Integris Wealth Management LLC Buys 198 Shares of Applied Materials, Inc. (NASDAQ:AMAT)

Integris Wealth Management LLC grew its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 16.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,436 shares of the manufacturing equipment provider’s stock after buying an additional 198 shares during the period. Integris Wealth Management LLC’s holdings in Applied Materials were worth $234,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. EdgePoint Investment Group Inc. increased its stake in shares of Applied Materials by 341.0% in the third quarter. EdgePoint Investment Group Inc. now owns 2,857,155 shares of the manufacturing equipment provider’s stock worth $577,288,000 after purchasing an additional 2,209,218 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Applied Materials by 67.8% in the 3rd quarter. Janus Henderson Group PLC now owns 4,663,133 shares of the manufacturing equipment provider’s stock worth $942,187,000 after buying an additional 1,884,153 shares during the period. Van ECK Associates Corp increased its stake in Applied Materials by 29.8% in the 3rd quarter. Van ECK Associates Corp now owns 6,571,178 shares of the manufacturing equipment provider’s stock worth $1,327,707,000 after buying an additional 1,509,439 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Applied Materials by 262.5% during the third quarter. Assenagon Asset Management S.A. now owns 1,390,501 shares of the manufacturing equipment provider’s stock valued at $280,951,000 after acquiring an additional 1,006,937 shares during the period. Finally, Alkeon Capital Management LLC boosted its stake in shares of Applied Materials by 87.7% in the third quarter. Alkeon Capital Management LLC now owns 1,877,133 shares of the manufacturing equipment provider’s stock worth $379,275,000 after acquiring an additional 877,133 shares during the period. 80.56% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Stifel Nicolaus decreased their target price on Applied Materials from $270.00 to $250.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. Susquehanna boosted their target price on shares of Applied Materials from $155.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Mizuho cut their target price on shares of Applied Materials from $220.00 to $210.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Barclays decreased their price target on shares of Applied Materials from $225.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Finally, Morgan Stanley restated an “underweight” rating and set a $164.00 price objective (down previously from $179.00) on shares of Applied Materials in a research report on Thursday, December 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, Applied Materials has a consensus rating of “Moderate Buy” and an average price target of $218.71.

Applied Materials Stock Performance

Shares of NASDAQ:AMAT opened at $181.72 on Friday. The firm’s 50 day simple moving average is $174.24 and its 200-day simple moving average is $187.55. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.87 and a current ratio of 2.51. Applied Materials, Inc. has a one year low of $158.96 and a one year high of $255.89. The firm has a market cap of $147.68 billion, a PE ratio of 21.11, a price-to-earnings-growth ratio of 1.79 and a beta of 1.53.

Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, November 14th. The manufacturing equipment provider reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.19 by $0.13. Applied Materials had a return on equity of 39.26% and a net margin of 26.41%. The business had revenue of $7.05 billion during the quarter, compared to analyst estimates of $6.96 billion. During the same period in the previous year, the company posted $2.12 EPS. Applied Materials’s revenue was up 4.8% on a year-over-year basis. As a group, equities analysts predict that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be issued a $0.40 dividend. The ex-dividend date is Thursday, February 20th. This represents a $1.60 annualized dividend and a dividend yield of 0.88%. Applied Materials’s dividend payout ratio is currently 18.58%.

Applied Materials 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.