Janney Montgomery Scott LLC Has $29.85 Million Stake in Applied Materials, Inc. (NASDAQ:AMAT)

Janney Montgomery Scott LLC grew its holdings in shares of Applied Materials, Inc. (NASDAQ:AMATFree Report) by 62.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 184,166 shares of the manufacturing equipment provider’s stock after buying an additional 70,983 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Applied Materials were worth $29,849,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Allworth Financial LP increased its holdings in Applied Materials by 3.7% during the third quarter. Allworth Financial LP now owns 13,979 shares of the manufacturing equipment provider’s stock worth $1,935,000 after buying an additional 493 shares during the last quarter. Optas LLC acquired a new position in shares of Applied Materials during the 3rd quarter worth approximately $245,000. Wright Investors Service Inc. raised its stake in Applied Materials by 6.3% in the 3rd quarter. Wright Investors Service Inc. now owns 23,877 shares of the manufacturing equipment provider’s stock valued at $3,306,000 after acquiring an additional 1,413 shares during the period. Teacher Retirement System of Texas lifted its holdings in Applied Materials by 32.4% during the 3rd quarter. Teacher Retirement System of Texas now owns 366,632 shares of the manufacturing equipment provider’s stock valued at $50,760,000 after purchasing an additional 89,683 shares during the last quarter. Finally, Annex Advisory Services LLC boosted its holdings in shares of Applied Materials by 15.3% during the 3rd quarter. Annex Advisory Services LLC now owns 73,550 shares of the manufacturing equipment provider’s stock worth $10,183,000 after buying an additional 9,768 shares during the period. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Bank Of America (Bofa) upped their price objective on Applied Materials from $170.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Raymond James upped their target price on Applied Materials from $180.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. UBS Group upped their price objective on shares of Applied Materials from $185.00 to $235.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 5th. Evercore ISI started coverage on shares of Applied Materials in a report on Tuesday, April 16th. They issued an “outperform” rating and a $260.00 target price on the stock. Finally, TD Cowen upped their price target on shares of Applied Materials from $185.00 to $245.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $201.84.

View Our Latest Stock Report on AMAT

Applied Materials Trading Up 3.7 %

Shares of NASDAQ:AMAT traded up $7.67 during trading on Wednesday, reaching $217.49. The stock had a trading volume of 5,815,326 shares, compared to its average volume of 5,789,904. Applied Materials, Inc. has a 52 week low of $120.18 and a 52 week high of $217.61. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.91 and a current ratio of 2.71. The firm’s fifty day moving average is $204.36 and its 200 day moving average is $177.71. The stock has a market cap of $180.71 billion, a price-to-earnings ratio of 25.25, a P/E/G ratio of 3.10 and a beta of 1.58.

Applied Materials (NASDAQ:AMATGet Free Report) last issued its quarterly earnings results on Thursday, February 15th. The manufacturing equipment provider reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.23. The business had revenue of $6.71 billion for the quarter, compared to analysts’ expectations of $6.48 billion. Applied Materials had a net margin of 27.03% and a return on equity of 43.56%. The business’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.03 earnings per share. As a group, equities analysts forecast that Applied Materials, Inc. will post 8.02 EPS for the current fiscal year.

Applied Materials Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 23rd will be given a dividend of $0.40 per share. This is an increase from Applied Materials’s previous quarterly dividend of $0.32. The ex-dividend date is Wednesday, May 22nd. This represents a $1.60 annualized dividend and a dividend yield of 0.74%. Applied Materials’s dividend payout ratio (DPR) is 15.06%.

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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