Werba Rubin Papier Wealth Management Has $228,000 Holdings in Applied Materials, Inc. (NASDAQ:AMAT)

Werba Rubin Papier Wealth Management decreased its position in Applied Materials, Inc. (NASDAQ:AMAT) by 10.4% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 965 shares of the manufacturing equipment provider’s stock after selling 112 shares during the period. Werba Rubin Papier Wealth Management’s holdings in Applied Materials were worth $228,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMAT. Wilkinson Global Asset Management LLC boosted its position in shares of Applied Materials by 4.2% in the second quarter. Wilkinson Global Asset Management LLC now owns 1,868 shares of the manufacturing equipment provider’s stock worth $441,000 after buying an additional 75 shares during the period. Ballentine Partners LLC lifted its stake in Applied Materials by 8.8% in the 2nd quarter. Ballentine Partners LLC now owns 14,026 shares of the manufacturing equipment provider’s stock worth $3,310,000 after acquiring an additional 1,131 shares in the last quarter. Ellis Investment Partners LLC boosted its position in Applied Materials by 4.7% during the 2nd quarter. Ellis Investment Partners LLC now owns 1,702 shares of the manufacturing equipment provider’s stock worth $402,000 after acquiring an additional 76 shares during the period. Caprock Group LLC grew its stake in Applied Materials by 39.6% during the 2nd quarter. Caprock Group LLC now owns 19,099 shares of the manufacturing equipment provider’s stock valued at $4,507,000 after acquiring an additional 5,422 shares in the last quarter. Finally, W Advisors LLC acquired a new position in shares of Applied Materials in the 2nd quarter valued at about $220,000. 80.56% of the stock is currently owned by hedge funds and other institutional investors.

Applied Materials Stock Performance

NASDAQ:AMAT traded down $5.49 during mid-day trading on Friday, hitting $174.75. 8,887,931 shares of the company’s stock traded hands, compared to its average volume of 6,066,871. The firm has a market capitalization of $144.69 billion, a price-to-earnings ratio of 20.09, a price-to-earnings-growth ratio of 2.35 and a beta of 1.55. The firm has a 50 day moving average of $209.96 and a two-hundred day moving average of $211.27. The company has a current ratio of 2.86, a quick ratio of 2.09 and a debt-to-equity ratio of 0.33. Applied Materials, Inc. has a 12 month low of $129.21 and a 12 month high of $255.89.

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 the consensus estimate of $2.02 by $0.10. Applied Materials had a return on equity of 39.99% and a net margin of 27.74%. The company had revenue of $6.78 billion during the quarter, compared to analysts’ expectations of $6.68 billion. During the same period in the prior year, the business earned $1.90 earnings per share. Applied Materials’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities analysts forecast that Applied Materials, Inc. will post 8.47 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 22nd will be given a $0.40 dividend. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. Applied Materials’s dividend payout ratio is currently 18.39%.

Insiders Place Their Bets

In other news, Director Thomas J. Iannotti sold 9,827 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $236.65, for a total transaction of $2,325,559.55. Following the sale, the director now directly owns 49,185 shares in the company, valued at $11,639,630.25. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Thomas J. Iannotti sold 9,827 shares of Applied Materials stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $236.65, for a total transaction of $2,325,559.55. Following the sale, the director now directly owns 49,185 shares in the company, valued at approximately $11,639,630.25. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Prabu G. Raja sold 50,000 shares of the stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $249.17, for a total transaction of $12,458,500.00. Following the completion of the transaction, the insider now directly owns 458,417 shares of the company’s stock, valued at approximately $114,223,763.89. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AMAT. TD Cowen upped their price objective on shares of Applied Materials from $245.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $250.00 target price on shares of Applied Materials in a research report on Friday, August 16th. JPMorgan Chase & Co. raised their price target on Applied Materials from $240.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. B. Riley lowered their price target on Applied Materials from $300.00 to $280.00 and set a “buy” rating for the company in a research note on Friday, August 16th. Finally, UBS Group cut their price objective on shares of Applied Materials from $235.00 to $220.00 and set a “neutral” rating on the stock in a research report on Monday, August 5th. Seven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $233.14.

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.