Applied Materials, Inc. (NASDAQ:AMAT) Shares Bought by Pine Valley Investments Ltd Liability Co

Pine Valley Investments Ltd Liability Co raised its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 26.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,649 shares of the manufacturing equipment provider's stock after purchasing an additional 9,941 shares during the quarter. Pine Valley Investments Ltd Liability Co's holdings in Applied Materials were worth $9,627,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in AMAT. SkyView Investment Advisors LLC boosted its holdings in shares of Applied Materials by 3.7% in the 3rd quarter. SkyView Investment Advisors LLC now owns 3,746 shares of the manufacturing equipment provider's stock worth $757,000 after purchasing an additional 133 shares during the period. Advisory Resource Group lifted its position in Applied Materials by 22.5% in the third quarter. Advisory Resource Group now owns 24,867 shares of the manufacturing equipment provider's stock worth $5,024,000 after buying an additional 4,561 shares during the last quarter. Unigestion Holding SA boosted its stake in Applied Materials by 67.7% during the third quarter. Unigestion Holding SA now owns 6,951 shares of the manufacturing equipment provider's stock worth $1,404,000 after buying an additional 2,806 shares during the period. Soltis Investment Advisors LLC increased its position in Applied Materials by 763.7% during the third quarter. Soltis Investment Advisors LLC now owns 38,072 shares of the manufacturing equipment provider's stock valued at $7,693,000 after acquiring an additional 33,664 shares during the last quarter. Finally, Rehmann Capital Advisory Group increased its position in Applied Materials by 6.6% during the third quarter. Rehmann Capital Advisory Group now owns 5,913 shares of the manufacturing equipment provider's stock valued at $1,196,000 after acquiring an additional 366 shares during the last quarter. 80.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMAT has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Applied Materials from $220.00 to $200.00 and set a "hold" rating for the company in a research note on Friday, November 15th. TD Cowen cut their target price on Applied Materials from $250.00 to $230.00 and set a "buy" rating on the stock in a research note on Friday, November 15th. Sanford C. Bernstein decreased their price target on 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 target price on Applied Materials from $220.00 to $210.00 and set an "overweight" rating on the stock in a research note on Friday, December 6th. Finally, Needham & Company LLC decreased their target price on Applied Materials from $240.00 to $225.00 and set a "buy" rating for the company in a research 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 issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $220.29.

Applied Materials Stock Down 1.2 %

Shares of AMAT traded down $2.05 during midday trading on Thursday, hitting $169.08. 6,101,489 shares of the company's stock traded hands, compared to its average volume of 6,203,417. The firm's fifty day moving average is $184.13 and its 200-day moving average is $202.15. The company has a current ratio of 2.51, a quick ratio of 1.87 and a debt-to-equity ratio of 0.29. Applied Materials, Inc. has a 1 year low of $148.05 and a 1 year high of $255.89. The stock has a market capitalization of $139.39 billion, a price-to-earnings ratio of 19.64, a price-to-earnings-growth ratio of 1.63 and a beta of 1.52.

Applied Materials (NASDAQ:AMAT - Get Free Report) last issued 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. The company had revenue of $7.05 billion during the quarter, compared to analysts' expectations of $6.96 billion. Applied Materials had a return on equity of 39.26% and a net margin of 26.41%. The firm's revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.12 EPS. As a group, sell-side analysts anticipate that Applied Materials, Inc. will post 9.45 earnings per share for the current year.

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.