HHM Wealth Advisors LLC decreased its position in shares of Applied Materials, Inc. (NASDAQ:AMAT – Get Rating) by 75.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 370 shares of the manufacturing equipment provider’s stock after selling 1,139 shares during the quarter. HHM Wealth Advisors LLC’s holdings in Applied Materials were worth $30,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Walleye Capital LLC boosted its position in shares of Applied Materials by 184.4% during the second quarter. Walleye Capital LLC now owns 16,830 shares of the manufacturing equipment provider’s stock valued at $1,531,000 after buying an additional 10,913 shares during the last quarter. Trust Co. of Virginia VA boosted its position in Applied Materials by 2.3% in the second quarter. Trust Co. of Virginia VA now owns 6,578 shares of the manufacturing equipment provider’s stock worth $599,000 after purchasing an additional 149 shares during the last quarter. Chilton Capital Management LLC purchased a new position in Applied Materials in the second quarter worth $40,000. Capital Analysts LLC boosted its position in Applied Materials by 11.3% in the second quarter. Capital Analysts LLC now owns 1,474 shares of the manufacturing equipment provider’s stock worth $134,000 after purchasing an additional 150 shares during the last quarter. Finally, Welch & Forbes LLC boosted its position in Applied Materials by 14.6% in the third quarter. Welch & Forbes LLC now owns 6,439 shares of the manufacturing equipment provider’s stock worth $528,000 after purchasing an additional 821 shares during the last quarter. Hedge funds and other institutional investors own 75.22% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft boosted their price objective on Applied Materials from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, November 18th. Evercore ISI boosted their price objective on Applied Materials from $100.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, November 18th. Needham & Company LLC upped their price target on Applied Materials from $90.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, November 18th. The Goldman Sachs Group upped their price target on Applied Materials to $105.00 in a research report on Monday, November 21st. Finally, StockNews.com raised Applied Materials from a “hold” rating to a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $117.64.
Insider Buying and Selling
Applied Materials Price Performance
AMAT opened at $112.99 on Wednesday. The stock has a 50-day moving average price of $105.04 and a 200-day moving average price of $97.77. Applied Materials, Inc. has a 12-month low of $71.12 and a 12-month high of $145.16. The company has a current ratio of 2.16, a quick ratio of 1.35 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $95.38 billion, a P/E ratio of 15.19, a PEG ratio of 2.37 and a beta of 1.56.
Applied Materials (NASDAQ:AMAT – Get Rating) last posted its quarterly earnings data on Thursday, November 17th. The manufacturing equipment provider reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.31. Applied Materials had a return on equity of 56.62% and a net margin of 25.31%. The firm had revenue of $6.75 billion during the quarter, compared to analysts’ expectations of $6.44 billion. During the same period in the prior year, the business earned $1.94 EPS. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. Equities analysts predict that Applied Materials, Inc. will post 6.74 earnings per share for the current fiscal year.
Applied Materials Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 16th. Investors of record on Thursday, February 23rd will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, February 22nd. This represents a $1.04 annualized dividend and a yield of 0.92%. Applied Materials’s payout ratio is 13.98%.
Applied Materials Company Profile
Applied Materials, Inc provides manufacturing equipment, services and software to the semiconductor, display and related industries. It operates through the following segments: Semiconductor Systems, Applied Global Services, and Display & Adjacent Markets. The Semiconductor Systems segment includes semiconductor capital equipment for etch, rapid thermal processing, deposition, chemical mechanical planarization, metrology and inspection, wafer packaging, and ion implantation.
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