Applied Materials, Inc. (NASDAQ:AMAT) Shares Bought by Avitas Wealth Management LLC

Avitas Wealth Management LLC grew its position in shares of Applied Materials, Inc. (NASDAQ:AMATFree Report) by 24.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,238 shares of the manufacturing equipment provider’s stock after purchasing an additional 9,980 shares during the quarter. Applied Materials makes up about 1.1% of Avitas Wealth Management LLC’s portfolio, making the stock its 21st biggest holding. Avitas Wealth Management LLC’s holdings in Applied Materials were worth $8,170,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in AMAT. E. Ohman J or Asset Management AB boosted its stake in shares of Applied Materials by 10.9% during the 4th quarter. E. Ohman J or Asset Management AB now owns 37,742 shares of the manufacturing equipment provider’s stock worth $6,138,000 after acquiring an additional 3,710 shares in the last quarter. Welch Group LLC boosted its stake in shares of Applied Materials by 6.2% during the 4th quarter. Welch Group LLC now owns 1,598 shares of the manufacturing equipment provider’s stock worth $261,000 after acquiring an additional 93 shares in the last quarter. RBA Wealth Management LLC purchased a new stake in shares of Applied Materials during the 4th quarter worth about $4,337,000. Calamos Wealth Management LLC boosted its stake in shares of Applied Materials by 4.8% during the 4th quarter. Calamos Wealth Management LLC now owns 28,276 shares of the manufacturing equipment provider’s stock worth $4,599,000 after acquiring an additional 1,286 shares in the last quarter. Finally, Columbus Macro LLC boosted its stake in shares of Applied Materials by 26.6% during the 4th quarter. Columbus Macro LLC now owns 1,358 shares of the manufacturing equipment provider’s stock worth $221,000 after acquiring an additional 285 shares in the last quarter. 80.56% of the stock is owned by hedge funds and other institutional investors.

Applied Materials Stock Down 0.1 %

Shares of NASDAQ AMAT opened at $178.56 on Wednesday. The company has a 50 day simple moving average of $174.56 and a 200-day simple moving average of $186.14. The company has a market capitalization of $145.12 billion, a P/E ratio of 20.74, a P/E/G ratio of 1.84 and a beta of 1.53. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.51 and a quick ratio of 1.87. Applied Materials, Inc. has a 1 year low of $158.96 and a 1 year high of $255.89.

Applied Materials (NASDAQ:AMATGet Free Report) last posted its quarterly earnings data on Thursday, November 14th. The manufacturing equipment provider reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.19 by $0.13. The firm had revenue of $7.05 billion during the quarter, compared to analysts’ expectations of $6.96 billion. Applied Materials had a net margin of 26.41% and a return on equity of 39.26%. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the company posted $2.12 EPS. On average, equities research analysts predict that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, February 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.90%. Applied Materials’s payout ratio is currently 18.58%.

Analyst Upgrades and Downgrades

AMAT has been the topic of several recent analyst reports. Stifel Nicolaus lowered their target price on shares of Applied Materials from $270.00 to $250.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. TD Cowen reduced their price target on shares of Applied Materials from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Morgan Stanley restated an “underweight” rating and set a $164.00 price target (down previously from $179.00) on shares of Applied Materials in a research report on Thursday, December 5th. Wells Fargo & Company reduced their price target on shares of Applied Materials from $210.00 to $200.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Finally, Barclays reduced their price target on shares of Applied Materials from $225.00 to $200.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, Applied Materials currently has an average rating of “Moderate Buy” and a consensus price target of $218.71.

Read Our Latest Research Report on AMAT

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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