Wilmington Savings Fund Society FSB Has $4.21 Million Holdings in Applied Materials, Inc. (NASDAQ:AMAT)

Wilmington Savings Fund Society FSB grew its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 30.6% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 20,853 shares of the manufacturing equipment provider's stock after buying an additional 4,881 shares during the period. Wilmington Savings Fund Society FSB's holdings in Applied Materials were worth $4,213,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Arvest Bank Trust Division acquired a new position in Applied Materials during the third quarter worth $13,493,000. Sfmg LLC grew its holdings in shares of Applied Materials by 0.4% in the 3rd quarter. Sfmg LLC now owns 54,967 shares of the manufacturing equipment provider's stock worth $11,106,000 after purchasing an additional 219 shares during the last quarter. World Investment Advisors LLC increased its position in shares of Applied Materials by 70.6% during the 3rd quarter. World Investment Advisors LLC now owns 9,845 shares of the manufacturing equipment provider's stock worth $1,989,000 after purchasing an additional 4,073 shares in the last quarter. Pine Valley Investments Ltd Liability Co lifted its holdings in Applied Materials by 26.4% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 47,649 shares of the manufacturing equipment provider's stock valued at $9,627,000 after purchasing an additional 9,941 shares during the last quarter. Finally, SkyView Investment Advisors LLC boosted its position in Applied Materials by 3.7% in the third quarter. SkyView Investment Advisors LLC now owns 3,746 shares of the manufacturing equipment provider's stock valued at $757,000 after buying an additional 133 shares in the last quarter. Institutional investors own 80.56% of the company's stock.

Applied Materials Stock Up 0.2 %

NASDAQ AMAT traded up $0.29 during trading hours on Friday, hitting $169.37. 4,067,205 shares of the company traded hands, compared to its average volume of 6,193,768. The stock has a market capitalization of $139.63 billion, a price-to-earnings ratio of 19.64, a P/E/G ratio of 1.61 and a beta of 1.52. Applied Materials, Inc. has a twelve month low of $148.05 and a twelve month high of $255.89. The business's 50-day moving average is $183.52 and its 200-day moving average is $201.92. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.87 and a current ratio of 2.51.

Applied Materials (NASDAQ:AMAT - Get Free Report) last issued its earnings results on Thursday, November 14th. The manufacturing equipment provider reported $2.32 earnings per share 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 business had revenue of $7.05 billion for the quarter, compared to the consensus estimate of $6.96 billion. During the same period in the previous year, the company earned $2.12 earnings per share. The firm's revenue for the quarter was up 4.8% on a year-over-year basis. Sell-side analysts anticipate that Applied Materials, Inc. will post 9.48 earnings per share for the current year.

Applied Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.94%. Applied Materials's dividend payout ratio is 18.58%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AMAT. JPMorgan Chase & Co. increased their price target on Applied Materials from $240.00 to $250.00 and gave the stock an "overweight" rating in a research report on Friday, August 16th. Needham & Company LLC dropped 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. Citigroup lowered their price objective on Applied Materials from $240.00 to $217.00 and set a "buy" rating for the company in a research report on Monday, September 16th. Cantor Fitzgerald reiterated an "overweight" rating and set a $250.00 price target on shares of Applied Materials in a research report on Friday, November 15th. Finally, UBS Group cut their price objective on shares of Applied Materials from $220.00 to $210.00 and set a "neutral" rating on the stock in a report on Thursday, September 12th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $220.29.

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.