Drucker Wealth 3.0 LLC grew its holdings in Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 171.4% in the 2nd quarter, Holdings Channel reports. The fund owned 10,371 shares of the manufacturing equipment provider’s stock after purchasing an additional 6,550 shares during the quarter. Drucker Wealth 3.0 LLC’s holdings in Applied Materials were worth $2,026,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds 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 approximately $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 approximately $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. 80.56% of the stock is owned by institutional investors.
Applied Materials Stock Performance
Applied Materials stock opened at $209.95 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.50 and a quick ratio of 1.76. The stock has a fifty day moving average price of $182.60 and a two-hundred day moving average price of $171.47. Applied Materials, Inc. has a 52-week low of $123.74 and a 52-week high of $226.49. The firm has a market capitalization of $167.25 billion, a P/E ratio of 25.02, a P/E/G ratio of 2.89 and a beta of 1.82.
Applied Materials Dividend Announcement
The business also recently disclosed 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. This represents a $1.84 annualized dividend and a yield of 0.9%. The ex-dividend date is Thursday, November 20th. Applied Materials’s dividend payout ratio is currently 21.93%.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on AMAT. DZ Bank cut Applied Materials from a “hold” rating to a “sell” rating and set a $150.00 price objective for the company. in a research report on Friday, August 15th. Stifel Nicolaus reduced their target price on Applied Materials from $195.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, August 15th. Wolfe Research reduced their target price on Applied Materials from $230.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday, August 15th. Cfra Research raised Applied Materials to a “hold” rating in a research report on Friday, August 15th. Finally, Wells Fargo & Company raised their target price on Applied Materials from $240.00 to $250.00 and gave the stock an “overweight” rating in a research report on Wednesday. Seventeen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Applied Materials currently has an average rating of “Moderate Buy” and a consensus price target of $200.50.
Get Our Latest Stock Analysis 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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