Accurate Wealth Management LLC Buys 226 Shares of Applied Materials, Inc. (NASDAQ:AMAT)

Accurate Wealth Management LLC lifted its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 2.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,709 shares of the manufacturing equipment provider’s stock after buying an additional 226 shares during the quarter. Accurate Wealth Management LLC’s holdings in Applied Materials were worth $1,666,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in shares of Applied Materials by 89.3% during the second quarter. GAMMA Investing LLC now owns 8,988 shares of the manufacturing equipment provider’s stock worth $2,121,000 after buying an additional 4,239 shares in the last quarter. Sivia Capital Partners LLC raised its stake in Applied Materials by 5.7% in the second quarter. Sivia Capital Partners LLC now owns 2,338 shares of the manufacturing equipment provider’s stock valued at $552,000 after purchasing an additional 126 shares in the last quarter. International Assets Investment Management LLC raised its stake in Applied Materials by 5.4% in the first quarter. International Assets Investment Management LLC now owns 3,350 shares of the manufacturing equipment provider’s stock valued at $699,000 after purchasing an additional 172 shares in the last quarter. Calton & Associates Inc. acquired a new position in Applied Materials in the first quarter valued at about $243,000. Finally, Avantax Advisory Services Inc. raised its stake in Applied Materials by 17.3% in the first quarter. Avantax Advisory Services Inc. now owns 23,949 shares of the manufacturing equipment provider’s stock valued at $4,939,000 after purchasing an additional 3,529 shares in the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.

Applied Materials Price Performance

Shares of AMAT opened at $186.36 on Friday. Applied Materials, Inc. has a 52-week low of $129.21 and a 52-week high of $255.89. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.09 and a current ratio of 2.86. The business’s 50 day moving average price is $195.61 and its two-hundred day moving average price is $209.21. The firm has a market cap of $154.30 billion, a PE ratio of 21.42, a price-to-earnings-growth ratio of 2.66 and a beta of 1.54.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results on Thursday, August 15th. The manufacturing equipment provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $6.68 billion. During the same period in the previous year, the firm earned $1.90 earnings per share. The company’s revenue was up 5.5% compared to the same quarter last year. On average, equities analysts anticipate that Applied Materials, Inc. will post 8.49 EPS for the current year.

Applied Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.86%. The ex-dividend date is Thursday, November 21st. Applied Materials’s dividend payout ratio (DPR) is presently 18.39%.

Analysts Set New Price Targets

AMAT has been the subject of a number of analyst reports. UBS Group dropped their price target on Applied Materials from $220.00 to $210.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. Wells Fargo & Company dropped their price target on Applied Materials from $260.00 to $235.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Stifel Nicolaus decreased their target price on Applied Materials from $275.00 to $270.00 and set a “buy” rating on the stock in a research report on Friday, August 16th. Citigroup decreased their target price on Applied Materials from $240.00 to $217.00 and set a “buy” rating on the stock in a research report on Monday, September 16th. Finally, JPMorgan Chase & Co. lifted their target price on Applied Materials from $240.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Applied Materials presently has a consensus rating of “Moderate Buy” and an average price target of $229.14.

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.