Measured Wealth Private Client Group LLC Has $274,000 Stake in Applied Materials, Inc. (NASDAQ:AMAT)

Measured Wealth Private Client Group LLC lessened its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 31.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,358 shares of the manufacturing equipment provider’s stock after selling 621 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Applied Materials were worth $274,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMAT. JT Stratford LLC grew its stake in shares of Applied Materials by 0.4% during the first quarter. JT Stratford LLC now owns 10,890 shares of the manufacturing equipment provider’s stock valued at $2,246,000 after buying an additional 48 shares during the last quarter. WASHINGTON TRUST Co lifted its holdings in Applied Materials by 3.3% in the second quarter. WASHINGTON TRUST Co now owns 1,556 shares of the manufacturing equipment provider’s stock valued at $367,000 after acquiring an additional 49 shares during the period. Optimum Investment Advisors boosted its stake in shares of Applied Materials by 1.3% during the 2nd quarter. Optimum Investment Advisors now owns 4,016 shares of the manufacturing equipment provider’s stock worth $948,000 after acquiring an additional 50 shares in the last quarter. SlateStone Wealth LLC lifted its position in shares of Applied Materials by 4.7% during the 2nd quarter. SlateStone Wealth LLC now owns 1,105 shares of the manufacturing equipment provider’s stock valued at $261,000 after buying an additional 50 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC lifted its position in shares of Applied Materials by 0.9% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 6,041 shares of the manufacturing equipment provider’s stock valued at $1,246,000 after acquiring an additional 54 shares in the last quarter. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Applied Materials Stock Performance

Shares of AMAT opened at $183.14 on Thursday. The company has a current ratio of 2.86, a quick ratio of 2.09 and a debt-to-equity ratio of 0.33. The company has a market cap of $151.64 billion, a price-to-earnings ratio of 21.30, a P/E/G ratio of 2.66 and a beta of 1.54. The business’s fifty day simple moving average is $192.41 and its two-hundred day simple moving average is $207.92. Applied Materials, Inc. has a 12 month low of $129.21 and a 12 month high of $255.89.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings data on Thursday, August 15th. The manufacturing equipment provider reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.10. Applied Materials had a return on equity of 39.99% and a net margin of 27.74%. The firm had revenue of $6.78 billion for the quarter, compared to analysts’ expectations of $6.68 billion. During the same period in the previous year, the firm earned $1.90 EPS. The business’s quarterly revenue was up 5.5% on a year-over-year basis. Research analysts anticipate that Applied Materials, Inc. will post 8.49 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be given a $0.40 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.60 annualized dividend and a yield of 0.87%. Applied Materials’s dividend payout ratio is currently 18.39%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. UBS Group reduced 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 note on Thursday, September 12th. B. Riley cut their price target on Applied Materials from $300.00 to $280.00 and set a “buy” rating for the company in a research note on Friday, August 16th. Susquehanna dropped their target price on shares of Applied Materials from $215.00 to $190.00 and set a “neutral” rating for the company in a report on Friday, October 11th. Dbs Bank lowered Applied Materials from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 16th. Finally, Stifel Nicolaus dropped their price target on shares of Applied Materials from $275.00 to $270.00 and set a “buy” rating for the company in a research report on Friday, August 16th. Eight analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $229.14.

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.