Blair William & Co. IL decreased its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 0.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 84,109 shares of the manufacturing equipment provider’s stock after selling 682 shares during the quarter. Blair William & Co. IL’s holdings in Applied Materials were worth $15,398,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently modified their holdings of AMAT. Runnymede Capital Advisors Inc. raised its holdings in shares of Applied Materials by 972.2% during the first quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider’s stock valued at $28,000 after purchasing an additional 175 shares during the period. Smallwood Wealth Investment Management LLC bought a new stake in shares of Applied Materials during the first quarter valued at approximately $29,000. Maseco LLP acquired a new position in shares of Applied Materials during the second quarter worth approximately $30,000. Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of Applied Materials by 435.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider’s stock worth $31,000 after purchasing an additional 174 shares in the last quarter. Finally, Activest Wealth Management grew its position in Applied Materials by 5,325.0% in the 1st quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider’s stock valued at $31,000 after purchasing an additional 213 shares during the period. Institutional investors and hedge funds own 80.56% of the company’s stock.
Applied Materials Price Performance
Shares of NASDAQ AMAT opened at $209.95 on Friday. The company has a market capitalization of $167.25 billion, a PE ratio of 25.02, a PEG ratio of 2.89 and a beta of 1.82. The company has a quick ratio of 1.76, a current ratio of 2.50 and a debt-to-equity ratio of 0.28. The stock’s 50 day moving average price is $182.60 and its 200-day moving average price is $171.47. Applied Materials, Inc. has a twelve month low of $123.74 and a twelve month high of $226.49.
Applied Materials Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Thursday, November 20th. Applied Materials’s dividend payout ratio (DPR) is 21.93%.
Analyst Ratings Changes
Several research firms have weighed in on AMAT. JPMorgan Chase & Co. upped their price objective on shares of Applied Materials from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, August 15th. Citigroup lowered their target price on shares of Applied Materials from $220.00 to $205.00 and set a “buy” rating on the stock in a report on Friday, August 15th. Wells Fargo & Company lifted their price target on Applied Materials from $240.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft lowered their price objective on Applied Materials from $200.00 to $170.00 and set a “hold” rating for the company in a research note on Friday, August 15th. Finally, Wolfe Research cut their target price on Applied Materials from $230.00 to $200.00 and set an “outperform” rating on the stock in a research report on Friday, August 15th. Seventeen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $200.50.
Check Out Our Latest Research Report on AMAT
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.
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