Warren Street Wealth Advisors LLC Buys 158 Shares of Applied Materials, Inc. (NASDAQ:AMAT)

Warren Street Wealth Advisors LLC grew its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 16.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,095 shares of the manufacturing equipment provider’s stock after buying an additional 158 shares during the quarter. Warren Street Wealth Advisors LLC’s holdings in Applied Materials were worth $221,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Redmont Wealth Advisors LLC purchased a new stake in Applied Materials in the 1st quarter worth approximately $26,000. Summit Securities Group LLC bought a new position in shares of Applied Materials in the second quarter worth approximately $26,000. Fairfield Financial Advisors LTD bought a new position in shares of Applied Materials in the second quarter worth approximately $28,000. Clean Yield Group purchased a new stake in shares of Applied Materials in the third quarter worth $33,000. Finally, First PREMIER Bank raised its position in shares of Applied Materials by 326.3% during the 3rd quarter. First PREMIER Bank now owns 162 shares of the manufacturing equipment provider’s stock valued at $33,000 after purchasing an additional 124 shares during the period. Institutional investors own 80.56% of the company’s stock.

Analyst Upgrades and Downgrades

AMAT has been the subject of several recent analyst reports. Morgan Stanley dropped their target price on shares of Applied Materials from $224.00 to $185.00 and set an “equal weight” rating for the company in a report on Tuesday, September 17th. Citigroup cut their target price on Applied Materials from $240.00 to $217.00 and set a “buy” rating for the company in a research report on Monday, September 16th. 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 note on Friday, August 16th. Needham & Company LLC restated a “buy” rating and issued a $260.00 price target on shares of Applied Materials in a research note on Friday, August 16th. Finally, Mizuho reduced their price objective on shares of Applied Materials from $245.00 to $225.00 and set an “outperform” rating on the stock in a research report on Friday, September 20th. Eight investment 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.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $229.14.

Applied Materials Stock Performance

NASDAQ AMAT opened at $186.36 on Friday. The business’s 50 day moving average price is $195.61 and its 200-day moving average price is $209.23. Applied Materials, Inc. has a fifty-two week low of $129.21 and a fifty-two week high of $255.89. The company has a market cap of $154.30 billion, a P/E ratio of 21.42, a P/E/G ratio of 2.66 and a beta of 1.54. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.09 and a current ratio of 2.86.

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. The business had revenue of $6.78 billion for the quarter, compared to analysts’ expectations of $6.68 billion. Applied Materials had a net margin of 27.74% and a return on equity of 39.99%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.90 earnings per share. Sell-side analysts predict that Applied Materials, Inc. will post 8.49 earnings per share for the current year.

Applied Materials Announces Dividend

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