1,878 Shares in Applied Materials, Inc. (NASDAQ:AMAT) Purchased by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC acquired a new position in shares of Applied Materials, Inc. (NASDAQ:AMATFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,878 shares of the manufacturing equipment provider’s stock, valued at approximately $304,000.

Other institutional investors also recently made changes to their positions in the company. Global Wealth Management Investment Advisory Inc. raised its position in shares of Applied Materials by 76.9% in the third quarter. Global Wealth Management Investment Advisory Inc. now owns 230 shares of the manufacturing equipment provider’s stock valued at $32,000 after buying an additional 100 shares in the last quarter. L2 Asset Management LLC lifted its position in shares of Applied Materials by 795.0% during the 3rd quarter. L2 Asset Management LLC now owns 29,606 shares of the manufacturing equipment provider’s stock valued at $41,000 after acquiring an additional 26,298 shares during the period. OFI Invest Asset Management acquired a new stake in shares of Applied Materials during the 3rd quarter worth $42,000. First United Bank & Trust bought a new position in shares of Applied Materials in the fourth quarter worth $45,000. Finally, Tompkins Financial Corp acquired a new position in Applied Materials in the fourth quarter valued at about $49,000. Institutional investors own 80.56% of the company’s stock.

Analysts Set New Price Targets

AMAT has been the topic of several recent analyst reports. Cantor Fitzgerald raised shares of Applied Materials from a “neutral” rating to an “overweight” rating and raised their target price for the company from $220.00 to $260.00 in a report on Monday, April 8th. TD Cowen boosted their price objective on shares of Applied Materials from $185.00 to $245.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. Evercore ISI assumed coverage on Applied Materials in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $260.00 price target on the stock. B. Riley upped their price objective on Applied Materials from $175.00 to $220.00 and gave the stock a “buy” rating in a research report on Monday, February 12th. Finally, Mizuho lifted their target price on Applied Materials from $185.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, February 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $201.84.

Check Out Our Latest Research Report on AMAT

Applied Materials Price Performance

Shares of AMAT traded up $4.41 during midday trading on Wednesday, reaching $214.23. The stock had a trading volume of 1,754,387 shares, compared to its average volume of 5,748,200. The company’s 50-day moving average is $204.36 and its 200 day moving average is $177.71. The company has a market capitalization of $178.00 billion, a price-to-earnings ratio of 25.25, a price-to-earnings-growth ratio of 3.10 and a beta of 1.58. The company has a current ratio of 2.71, a quick ratio of 1.91 and a debt-to-equity ratio of 0.31. Applied Materials, Inc. has a 12-month low of $120.18 and a 12-month high of $214.91.

Applied Materials (NASDAQ:AMATGet Free Report) last released its quarterly earnings results on Thursday, February 15th. The manufacturing equipment provider reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.23. The business had revenue of $6.71 billion during the quarter, compared to analyst estimates of $6.48 billion. Applied Materials had a return on equity of 43.56% and a net margin of 27.03%. Applied Materials’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.03 EPS. On average, equities analysts predict that Applied Materials, Inc. will post 8.02 EPS for the current fiscal year.

Applied Materials Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 23rd will be given a $0.40 dividend. The ex-dividend date is Wednesday, May 22nd. This represents a $1.60 annualized dividend and a dividend yield of 0.75%. This is a positive change from Applied Materials’s previous quarterly dividend of $0.32. Applied Materials’s dividend payout ratio is currently 15.06%.

About Applied Materials

(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.

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

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