Gideon Capital Advisors Inc. Acquires New Holdings in Applied Materials, Inc. (AMAT)

Gideon Capital Advisors Inc. acquired a new position in Applied Materials, Inc. (NASDAQ:AMAT) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,476 shares of the manufacturing equipment provider’s stock, valued at approximately $1,084,000.

A number of other large investors have also modified their holdings of AMAT. Shine Investment Advisory Services Inc. boosted its holdings in Applied Materials by 368.3% in the first quarter. Shine Investment Advisory Services Inc. now owns 2,056 shares of the manufacturing equipment provider’s stock worth $114,000 after purchasing an additional 1,617 shares in the last quarter. Kaizen Advisory LLC boosted its holdings in Applied Materials by 147.4% in the second quarter. Kaizen Advisory LLC now owns 2,561 shares of the manufacturing equipment provider’s stock worth $118,000 after purchasing an additional 1,526 shares in the last quarter. Rational Advisors LLC boosted its holdings in Applied Materials by 5,102.0% in the second quarter. Rational Advisors LLC now owns 2,601 shares of the manufacturing equipment provider’s stock worth $120,000 after purchasing an additional 2,551 shares in the last quarter. AdvisorNet Financial Inc boosted its holdings in Applied Materials by 127.1% in the second quarter. AdvisorNet Financial Inc now owns 3,054 shares of the manufacturing equipment provider’s stock worth $141,000 after purchasing an additional 1,709 shares in the last quarter. Finally, Whittier Trust Co. boosted its holdings in Applied Materials by 24.3% in the second quarter. Whittier Trust Co. now owns 6,281 shares of the manufacturing equipment provider’s stock worth $142,000 after purchasing an additional 1,228 shares in the last quarter. Hedge funds and other institutional investors own 78.36% of the company’s stock.

NASDAQ AMAT opened at $47.51 on Thursday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.60 and a quick ratio of 1.83. Applied Materials, Inc. has a twelve month low of $42.93 and a twelve month high of $62.40. The stock has a market capitalization of $48.52 billion, a P/E ratio of 14.62, a P/E/G ratio of 0.80 and a beta of 1.63.

Applied Materials (NASDAQ:AMAT) last released its earnings results on Thursday, May 17th. The manufacturing equipment provider reported $1.22 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $4.45 billion. During the same quarter last year, the company earned $0.79 earnings per share. sell-side analysts anticipate that Applied Materials, Inc. will post 4.58 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 13th. Investors of record on Thursday, August 23rd will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Wednesday, August 22nd. Applied Materials’s payout ratio is presently 24.62%.

AMAT has been the subject of a number of recent research reports. Citigroup upped their price objective on shares of Applied Materials from $70.00 to $78.00 and gave the stock a “buy” rating in a report on Monday, May 14th. Needham & Company LLC decreased their price target on shares of Applied Materials from $72.00 to $68.00 and set a “strong-buy” rating for the company in a report on Monday, May 21st. Goldman Sachs Group cut shares of Applied Materials from a “buy” rating to a “neutral” rating in a report on Friday, May 18th. BidaskClub cut shares of Applied Materials from a “buy” rating to a “hold” rating in a report on Thursday, April 26th. Finally, ValuEngine cut shares of Applied Materials from a “buy” rating to a “hold” rating in a report on Thursday, April 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. Applied Materials presently has an average rating of “Buy” and an average price target of $63.72.

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.

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

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