Applied Materials, Inc. (AMAT) Shares Bought by Moors & Cabot Inc.

Moors & Cabot Inc. grew its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 13.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,132 shares of the manufacturing equipment provider’s stock after purchasing an additional 2,845 shares during the period. Moors & Cabot Inc.’s holdings in Applied Materials were worth $1,342,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. BlackRock Inc. grew its position in shares of Applied Materials by 10.5% during the first quarter. BlackRock Inc. now owns 76,112,124 shares of the manufacturing equipment provider’s stock valued at $4,232,597,000 after purchasing an additional 7,222,175 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Applied Materials by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 12,968,458 shares of the manufacturing equipment provider’s stock valued at $661,743,000 after purchasing an additional 234,528 shares in the last quarter. Epoch Investment Partners Inc. grew its position in shares of Applied Materials by 1.4% during the first quarter. Epoch Investment Partners Inc. now owns 10,550,308 shares of the manufacturing equipment provider’s stock valued at $586,702,000 after purchasing an additional 144,093 shares in the last quarter. OppenheimerFunds Inc. grew its position in shares of Applied Materials by 22.6% during the first quarter. OppenheimerFunds Inc. now owns 8,151,015 shares of the manufacturing equipment provider’s stock valued at $453,279,000 after purchasing an additional 1,501,992 shares in the last quarter. Finally, Lansdowne Partners UK LLP purchased a new position in shares of Applied Materials during the fourth quarter valued at about $370,984,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

AMAT has been the subject of a number of research analyst reports. Zacks Investment Research lowered Applied Materials from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 17th. Vetr lowered Applied Materials from a “strong-buy” rating to a “buy” rating and set a $63.08 price objective for the company. in a research report on Tuesday, April 17th. Bank of America initiated coverage on Applied Materials in a research report on Wednesday, March 21st. They set a “buy” rating and a $80.00 price objective for the company. Needham & Company LLC cut their price objective on Applied Materials from $72.00 to $68.00 and set a “strong-buy” rating for the company in a research report on Monday, May 21st. Finally, BidaskClub upgraded Applied Materials from a “hold” rating to a “buy” rating in a research report on Monday. Six analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $64.20.



NASDAQ AMAT opened at $48.55 on Wednesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.83 and a current ratio of 2.60. Applied Materials, Inc. has a 12-month low of $40.79 and a 12-month high of $62.40. The firm has a market capitalization of $48.71 billion, a price-to-earnings ratio of 14.94, a PEG ratio of 0.80 and a beta of 1.64.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings results on Thursday, May 17th. The manufacturing equipment provider reported $1.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.08. Applied Materials had a net margin of 19.24% and a return on equity of 51.65%. The business had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.45 billion. During the same period in the previous year, the company earned $0.79 earnings per share. sell-side analysts anticipate that Applied Materials, Inc. will post 4.6 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 13th. Shareholders of record on Thursday, August 23rd will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.65%. The ex-dividend date is Wednesday, August 22nd. Applied Materials’s dividend payout ratio is currently 24.62%.

About Applied Materials

Applied Materials, Inc provides manufacturing equipment, services, and software to the semiconductor, display, and related industries worldwide. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells a range of manufacturing equipment used to fabricate semiconductor chips or integrated circuits.

Institutional Ownership by Quarter for Applied Materials (NASDAQ:AMAT)

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