Applied Materials, Inc. (AMAT) Position Reduced by Vanguard Capital Wealth Advisors

Vanguard Capital Wealth Advisors lowered its position in Applied Materials, Inc. (NASDAQ:AMAT) by 23.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,300 shares of the manufacturing equipment provider’s stock after selling 4,290 shares during the period. Vanguard Capital Wealth Advisors’ holdings in Applied Materials were worth $552,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Empowered Funds LLC bought a new position in shares of Applied Materials in the third quarter valued at approximately $2,886,000. Empirical Finance LLC bought a new position in shares of Applied Materials in the third quarter valued at approximately $1,468,000. ICM Asset Management Inc. WA lifted its holdings in shares of Applied Materials by 114.9% in the third quarter. ICM Asset Management Inc. WA now owns 57,545 shares of the manufacturing equipment provider’s stock valued at $2,224,000 after purchasing an additional 30,773 shares in the last quarter. Seven Eight Capital LP bought a new position in shares of Applied Materials in the third quarter valued at approximately $4,146,000. Finally, Deltec Asset Management LLC lifted its holdings in shares of Applied Materials by 44.9% in the third quarter. Deltec Asset Management LLC now owns 64,500 shares of the manufacturing equipment provider’s stock valued at $2,493,000 after purchasing an additional 20,000 shares in the last quarter. Institutional investors and hedge funds own 77.31% of the company’s stock.

Shares of AMAT traded up $0.10 on Friday, reaching $34.02. 757,657 shares of the company’s stock traded hands, compared to its average volume of 13,271,577. The company has a current ratio of 2.52, a quick ratio of 1.67 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $34.37 billion, a price-to-earnings ratio of 10.70, a PEG ratio of 0.91 and a beta of 1.49. Applied Materials, Inc. has a 52-week low of $32.78 and a 52-week high of $62.40.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results on Thursday, August 16th. The manufacturing equipment provider reported $1.20 EPS for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.03. The company had revenue of $4.47 billion during the quarter, compared to the consensus estimate of $4.42 billion. Applied Materials had a return on equity of 58.23% and a net margin of 19.87%. Applied Materials’s revenue was up 19.3% on a year-over-year basis. During the same period last year, the business posted $0.86 earnings per share. As a group, equities research analysts predict that Applied Materials, Inc. will post 4.45 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Friday, November 23rd will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date is Wednesday, November 21st. Applied Materials’s payout ratio is 24.62%.

A number of research analysts have recently weighed in on the company. Morgan Stanley lowered Applied Materials from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $58.00 to $54.00 in a report on Thursday, August 9th. Cowen upgraded Applied Materials from a “market perform” rating to an “outperform” rating and raised their target price for the company from $60.00 to $62.00 in a report on Monday, August 6th. Stifel Nicolaus dropped their target price on Applied Materials from $75.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, August 17th. Wells Fargo & Co dropped their target price on Applied Materials from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Friday, August 17th. Finally, BidaskClub upgraded Applied Materials from a “sell” rating to a “hold” rating in a report on Wednesday, July 18th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Applied Materials has a consensus rating of “Buy” and a consensus price target of $61.95.

Applied Materials Profile

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.

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

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