Cable Hill Partners LLC Has $639,000 Stake in Applied Materials, Inc. (NASDAQ:AMAT)

Cable Hill Partners LLC raised its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 5.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,163 shares of the manufacturing equipment provider’s stock after purchasing an additional 158 shares during the quarter. Cable Hill Partners LLC’s holdings in Applied Materials were worth $639,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of AMAT. Summit Securities Group LLC purchased a new position in Applied Materials during the second quarter worth about $26,000. Fairfield Financial Advisors LTD purchased a new position in shares of Applied Materials in the 2nd quarter worth approximately $28,000. PSI Advisors LLC grew its holdings in shares of Applied Materials by 56.0% in the second quarter. PSI Advisors LLC now owns 156 shares of the manufacturing equipment provider’s stock valued at $37,000 after acquiring an additional 56 shares in the last quarter. Clean Yield Group purchased a new stake in shares of Applied Materials during the third quarter valued at approximately $33,000. Finally, First PREMIER Bank lifted its holdings in Applied Materials by 326.3% during the third quarter. First PREMIER Bank now owns 162 shares of the manufacturing equipment provider’s stock worth $33,000 after acquiring an additional 124 shares during the period. Institutional investors own 80.56% of the company’s stock.

Applied Materials Stock Down 2.0 %

Shares of NASDAQ AMAT opened at $182.79 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 business has a 50-day moving average of $190.88 and a 200-day moving average of $207.30. The firm has a market capitalization of $150.69 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 2.29 and a beta of 1.56. Applied Materials, Inc. has a 12 month low of $141.94 and a 12 month high of $255.89.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results on Thursday, August 15th. The manufacturing equipment provider reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.10. Applied Materials had a net margin of 27.74% and a return on equity of 39.99%. The firm had revenue of $6.78 billion for the quarter, compared to analyst estimates of $6.68 billion. During the same quarter in the prior year, the firm earned $1.90 EPS. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. Sell-side analysts expect that Applied Materials, Inc. will post 8.51 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, November 21st. This represents a $1.60 dividend on an annualized basis and a yield of 0.88%. Applied Materials’s payout ratio is 17.98%.

Analyst Upgrades and Downgrades

AMAT has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their target price on Applied Materials from $240.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Stifel Nicolaus decreased their price objective on shares of Applied Materials from $270.00 to $250.00 and set a “buy” rating for the company in a report on Tuesday. Needham & Company LLC reaffirmed a “buy” rating and issued a $260.00 price objective on shares of Applied Materials in a research report on Friday, August 16th. UBS Group reduced their target price on shares of Applied Materials from $220.00 to $210.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Applied Materials from $260.00 to $230.00 and set a “hold” rating on the stock in a research note on Friday, August 16th. Eight analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $227.24.

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.