Applied Materials, Inc. (NASDAQ:AMAT) Shares Purchased by Conscious Wealth Investments LLC

Conscious Wealth Investments LLC grew its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 1.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,567 shares of the manufacturing equipment provider’s stock after purchasing an additional 246 shares during the period. Applied Materials makes up about 1.9% of Conscious Wealth Investments LLC’s holdings, making the stock its 26th biggest position. Conscious Wealth Investments LLC’s holdings in Applied Materials were worth $2,857,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Forum Financial Management LP raised its position in Applied Materials by 0.6% in the third quarter. Forum Financial Management LP now owns 9,143 shares of the manufacturing equipment provider’s stock worth $1,847,000 after acquiring an additional 53 shares in the last quarter. Sargent Investment Group LLC grew its stake in shares of Applied Materials by 4.0% during the 3rd quarter. Sargent Investment Group LLC now owns 1,415 shares of the manufacturing equipment provider’s stock worth $286,000 after purchasing an additional 55 shares during the period. Biltmore Family Office LLC increased its holdings in shares of Applied Materials by 5.3% in the 3rd quarter. Biltmore Family Office LLC now owns 1,093 shares of the manufacturing equipment provider’s stock valued at $221,000 after purchasing an additional 55 shares in the last quarter. Field & Main Bank lifted its stake in shares of Applied Materials by 1.8% in the fourth quarter. Field & Main Bank now owns 3,170 shares of the manufacturing equipment provider’s stock valued at $516,000 after purchasing an additional 55 shares during the period. Finally, BSW Wealth Partners boosted its holdings in Applied Materials by 1.3% during the third quarter. BSW Wealth Partners now owns 4,259 shares of the manufacturing equipment provider’s stock worth $860,000 after buying an additional 56 shares in the last quarter. 80.56% of the stock is owned by institutional investors and hedge funds.

Applied Materials Price Performance

Shares of NASDAQ AMAT opened at $171.98 on Monday. The company has a quick ratio of 1.96, a current ratio of 2.67 and a debt-to-equity ratio of 0.29. Applied Materials, Inc. has a fifty-two week low of $158.96 and a fifty-two week high of $255.89. The business has a 50 day moving average price of $175.64 and a two-hundred day moving average price of $183.90. The firm has a market cap of $139.77 billion, a PE ratio of 22.48, a price-to-earnings-growth ratio of 1.85 and a beta of 1.53.

Applied Materials (NASDAQ:AMAT) last released its earnings results on Thursday, February 13th. The manufacturing equipment provider reported $2.38 EPS for the quarter, beating the consensus estimate of $2.28 by $0.10. Applied Materials had a return on equity of 39.50% and a net margin of 22.95%. Sell-side analysts expect that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be given a $0.40 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $1.60 annualized dividend and a dividend yield of 0.93%. Applied Materials’s payout ratio is 20.92%.

Analyst Upgrades and Downgrades

AMAT has been the subject of a number of research analyst reports. Sanford C. Bernstein dropped their target price on shares of Applied Materials from $220.00 to $210.00 and set an “outperform” rating for the company in a report on Friday, November 29th. Stifel Nicolaus lowered their price target on Applied Materials from $250.00 to $235.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. TD Cowen reduced their price objective on Applied Materials from $250.00 to $230.00 and set a “buy” rating for the company in a report on Friday, November 15th. Cantor Fitzgerald reissued an “overweight” rating and issued a $250.00 target price on shares of Applied Materials in a report on Friday, November 15th. Finally, Evercore ISI cut their price target on Applied Materials from $260.00 to $250.00 and set an “outperform” rating for the company in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Applied Materials currently has a consensus rating of “Moderate Buy” and an average target price of $215.38.

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.