Integrated Investment Consultants LLC Invests $240,000 in Applied Materials, Inc. (NASDAQ:AMAT)

Integrated Investment Consultants LLC purchased a new stake in shares of Applied Materials, Inc. (NASDAQ:AMATFree Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,479 shares of the manufacturing equipment provider’s stock, valued at approximately $240,000.

A number of other large investors have also modified their holdings of AMAT. Kaizen Financial Strategies raised its holdings in shares of Applied Materials by 2.0% in the fourth quarter. Kaizen Financial Strategies now owns 3,733 shares of the manufacturing equipment provider’s stock valued at $605,000 after buying an additional 72 shares during the last quarter. Impact Partnership Wealth LLC grew its holdings in shares of Applied Materials by 2.6% in the 3rd quarter. Impact Partnership Wealth LLC now owns 2,900 shares of the manufacturing equipment provider’s stock valued at $402,000 after buying an additional 73 shares during the period. Redwood Financial Network Corp lifted its holdings in Applied Materials by 4.6% during the third quarter. Redwood Financial Network Corp now owns 1,721 shares of the manufacturing equipment provider’s stock worth $238,000 after acquiring an additional 75 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its holdings in shares of Applied Materials by 1.8% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 4,343 shares of the manufacturing equipment provider’s stock valued at $601,000 after purchasing an additional 76 shares in the last quarter. Finally, Glenview Trust co grew its position in shares of Applied Materials by 0.3% in the 3rd quarter. Glenview Trust co now owns 28,027 shares of the manufacturing equipment provider’s stock valued at $3,880,000 after purchasing an additional 77 shares during the period. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Susquehanna upped their target price on shares of Applied Materials from $138.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, February 16th. Needham & Company LLC upped their price target on Applied Materials from $180.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Cantor Fitzgerald restated a “neutral” rating and set a $220.00 target price on shares of Applied Materials in a report on Monday, March 4th. Citigroup increased their price objective on shares of Applied Materials from $170.00 to $211.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Finally, TD Cowen lifted their target price on Applied Materials from $185.00 to $245.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $191.83.

Get Our Latest Report on Applied Materials

Applied Materials Stock Up 0.2 %

NASDAQ:AMAT traded up $0.38 during trading hours on Wednesday, reaching $206.49. The company had a trading volume of 420,628 shares, compared to its average volume of 6,386,118. Applied Materials, Inc. has a twelve month low of $109.00 and a twelve month high of $214.91. The company has a quick ratio of 1.91, a current ratio of 2.71 and a debt-to-equity ratio of 0.31. The firm has a market cap of $171.57 billion, a price-to-earnings ratio of 24.25, a P/E/G ratio of 3.16 and a beta of 1.59. The business’s 50-day simple moving average is $192.85 and its two-hundred day simple moving average is $163.33.

Applied Materials (NASDAQ:AMATGet Free Report) last posted its quarterly earnings results on Thursday, February 15th. The manufacturing equipment provider reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.23. Applied Materials had a return on equity of 43.56% and a net margin of 27.03%. The business had revenue of $6.71 billion for the quarter, compared to the consensus estimate of $6.48 billion. During the same period in the prior year, the business earned $2.03 EPS. The firm’s revenue for the quarter was down .4% on a year-over-year basis. On average, equities analysts expect that Applied Materials, Inc. will post 8.03 earnings per share for the current year.

Applied Materials Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 23rd will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date is Wednesday, May 22nd. This is a positive change from Applied Materials’s previous quarterly dividend of $0.32. Applied Materials’s payout ratio is 15.06%.

Applied Materials Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Applied Materials (NASDAQ:AMAT)

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