Dunhill Financial LLC Acquires 81 Shares of Applied Materials, Inc. (NASDAQ:AMAT)

Dunhill Financial LLC raised its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 61.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 213 shares of the manufacturing equipment provider’s stock after acquiring an additional 81 shares during the quarter. Dunhill Financial LLC’s holdings in Applied Materials were worth $43,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. EdgePoint Investment Group Inc. lifted its holdings in Applied Materials by 341.0% during the third quarter. EdgePoint Investment Group Inc. now owns 2,857,155 shares of the manufacturing equipment provider’s stock valued at $577,288,000 after purchasing an additional 2,209,218 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Applied Materials by 67.8% during the 3rd quarter. Janus Henderson Group PLC now owns 4,663,133 shares of the manufacturing equipment provider’s stock valued at $942,187,000 after buying an additional 1,884,153 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Applied Materials by 29.8% in the 3rd quarter. Van ECK Associates Corp now owns 6,571,178 shares of the manufacturing equipment provider’s stock worth $1,327,707,000 after buying an additional 1,509,439 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Applied Materials by 262.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,390,501 shares of the manufacturing equipment provider’s stock worth $280,951,000 after buying an additional 1,006,937 shares during the period. Finally, Alkeon Capital Management LLC increased its stake in Applied Materials by 87.7% in the 3rd quarter. Alkeon Capital Management LLC now owns 1,877,133 shares of the manufacturing equipment provider’s stock worth $379,275,000 after buying an additional 877,133 shares in the last quarter. Institutional investors own 80.56% of the company’s stock.

Applied Materials Stock Up 0.6 %

NASDAQ AMAT opened at $173.02 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 $144.57 and a 52 week high of $255.89. The firm has a market capitalization of $142.64 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 1.70 and a beta of 1.52. The company has a fifty day moving average of $185.91 and a two-hundred day moving average of $203.06.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings results on Thursday, November 14th. The manufacturing equipment provider reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.19 by $0.13. Applied Materials had a net margin of 26.41% and a return on equity of 39.26%. The firm had revenue of $7.05 billion during the quarter, compared to analysts’ expectations of $6.96 billion. During the same period in the previous year, the company earned $2.12 EPS. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, analysts predict that Applied Materials, Inc. will post 9.51 earnings per share for the current year.

Applied Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.60 annualized dividend and a dividend yield of 0.92%. Applied Materials’s payout ratio is 18.58%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on AMAT shares. Dbs Bank lowered Applied Materials from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 16th. JPMorgan Chase & Co. upped their price target on Applied Materials from $240.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Morgan Stanley reaffirmed an “underweight” rating and set a $164.00 price objective (down from $179.00) on shares of Applied Materials in a report on Thursday. Susquehanna dropped their target price on shares of Applied Materials from $190.00 to $170.00 and set a “neutral” rating for the company in a research report on Monday, November 11th. Finally, TD Cowen reduced their price target on shares of Applied Materials from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $220.29.

About Applied Materials

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.