Dempze Nancy E acquired a new position in shares of Applied Materials, Inc. (NASDAQ:AMAT – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 3,263 shares of the manufacturing equipment provider’s stock, valued at approximately $597,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Clear Creek Financial Management LLC grew its position in Applied Materials by 45.2% during the 2nd quarter. Clear Creek Financial Management LLC now owns 6,144 shares of the manufacturing equipment provider’s stock worth $1,125,000 after purchasing an additional 1,913 shares in the last quarter. H&H Retirement Design & Management INC grew its holdings in shares of Applied Materials by 2.9% during the 2nd quarter. H&H Retirement Design & Management INC now owns 3,037 shares of the manufacturing equipment provider’s stock valued at $585,000 after acquiring an additional 85 shares in the last quarter. Dohj LLC grew its holdings in shares of Applied Materials by 52.0% during the 2nd quarter. Dohj LLC now owns 7,400 shares of the manufacturing equipment provider’s stock valued at $1,355,000 after acquiring an additional 2,532 shares in the last quarter. Valmark Advisers Inc. grew its holdings in shares of Applied Materials by 21.1% during the 2nd quarter. Valmark Advisers Inc. now owns 2,259 shares of the manufacturing equipment provider’s stock valued at $414,000 after acquiring an additional 393 shares in the last quarter. Finally, WESPAC Advisors LLC purchased a new position in shares of Applied Materials during the 2nd quarter valued at $236,000. 80.56% of the stock is currently owned by hedge funds and other institutional investors.
Applied Materials Stock Up 2.8%
AMAT stock opened at $217.51 on Thursday. The firm has a market cap of $173.28 billion, a PE ratio of 25.92, a PEG ratio of 2.77 and a beta of 1.82. The company has a current ratio of 2.50, a quick ratio of 1.76 and a debt-to-equity ratio of 0.28. Applied Materials, Inc. has a 1 year low of $123.74 and a 1 year high of $226.49. The company has a fifty day simple moving average of $181.20 and a 200 day simple moving average of $170.63.
Applied Materials Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Thursday, November 20th will be issued a dividend of $0.46 per share. The ex-dividend date is Thursday, November 20th. This represents a $1.84 annualized dividend and a dividend yield of 0.8%. Applied Materials’s payout ratio is presently 21.93%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the stock. Wolfe Research lowered their price target on shares of Applied Materials from $230.00 to $200.00 and set an “outperform” rating on the stock in a report on Friday, August 15th. Cantor Fitzgerald restated an “overweight” rating and set a $225.00 price target on shares of Applied Materials in a report on Friday, October 3rd. Daiwa America cut shares of Applied Materials from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 20th. DZ Bank cut shares of Applied Materials from a “hold” rating to a “sell” rating and set a $150.00 price target on the stock. in a report on Friday, August 15th. Finally, Redburn Atlantic lowered shares of Applied Materials from a “strong-buy” rating to a “hold” rating and reduced their price objective for the company from $225.00 to $200.00 in a research note on Monday, July 7th. Seventeen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Applied Materials has a consensus rating of “Moderate Buy” and a consensus price target of $196.85.
View Our Latest Report on AMAT
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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