One Wealth Capital Management LLC bought a new stake in Applied Materials, Inc. (NASDAQ:AMAT – Free Report) during the second quarter, Holdings Channel reports. The institutional investor bought 1,270 shares of the manufacturing equipment provider’s stock, valued at approximately $232,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Maseco LLP purchased a new stake in Applied Materials during the 2nd quarter valued at approximately $30,000. Clal Insurance Enterprises Holdings Ltd lifted its position in 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 purchasing an additional 174 shares during the period. Activest Wealth Management lifted its position in shares of Applied Materials by 5,325.0% during the 1st 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. Quaker Wealth Management LLC raised its holdings in Applied Materials by 133.3% during the second quarter. Quaker Wealth Management LLC now owns 218 shares of the manufacturing equipment provider’s stock worth $40,000 after purchasing an additional 873 shares during the last quarter. Finally, RMG Wealth Management LLC purchased a new stake in Applied Materials during the second quarter worth $47,000. Hedge funds and other institutional investors own 80.56% of the company’s stock.
Applied Materials Stock Performance
Applied Materials stock opened at $230.07 on Friday. The stock’s 50-day moving average is $205.31 and its 200-day moving average is $183.96. The company has a market cap of $183.28 billion, a price-to-earnings ratio of 27.42, a price-to-earnings-growth ratio of 2.95 and a beta of 1.84. Applied Materials, Inc. has a 12 month low of $123.74 and a 12 month high of $242.50. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.50 and a quick ratio of 1.76.
Applied Materials Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be given 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 21.93%.
Analyst Ratings Changes
AMAT has been the subject of several research reports. Daiwa Capital Markets reaffirmed a “neutral” rating and set a $170.00 price target (down previously from $185.00) on shares of Applied Materials in a research note on Wednesday, August 20th. Stifel Nicolaus upped their target price on Applied Materials from $180.00 to $215.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Wolfe Research reduced their price objective 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. JPMorgan Chase & Co. boosted their target price on shares of Applied Materials from $210.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, August 15th. Finally, TD Cowen cut their price target on Applied Materials from $220.00 to $200.00 and set a “buy” rating for the company in a report on Friday, August 15th. Eighteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $210.96.
Check Out Our Latest Analysis 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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