Delphi Management Inc. MA Has $1.83 Million Stake in Applied Materials, Inc. (NASDAQ:AMAT)

Delphi Management Inc. MA decreased its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 2.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,745 shares of the manufacturing equipment provider’s stock after selling 175 shares during the quarter. Applied Materials makes up about 1.5% of Delphi Management Inc. MA’s investment portfolio, making the stock its 15th biggest holding. Delphi Management Inc. MA’s holdings in Applied Materials were worth $1,828,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Gilbert & Cook Inc. lifted its stake in Applied Materials by 11.1% in the fourth quarter. Gilbert & Cook Inc. now owns 4,182 shares of the manufacturing equipment provider’s stock valued at $678,000 after acquiring an additional 418 shares during the last quarter. Gryphon Financial Partners LLC lifted its stake in Applied Materials by 5.5% in the fourth quarter. Gryphon Financial Partners LLC now owns 1,609 shares of the manufacturing equipment provider’s stock valued at $249,000 after acquiring an additional 84 shares during the last quarter. Evoke Wealth LLC acquired a new stake in Applied Materials in the fourth quarter valued at $233,000. Eagle Asset Management Inc. lifted its stake in Applied Materials by 3.4% in the fourth quarter. Eagle Asset Management Inc. now owns 33,304 shares of the manufacturing equipment provider’s stock valued at $5,398,000 after acquiring an additional 1,103 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in Applied Materials by 17.0% in the fourth quarter. Jones Financial Companies Lllp now owns 1,067 shares of the manufacturing equipment provider’s stock valued at $173,000 after acquiring an additional 155 shares during the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.

Applied Materials Price Performance

AMAT stock opened at $202.05 on Tuesday. 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 52-week low of $129.21 and a 52-week high of $255.89. The company has a market capitalization of $167.29 billion, a P/E ratio of 23.22, a PEG ratio of 2.30 and a beta of 1.55. The company has a fifty day moving average price of $195.19 and a 200-day moving average price of $210.02.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings data on Thursday, August 15th. The manufacturing equipment provider reported $2.12 earnings per share 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 for the quarter, compared to analysts’ expectations of $6.68 billion. During the same quarter in the previous year, the firm posted $1.90 earnings per share. Applied Materials’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, equities analysts expect that Applied Materials, Inc. will post 8.49 EPS 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 of this dividend is Thursday, November 21st. This represents a $1.60 annualized dividend and a dividend yield of 0.79%. Applied Materials’s dividend payout ratio is 18.39%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. UBS Group cut their target price on shares of Applied Materials from $220.00 to $210.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. Citigroup cut their target price on shares of Applied Materials from $240.00 to $217.00 and set a “buy” rating for the company in a research note on Monday, September 16th. Mizuho cut their target price on shares of Applied Materials from $245.00 to $225.00 and set an “outperform” rating for the company in a research note on Friday, September 20th. Wells Fargo & Company raised their price target on shares of Applied Materials from $255.00 to $280.00 and gave the stock an “overweight” rating in a research report on Monday, June 17th. Finally, B. Riley decreased their target price on shares of Applied Materials from $300.00 to $280.00 and set a “buy” rating on the stock in a report on Friday, August 16th. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $231.05.

Applied Materials Profile

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.