Applied Materials, Inc. (NASDAQ:AMAT) Shares Bought by CFM Wealth Partners LLC

CFM Wealth Partners LLC raised its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 3.2% during the third quarter, Holdings Channel reports. The firm owned 15,503 shares of the manufacturing equipment provider’s stock after purchasing an additional 475 shares during the period. CFM Wealth Partners LLC’s holdings in Applied Materials were worth $3,197,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. First National Bank of Mount Dora Trust Investment Services acquired a new position in shares of Applied Materials in the 1st quarter valued at $1,764,000. GAMMA Investing LLC boosted its holdings in shares of Applied Materials by 89.3% in the 2nd quarter. GAMMA Investing LLC now owns 8,988 shares of the manufacturing equipment provider’s stock valued at $2,121,000 after purchasing an additional 4,239 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of Applied Materials by 5.7% in the 2nd 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 during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Applied Materials by 5.4% in the 1st 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 during the last quarter. Finally, Calton & Associates Inc. acquired a new position in shares of Applied Materials during the 1st quarter valued at $243,000. Institutional investors and hedge funds own 80.56% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on AMAT shares. Stifel Nicolaus reduced their target price on shares of Applied Materials from $275.00 to $270.00 and set a “buy” rating on the stock in a report on Friday, August 16th. Susquehanna reduced their target price on shares of Applied Materials from $215.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Applied Materials from $260.00 to $230.00 and set a “hold” rating on the stock in a report on Friday, August 16th. JPMorgan Chase & Co. lifted their target price on shares of Applied Materials from $240.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Finally, Wells Fargo & Company reduced their target price on shares of Applied Materials from $260.00 to $235.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Eight equities research 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 stock has a consensus rating of “Moderate Buy” and a consensus price target of $229.14.

Applied Materials Trading Down 10.7 %

Applied Materials stock opened at $191.02 on Wednesday. The company has a quick ratio of 2.09, a current ratio of 2.86 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average price of $195.73 and a two-hundred day moving average price of $209.72. The firm has a market capitalization of $158.16 billion, a price-to-earnings ratio of 21.96, a PEG ratio of 2.66 and a beta of 1.54. Applied Materials, Inc. has a 52-week low of $129.21 and a 52-week high of $255.89.

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

Applied Materials Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, November 21st. Applied Materials’s dividend payout ratio is currently 18.39%.

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.