Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $5.33 Million Stock Holdings in Applied Materials, Inc. (NASDAQ:AMAT)

by · The Cerbat Gem

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in shares of Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 1,646.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,011 shares of the manufacturing equipment provider’s stock after buying an additional 27,350 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Applied Materials were worth $5,331,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Swedbank AB bought a new stake in shares of Applied Materials in the 1st quarter valued at $773,611,000. Janus Henderson Group PLC increased its position in shares of Applied Materials by 126.4% in the 1st quarter. Janus Henderson Group PLC now owns 2,254,952 shares of the manufacturing equipment provider’s stock valued at $464,974,000 after buying an additional 1,259,111 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Applied Materials by 262.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,390,501 shares of the manufacturing equipment provider’s stock worth $280,951,000 after purchasing an additional 1,006,937 shares in the last quarter. Vanguard Group Inc. increased its holdings in Applied Materials by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 75,008,622 shares of the manufacturing equipment provider’s stock worth $15,469,028,000 after purchasing an additional 891,446 shares in the last quarter. Finally, EdgePoint Investment Group Inc. bought a new position in Applied Materials during the 1st quarter worth about $162,873,000. Institutional investors and hedge funds own 80.56% of the company’s stock.

Applied Materials Stock Down 1.0 %

NASDAQ:AMAT traded down $1.95 on Wednesday, hitting $188.17. The stock had a trading volume of 701,466 shares, compared to its average volume of 6,054,436. The firm’s fifty day simple moving average is $192.88 and its two-hundred day simple moving average is $208.08. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.09 and a current ratio of 2.86. Applied Materials, Inc. has a 1 year low of $129.21 and a 1 year high of $255.89. The stock has a market cap of $155.80 billion, a P/E ratio of 21.85, a price-to-earnings-growth ratio of 2.66 and a beta of 1.54.

Applied Materials (NASDAQ:AMAT – Get Free Report) last issued its quarterly earnings results on Thursday, August 15th. The manufacturing equipment provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.10. Applied Materials had a net margin of 27.74% and a return on equity of 39.99%. The company had revenue of $6.78 billion during the quarter, compared to analyst estimates of $6.68 billion. During the same quarter last year, the business posted $1.90 EPS. Applied Materials’s quarterly revenue was up 5.5% compared to the same quarter last year. Analysts predict that Applied Materials, Inc. will post 8.49 earnings per share for the current year.

Applied Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a $0.40 dividend. The ex-dividend date is Thursday, November 21st. This represents a $1.60 dividend on an annualized basis and a yield of 0.85%. Applied Materials’s dividend payout ratio is 18.39%.

Analyst Ratings Changes

A number of equities analysts have issued reports on AMAT shares. Deutsche Bank Aktiengesellschaft lowered their target price on Applied Materials from $260.00 to $230.00 and set a “hold” rating for the company in a report on Friday, August 16th. JPMorgan Chase & Co. raised their target price on shares of Applied Materials from $240.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Susquehanna cut their target price on shares of Applied Materials from $215.00 to $190.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. Morgan Stanley cut their target price on shares of Applied Materials from $224.00 to $185.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 17th. Finally, StockNews.com downgraded shares of Applied Materials from a “buy” rating to a “hold” rating in a research note on Saturday, September 14th. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $229.14.

View Our Latest Report on Applied Materials

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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