Invictus RG Acquires New Position in Applied Materials, Inc. (NASDAQ:AMAT)

Invictus RG acquired a new stake in Applied Materials, Inc. (NASDAQ:AMAT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,178 shares of the manufacturing equipment provider’s stock, valued at approximately $1,449,000. Applied Materials accounts for about 7.2% of Invictus RG’s investment portfolio, making the stock its 2nd biggest position.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Applied Materials by 0.3% during the second quarter. Vanguard Group Inc. now owns 73,525,390 shares of the manufacturing equipment provider’s stock worth $10,470,015,000 after purchasing an additional 190,682 shares in the last quarter. FMR LLC raised its holdings in Applied Materials by 13.6% in the second quarter. FMR LLC now owns 21,693,309 shares of the manufacturing equipment provider’s stock valued at $3,089,127,000 after acquiring an additional 2,593,318 shares in the last quarter. Capital International Investors increased its stake in Applied Materials by 1.0% in the first quarter. Capital International Investors now owns 17,720,393 shares of the manufacturing equipment provider’s stock valued at $2,367,378,000 after purchasing an additional 176,530 shares during the last quarter. Geode Capital Management LLC increased its stake in Applied Materials by 2.4% in the second quarter. Geode Capital Management LLC now owns 14,995,325 shares of the manufacturing equipment provider’s stock valued at $2,129,606,000 after purchasing an additional 358,338 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Applied Materials by 2.6% in the second quarter. Bank of New York Mellon Corp now owns 14,325,733 shares of the manufacturing equipment provider’s stock valued at $2,039,982,000 after purchasing an additional 362,435 shares during the last quarter. 75.37% of the stock is owned by hedge funds and other institutional investors.

AMAT has been the topic of several recent analyst reports. Susquehanna lowered shares of Applied Materials from a “positive” rating to a “neutral” rating and dropped their price target for the company from $170.00 to $160.00 in a research note on Tuesday, September 14th. Susquehanna Bancshares lowered shares of Applied Materials from a “positive” rating to a “neutral” rating and lowered their target price for the stock from $170.00 to $160.00 in a research report on Tuesday, September 14th. New Street Research lowered shares of Applied Materials from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $162.38 to $140.00 in a research report on Tuesday, September 28th. Mizuho raised their target price on shares of Applied Materials from $158.00 to $161.00 and gave the stock a “buy” rating in a research report on Friday, August 20th. Finally, Daiwa Capital Markets started coverage on shares of Applied Materials in a research report on Thursday, August 19th. They set an “outperform” rating and a $140.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $152.39.

Applied Materials stock traded up $2.53 during midday trading on Thursday, reaching $130.74. 208,407 shares of the company were exchanged, compared to its average volume of 8,473,251. The company has a market capitalization of $118.05 billion, a price-to-earnings ratio of 22.30, a P/E/G ratio of 1.03 and a beta of 1.44. The firm’s 50-day simple moving average is $133.93 and its 200-day simple moving average is $134.46. Applied Materials, Inc. has a 1 year low of $56.87 and a 1 year high of $146.00. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.17 and a current ratio of 2.98.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings data on Wednesday, August 18th. The manufacturing equipment provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.13. The firm had revenue of $6.20 billion during the quarter, compared to analysts’ expectations of $5.92 billion. Applied Materials had a return on equity of 49.27% and a net margin of 24.54%. During the same quarter last year, the business posted $1.06 EPS. On average, analysts forecast that Applied Materials, Inc. will post 6.84 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 16th. Shareholders of record on Friday, November 26th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Wednesday, November 24th. Applied Materials’s dividend payout ratio (DPR) is 23.02%.

In related news, SVP Ginetto Addiego sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 1st. The stock was sold at an average price of $134.83, for a total transaction of $5,393,200.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Daniel Durn sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 1st. The stock was sold at an average price of $134.59, for a total value of $672,950.00. The disclosure for this sale can be found here. Insiders sold a total of 51,000 shares of company stock valued at $6,928,710 in the last 90 days. 0.37% of the stock is owned by company insiders.

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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