Bbva Compass Bancshares Inc. Boosts Stake in Applied Materials, Inc. (AMAT)

Bbva Compass Bancshares Inc. grew its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 105.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 6,402 shares of the manufacturing equipment provider’s stock after acquiring an additional 3,281 shares during the quarter. Bbva Compass Bancshares Inc.’s holdings in Applied Materials were worth $247,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kaizen Advisory LLC lifted its position 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 buying an additional 1,526 shares during the last quarter. Rational Advisors LLC lifted its position 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 buying an additional 2,551 shares during the last quarter. AdvisorNet Financial Inc lifted its position 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 buying an additional 1,709 shares during the last quarter. Whittier Trust Co. lifted its position 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 buying an additional 1,228 shares during the last quarter. Finally, ELM Advisors LLC bought a new stake in Applied Materials in the third quarter worth $157,000. Hedge funds and other institutional investors own 77.40% of the company’s stock.

A number of analysts recently issued reports on AMAT shares. Citigroup lowered their price target on Applied Materials from $68.00 to $57.00 and set a “buy” rating for the company in a research report on Tuesday, September 25th. Zacks Investment Research downgraded Applied Materials from a “hold” rating to a “sell” rating in a research report on Wednesday, October 17th. Royal Bank of Canada restated a “hold” rating and issued a $50.00 price target on shares of Applied Materials in a research report on Friday, August 17th. BidaskClub upgraded Applied Materials from a “strong sell” rating to a “sell” rating in a research report on Friday, November 2nd. Finally, B. Riley lowered their price target on Applied Materials from $70.00 to $63.00 and set a “buy” rating for the company in a research report on Friday, August 17th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $59.50.

NASDAQ:AMAT opened at $34.28 on Friday. Applied Materials, Inc. has a twelve month low of $30.53 and a twelve month high of $62.40. The firm has a market cap of $34.28 billion, a PE ratio of 10.55, a price-to-earnings-growth ratio of 0.96 and a beta of 1.60. The company has a quick ratio of 1.67, a current ratio of 2.52 and a debt-to-equity ratio of 0.78.

Applied Materials (NASDAQ:AMAT) last released its earnings results on Thursday, August 16th. The manufacturing equipment provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.03. Applied Materials had a return on equity of 58.23% and a net margin of 19.87%. The business had revenue of $4.47 billion during the quarter, compared to the consensus estimate of $4.42 billion. During the same period last year, the company earned $0.86 earnings per share. The business’s revenue for the quarter was up 19.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Applied Materials, Inc. will post 4.45 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Friday, November 23rd will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, November 21st. This represents a $0.80 annualized dividend and a dividend yield of 2.33%. Applied Materials’s dividend payout ratio (DPR) is 24.62%.

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Applied Materials Profile

Applied Materials, Inc engages in the provision of materials engineering solutions used to produce new chip and advanced display. It operates through the following segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment includes semiconductor capital equipment for deposition, etch, ion implantation, rapid thermal processing, chemical mechanical planarization, metrology and inspection, and wafer level packaging.

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

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