Applied Materials, Inc. (NASDAQ:AMAT) Shares Purchased by Journey Strategic Wealth LLC

Journey Strategic Wealth LLC lifted its position in Applied Materials, Inc. (NASDAQ:AMAT) by 70.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,159 shares of the manufacturing equipment provider’s stock after acquiring an additional 2,965 shares during the quarter. Journey Strategic Wealth LLC’s holdings in Applied Materials were worth $1,164,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Clearbridge Investments LLC lifted its position in shares of Applied Materials by 51.0% in the 2nd quarter. Clearbridge Investments LLC now owns 11,812 shares of the manufacturing equipment provider’s stock worth $2,788,000 after buying an additional 3,990 shares during the last quarter. Centaurus Financial Inc. lifted its holdings in Applied Materials by 24.9% in the second quarter. Centaurus Financial Inc. now owns 3,172 shares of the manufacturing equipment provider’s stock worth $749,000 after acquiring an additional 633 shares during the last quarter. Czech National Bank lifted its holdings in Applied Materials by 6.5% in the third quarter. Czech National Bank now owns 168,667 shares of the manufacturing equipment provider’s stock worth $34,079,000 after acquiring an additional 10,331 shares during the last quarter. Canandaigua National Bank & Trust Co. boosted its stake in Applied Materials by 5.1% in the third quarter. Canandaigua National Bank & Trust Co. now owns 3,944 shares of the manufacturing equipment provider’s stock valued at $797,000 after acquiring an additional 190 shares during the period. Finally, waypoint wealth counsel grew its holdings in shares of Applied Materials by 3.1% during the third quarter. waypoint wealth counsel now owns 1,853 shares of the manufacturing equipment provider’s stock valued at $374,000 after purchasing an additional 56 shares during the last quarter. 80.56% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Mizuho reduced their price objective on Applied Materials from $220.00 to $210.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Applied Materials from $220.00 to $200.00 and set a “hold” rating for the company in a report on Friday, November 15th. The Goldman Sachs Group dropped their price objective on shares of Applied Materials from $230.00 to $202.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Barclays reduced their target price on shares of Applied Materials from $225.00 to $200.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Finally, TD Cowen dropped their price target on shares of Applied Materials from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $218.71.

Applied Materials Stock Down 0.8 %

AMAT stock opened at $180.35 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.51 and a quick ratio of 1.87. The firm has a market cap of $146.57 billion, a PE ratio of 20.95, a P/E/G ratio of 1.79 and a beta of 1.53. Applied Materials, Inc. has a 12 month low of $158.96 and a 12 month high of $255.89. The firm has a 50 day simple moving average of $174.48 and a 200 day simple moving average of $187.06.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings data on Thursday, November 14th. The manufacturing equipment provider reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.19 by $0.13. The business had revenue of $7.05 billion during the quarter, compared to analyst estimates of $6.96 billion. Applied Materials had a return on equity of 39.26% and a net margin of 26.41%. The company’s revenue was up 4.8% compared to the same quarter last year. During the same period last year, the company posted $2.12 EPS. Equities research analysts forecast that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $1.60 annualized dividend and a yield of 0.89%. Applied Materials’s payout ratio is presently 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.