Venturi Wealth Management LLC Raises Position in Applied Materials, Inc. (NASDAQ:AMAT)

Venturi Wealth Management LLC raised its stake in Applied Materials, Inc. (NASDAQ:AMATFree Report) by 4.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,702 shares of the manufacturing equipment provider’s stock after purchasing an additional 491 shares during the quarter. Venturi Wealth Management LLC’s holdings in Applied Materials were worth $1,734,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. CGC Financial Services LLC bought a new position in shares of Applied Materials in the second quarter valued at approximately $29,000. Global Wealth Management Investment Advisory Inc. grew its holdings in shares of Applied Materials by 76.9% in the third quarter. Global Wealth Management Investment Advisory Inc. now owns 230 shares of the manufacturing equipment provider’s stock valued at $32,000 after acquiring an additional 100 shares in the last quarter. Financial Freedom LLC bought a new position in shares of Applied Materials in the fourth quarter valued at approximately $25,000. BluePath Capital Management LLC bought a new position in Applied Materials during the third quarter valued at $39,000. Finally, RVW Wealth LLC bought a new position in Applied Materials during the third quarter valued at $41,000. 80.56% of the stock is owned by hedge funds and other institutional investors.

Applied Materials Stock Up 0.6 %

Shares of NASDAQ:AMAT opened at $207.38 on Thursday. The stock’s 50-day moving average price is $194.29 and its 200-day moving average price is $164.12. Applied Materials, Inc. has a 12-month low of $109.00 and a 12-month high of $214.91. The stock has a market capitalization of $172.31 billion, a P/E ratio of 24.40, a price-to-earnings-growth ratio of 3.12 and a beta of 1.59. The company has a current ratio of 2.71, a quick ratio of 1.91 and a debt-to-equity ratio of 0.31.

Applied Materials (NASDAQ:AMATGet Free Report) last announced its quarterly earnings data on Thursday, February 15th. The manufacturing equipment provider reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.23. Applied Materials had a return on equity of 43.56% and a net margin of 27.03%. The firm had revenue of $6.71 billion for the quarter, compared to analysts’ expectations of $6.48 billion. During the same period last year, the firm earned $2.03 earnings per share. The company’s revenue for the quarter was down .4% compared to the same quarter last year. On average, equities analysts anticipate that Applied Materials, Inc. will post 8.03 earnings per share for the current year.

Applied Materials Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 23rd will be paid a dividend of $0.40 per share. This is a boost from Applied Materials’s previous quarterly dividend of $0.32. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Wednesday, May 22nd. Applied Materials’s dividend payout ratio (DPR) is 15.06%.

Wall Street Analysts Forecast Growth

AMAT has been the subject of several research reports. Raymond James increased their price objective on Applied Materials from $180.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, February 16th. The Goldman Sachs Group increased their price objective on Applied Materials from $156.00 to $220.00 and gave the company a “buy” rating in a report on Friday, February 16th. B. Riley increased their price objective on Applied Materials from $175.00 to $220.00 and gave the company a “buy” rating in a report on Monday, February 12th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $220.00 price target on shares of Applied Materials in a report on Monday, March 4th. Finally, Morgan Stanley raised their price target on Applied Materials from $142.00 to $190.00 and gave the stock an “equal weight” rating in a report on Monday, February 12th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $191.83.

Get Our Latest Report on AMAT

Applied Materials Profile

(Free Report)

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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Institutional Ownership by Quarter for Applied Materials (NASDAQ:AMAT)

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