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Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Applied Materials by 11.0% during the 3rd quarter, with 207,028 shares of the manufacturing equipment provider’s stock. Applied Materials’ total worth is now estimated at $28,663,000 based on its most recent SEC filing. Other large investors have also made changes to their positions in the company. Chelsea Counsel Co. acquired a new stake worth $28,000, Wedge Capital Management now owns 555,090 shares, and there is an institutional investor and hedge funds ownership of 77.24% of the company’s stock.

SVP Omkaram Nalamasu sold 23,228 shares of AMAT for an average of $162.45 each, amounting to a total transaction of $3,773,388.60. Of the company’s stock, 0.25% is currently owned by insiders.

A number of analysts have weighed in on AMAT shares. Market earned an average rating of “Moderate Buy” and an average target price of $164.21. According to analysts, Applied Materials has an average rating of “Moderate Buy” with a target price of $164.21.

Applied Materials last posted its earnings results on Thursday, November 16th, exceeding the consensus estimate of $1.98 and reporting a $2.12 EPS for the quarter. The company had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.52 billion. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis.

AMAT opened at $149.00 on Friday. The company has a current ratio of 2.60, a quick ratio of 1.82, a debt-to-equity ratio of 0.33, and a market cap of $123.83 billion. Analysts predict that Applied Materials, Inc. will post 7.51 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 14th. Stockholders of record on Thursday, February 22nd will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.86%.

Applied Materials, Inc provides manufacturing equipment 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 company’s Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment used to fabricate semiconductor chips or integrated circuits.



Read more: Raymond James Financial Services Advisors Inc. Acquires 20,491 Shares of Applied Materials, Inc. (NASDAQ:AMAT)