HWG Holdings LP purchased a new stake in shares of Applied Materials, Inc. (NASDAQ:AMAT – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 604 shares of the manufacturing equipment provider’s stock, valued at approximately $143,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Redmont Wealth Advisors LLC bought a new stake in shares of Applied Materials during the 1st quarter valued at $26,000. Summit Securities Group LLC purchased a new position in Applied Materials during the 2nd quarter valued at about $26,000. Fairfield Financial Advisors LTD bought a new stake in Applied Materials during the second quarter worth about $28,000. Mark Sheptoff Financial Planning LLC purchased a new stake in Applied Materials in the first quarter worth about $35,000. Finally, RFP Financial Group LLC increased its stake in shares of Applied Materials by 96.6% during the first quarter. RFP Financial Group LLC now owns 173 shares of the manufacturing equipment provider’s stock valued at $36,000 after purchasing an additional 85 shares in the last quarter. 80.56% of the stock is owned by hedge funds and other institutional investors.
Applied Materials Price Performance
AMAT opened at $204.92 on Monday. 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 stock has a market capitalization of $169.67 billion, a P/E ratio of 23.55, a P/E/G ratio of 2.30 and a beta of 1.55. The company’s 50-day simple moving average is $195.62 and its two-hundred day simple moving average is $210.01. Applied Materials, Inc. has a 52-week low of $129.21 and a 52-week high of $255.89.
Applied Materials Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Thursday, November 21st. Applied Materials’s dividend payout ratio (DPR) is presently 18.39%.
Analysts Set New Price Targets
A number of brokerages have recently commented on AMAT. Morgan Stanley dropped their price target on Applied Materials from $224.00 to $185.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 17th. JPMorgan Chase & Co. boosted their target price on Applied Materials from $240.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. B. Riley reduced their price target on Applied Materials from $300.00 to $280.00 and set a “buy” rating for the company in a report on Friday, August 16th. Deutsche Bank Aktiengesellschaft lowered their price target on Applied Materials from $260.00 to $230.00 and set a “hold” rating for the company in a research report on Friday, August 16th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $260.00 price target on shares of Applied Materials in a research note on Friday, August 16th. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $231.05.
Check Out Our Latest Research Report on Applied Materials
About Applied Materials
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.
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