Jacobs & Co. CA Has $13.33 Million Position in Applied Materials, Inc. (NASDAQ:AMAT)

Jacobs & Co. CA raised its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 1.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 65,983 shares of the manufacturing equipment provider’s stock after acquiring an additional 1,142 shares during the quarter. Applied Materials makes up 1.3% of Jacobs & Co. CA’s portfolio, making the stock its 25th largest holding. Jacobs & Co. CA’s holdings in Applied Materials were worth $13,331,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. First National Bank of Mount Dora Trust Investment Services acquired a new stake in shares of Applied Materials in the first quarter valued at $1,764,000. GAMMA Investing LLC lifted its position in Applied Materials by 89.3% during the 2nd quarter. GAMMA Investing LLC now owns 8,988 shares of the manufacturing equipment provider’s stock valued at $2,121,000 after purchasing an additional 4,239 shares during the period. Sivia Capital Partners LLC boosted its stake in shares of Applied Materials by 5.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,338 shares of the manufacturing equipment provider’s stock valued at $552,000 after purchasing an additional 126 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Applied Materials by 5.4% during the 1st quarter. International Assets Investment Management LLC now owns 3,350 shares of the manufacturing equipment provider’s stock worth $699,000 after buying an additional 172 shares during the period. Finally, Calton & Associates Inc. acquired a new position in Applied Materials in the first quarter valued at approximately $243,000. Institutional investors own 80.56% of the company’s stock.

Applied Materials Stock Performance

NASDAQ AMAT opened at $201.15 on Thursday. The stock has a market cap of $166.55 billion, a PE ratio of 23.12, a P/E/G ratio of 2.30 and a beta of 1.55. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.09 and a current ratio of 2.86. The firm has a 50-day moving average of $194.64 and a 200-day moving average of $209.95. Applied Materials, Inc. has a 52-week low of $129.21 and a 52-week high of $255.89.

Applied Materials (NASDAQ:AMAT) last announced its earnings results on Thursday, August 15th. The manufacturing equipment provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.10. The company had revenue of $6.78 billion during the quarter, compared to analysts’ expectations of $6.68 billion. Applied Materials had a net margin of 27.74% and a return on equity of 39.99%. Applied Materials’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.90 earnings per share. On average, sell-side analysts anticipate that Applied Materials, Inc. will post 8.49 EPS for the current year.

Applied Materials Dividend Announcement

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. This represents a $1.60 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Thursday, November 21st. Applied Materials’s dividend payout ratio (DPR) is presently 18.39%.

Analysts Set New Price Targets

AMAT has been the subject of a number of analyst reports. Dbs Bank lowered shares of Applied Materials from a “strong-buy” rating to a “hold” rating in a report on Monday, September 16th. Morgan Stanley cut their target price on Applied Materials from $224.00 to $185.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 17th. Needham & Company LLC restated a “buy” rating and set a $260.00 target price on shares of Applied Materials in a report on Friday, August 16th. B. Riley lowered their price target on Applied Materials from $300.00 to $280.00 and set a “buy” rating for the company in a research note on Friday, August 16th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Applied Materials from $260.00 to $230.00 and set a “hold” rating on the stock in a research note on Friday, August 16th. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $231.05.

About Applied Materials

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.