials were worth $1,309,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State Street Corp lifted its position in shares of Applied Materials by 1.8% during the 3rd quarter. State Street Corp now owns 38,808,047 shares of the manufacturing equipment provider’s stock worth $7,841,178,000 after buying an additional 672,548 shares during the last quarter. Geode Capital Management LLC raised its stake in Applied Materials by 1.9% during the third quarter. Geode Capital Management LLC now owns 19,826,373 shares of the manufacturing equipment provider’s stock worth $3,994,968,000 after acquiring an additional 371,866 shares in the last quarter. FMR LLC lifted its holdings in shares of Applied Materials by 5.5% in the third quarter. FMR LLC now owns 16,413,112 shares of the manufacturing equipment provider’s stock worth $3,316,269,000 after acquiring an additional 858,122 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Applied Materials by 3.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,861,933 shares of the manufacturing equipment provider’s stock valued at $1,790,554,000 after purchasing an additional 318,445 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of Applied Materials by 29.8% during the 3rd quarter. Van ECK Associates Corp now owns 6,571,178 shares of the manufacturing equipment provider’s stock valued at $1,327,707,000 after purchasing an additional 1,509,439 shares during the last quarter. 80.56% of the stock is currently owned by institutional investors.

Applied Materials Stock Performance

Shares of AMAT stock opened at $186.75 on Monday. The company has a quick ratio of 1.87, a current ratio of 2.51 and a debt-to-equity ratio of 0.29. Applied Materials, Inc. has a 52 week low of $158.96 and a 52 week high of $255.89. The firm has a 50 day moving average of $174.00 and a 200-day moving average of $189.07. The company has a market cap of $151.95 billion, a price-to-earnings ratio of 21.69, a price-to-earnings-growth ratio of 1.99 and a beta of 1.53.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings results on Thursday, November 14th. The manufacturing equipment provider reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.19 by $0.13. The firm had revenue of $7.05 billion during the quarter, compared to the consensus estimate of $6.96 billion. Applied Materials had a net margin of 26.41% and a return on equity of 39.26%. The business’s revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.12 earnings per share. On average, equities analysts forecast that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $1.60 dividend on an annualized basis and a yield of 0.86%. Applied Materials’s dividend payout ratio (DPR) is presently 18.58%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Sanford C. Bernstein dropped their price objective on shares of Applied Materials from $220.00 to $210.00 and set an “outperform” rating for the company in a research note on Friday, November 29th. Wells Fargo & Company reduced their price objective on Applied Materials from $210.00 to $200.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. Barclays dropped their target price on Applied Materials from $225.00 to $200.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Needham & Company LLC reduced their price target on Applied Materials from $240.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Finally, TD Cowen dropped their price objective on shares of Applied Materials from $250.00 to $230.00 and set a “buy” rating for the company in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $218.71.

Applied Materials 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.