Wealthstream Advisors Inc. bought a new stake in Applied Materials, Inc. (NASDAQ:AMAT – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,105 shares of the manufacturing equipment provider’s stock, valued at approximately $202,000.
Other institutional investors also recently modified their holdings of the company. Maseco LLP bought a new stake in shares of Applied Materials in the second quarter valued at about $30,000. Runnymede Capital Advisors Inc. boosted its position in shares of Applied Materials by 972.2% in the first quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider’s stock valued at $28,000 after acquiring an additional 175 shares during the period. Smallwood Wealth Investment Management LLC bought a new stake in shares of Applied Materials in the first quarter valued at about $29,000. Clal Insurance Enterprises Holdings Ltd boosted its position in shares of Applied Materials by 435.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider’s stock valued at $31,000 after acquiring an additional 174 shares during the period. Finally, Activest Wealth Management boosted its position in shares of Applied Materials by 5,325.0% in the first quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider’s stock valued at $31,000 after acquiring an additional 213 shares during the period. Institutional investors own 80.56% of the company’s stock.
Applied Materials Stock Down 1.2%
Shares of NASDAQ AMAT opened at $224.99 on Friday. The company has a current ratio of 2.50, a quick ratio of 1.76 and a debt-to-equity ratio of 0.28. The company has a market cap of $179.24 billion, a price-to-earnings ratio of 26.82, a PEG ratio of 2.81 and a beta of 1.82. Applied Materials, Inc. has a 12 month low of $123.74 and a 12 month high of $232.07. The stock has a 50-day moving average price of $186.80 and a two-hundred day moving average price of $174.30.
Applied Materials Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $1.84 annualized dividend and a yield of 0.8%. Applied Materials’s payout ratio is presently 21.93%.
Analyst Ratings Changes
AMAT has been the subject of a number of recent research reports. Stifel Nicolaus boosted their target price on shares of Applied Materials from $180.00 to $215.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Summit Insights downgraded Applied Materials from a “buy” rating to a “hold” rating in a research note on Friday, August 15th. Rothschild & Co Redburn downgraded Applied Materials from a “buy” rating to a “neutral” rating and set a $200.00 price target for the company. in a research note on Monday, July 7th. Redburn Atlantic downgraded Applied Materials from a “strong-buy” rating to a “hold” rating and dropped their price target for the company from $225.00 to $200.00 in a research note on Monday, July 7th. Finally, TD Cowen dropped their price target on Applied Materials from $220.00 to $200.00 and set a “buy” rating for the company in a research note on Friday, August 15th. Eighteen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $206.08.
Get Our Latest Stock Report on Applied Materials
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.
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