Running Point Capital Advisors LLC Has $362,000 Holdings in Applied Materials, Inc. (NASDAQ:AMAT)

Running Point Capital Advisors LLC decreased its position in Applied Materials, Inc. (NASDAQ:AMAT) by 4.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,792 shares of the manufacturing equipment provider’s stock after selling 81 shares during the quarter. Running Point Capital Advisors LLC’s holdings in Applied Materials were worth $362,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AMAT. WASHINGTON TRUST Co boosted its stake in shares of Applied Materials by 3.3% during the 2nd quarter. WASHINGTON TRUST Co now owns 1,556 shares of the manufacturing equipment provider’s stock worth $367,000 after acquiring an additional 49 shares during the period. Optimum Investment Advisors lifted its stake in shares of Applied Materials by 1.3% during the 2nd quarter. Optimum Investment Advisors now owns 4,016 shares of the manufacturing equipment provider’s stock worth $948,000 after buying an additional 50 shares during the last quarter. SlateStone Wealth LLC raised its holdings in Applied Materials by 4.7% in the 2nd quarter. SlateStone Wealth LLC now owns 1,105 shares of the manufacturing equipment provider’s stock valued at $261,000 after acquiring an additional 50 shares during the period. Forum Financial Management LP boosted its holdings in shares of Applied Materials by 0.6% during the third quarter. Forum Financial Management LP now owns 9,143 shares of the manufacturing equipment provider’s stock worth $1,847,000 after acquiring an additional 53 shares during the period. Finally, Northwest Investment Counselors LLC grew its position in shares of Applied Materials by 0.9% in the second quarter. Northwest Investment Counselors LLC now owns 6,090 shares of the manufacturing equipment provider’s stock valued at $1,437,000 after purchasing an additional 54 shares during the last quarter. 80.56% of the stock is currently owned by institutional investors.

Applied Materials Stock Performance

Shares of NASDAQ:AMAT opened at $170.49 on Thursday. The company has a quick ratio of 1.87, a current ratio of 2.51 and a debt-to-equity ratio of 0.29. Applied Materials, Inc. has a 52 week low of $144.57 and a 52 week high of $255.89. The firm has a fifty day simple moving average of $190.26 and a two-hundred day simple moving average of $206.19. The stock has a market capitalization of $140.55 billion, a P/E ratio of 19.80, a PEG ratio of 1.59 and a beta of 1.56.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results on Thursday, November 14th. The manufacturing equipment provider reported $2.32 EPS for the quarter, beating the consensus estimate of $2.19 by $0.13. The company had revenue of $7.05 billion for the quarter, compared to the consensus estimate of $6.96 billion. Applied Materials had a net margin of 26.41% and a return on equity of 39.26%. The firm’s revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.12 EPS. On average, analysts expect that Applied Materials, Inc. will post 9.5 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend is Thursday, November 21st. Applied Materials’s dividend payout ratio (DPR) is presently 18.58%.

Analysts Set New Price Targets

AMAT has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft dropped their target price on Applied Materials from $220.00 to $200.00 and set a “hold” rating for the company in a report on Friday, November 15th. TD Cowen reduced their target price on Applied Materials from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Needham & Company LLC lowered their price objective on shares of Applied Materials from $240.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, November 15th. StockNews.com cut Applied Materials from a “buy” rating to a “hold” rating in a research report on Saturday, September 14th. Finally, B. Riley decreased their price target 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 equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $219.81.

Applied Materials Company 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.