2 weeks Ago By ABMN Staff
Peloton Wealth Strategists cut its holdings in Applied Materials, Inc. ( NASDAQ:AMAT – Free Report ) by 3.2% during the 2nd quarter, Holdings Channel.
com reports. The institutional investor owned 26,005 shares of the manufacturing equipment provider’s stock after selling 855 shares during the quarter. Applied Materials accounts for 2.
5% of Peloton Wealth Strategists’ investment portfolio, making the stock its 11th biggest holding. Peloton Wealth Strategists’ holdings in Applied Materials were worth $6,137,000 as of its most recent filing with the SEC. A number of other institutional investors and hedge funds have also recently modified their holdings of the business.
Summit Securities Group LLC bought a new stake in Applied Materials in the 2nd quarter valued at about $26,000. Fairfield Financial Advisors LTD acquired a new stake in Applied Materials in the second quarter valued at approximately $28,000. Redmont Wealth Advisors LLC bought a new stake in shares of Applied Materials during the first quarter valued at approximately $26,000.
PSI Advisors LLC lifted its holdings in shares of Applied Materials by 56.0% in the 2nd quarter. PSI Advisors LLC now owns 156 shares of the manufacturing equipment provider’s stock worth $37,000 after purchasing an additional 56 shares in the last quarter.
Finally, Mark Sheptoff Financial Planning LLC bought a new position in shares of Applied Materials in the 1st quarter worth $35,000. 80.56% of the stock is currently owned by institutional investors.
Applied Materials Stock Performance Shares of AMAT opened at $204.92 on Friday. The firm has a market cap of $169.
67 billion, a PE ratio of 23.55, a PEG ratio of 2.30 and a beta of 1.
55. The stock’s fifty day moving average price is $195.73 and its two-hundred day moving average price is $209.
89. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.
86 and a quick ratio of 2.09. Applied Materials, Inc.
has a 1 year low of $129.21 and a 1 year high of $255.89.
Applied Materials Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be issued a $0.40 dividend.
This represents a $1.60 annualized dividend and a yield of 0.78%.
The ex-dividend date of this dividend is Thursday, November 21st. Applied Materials’s dividend payout ratio (DPR) is presently 18.39%.
Wall Street Analysts Forecast Growth A number of analysts have commented on the stock. Cantor Fitzgerald restated an “overweight” rating and set a $250.00 price target on shares of Applied Materials in a research note on Friday, August 16th.
UBS Group dropped their price target on shares of Applied Materials from $220.00 to $210.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th.
Wells Fargo & Company increased their price objective on Applied Materials from $255.00 to $280.00 and gave the stock an “overweight” rating in a research note on Monday, June 17th.
Citigroup dropped their target price on Applied Materials from $240.00 to $217.00 and set a “buy” rating on the stock in a report on Monday, September 16th.
Finally, JPMorgan Chase & Co. upped their price target on Applied Materials from $240.00 to $250.
00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.
com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $231.05. Read Our Latest Stock Analysis on AMAT Applied Materials 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 Want to see what other hedge funds are holding AMAT? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Applied Materials, Inc. ( NASDAQ:AMAT – Free Report ). Receive News & Ratings for Applied Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Materials and related companies with MarketBeat.
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