Tyler Stone Wealth Management Raises Holdings in Applied Materials, Inc. (NASDAQ:AMAT)

Tyler Stone Wealth Management grew its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 235.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,380 shares of the manufacturing equipment provider’s stock after purchasing an additional 968 shares during the period. Tyler Stone Wealth Management’s holdings in Applied Materials were worth $279,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Avantax Advisory Services Inc. lifted its position in Applied Materials by 17.3% in the first quarter. Avantax Advisory Services Inc. now owns 23,949 shares of the manufacturing equipment provider’s stock valued at $4,939,000 after buying an additional 3,529 shares during the last quarter. William Blair Investment Management LLC boosted its position in shares of Applied Materials by 51.0% during the 1st quarter. William Blair Investment Management LLC now owns 199,426 shares of the manufacturing equipment provider’s stock worth $41,128,000 after purchasing an additional 67,398 shares during the period. Cozad Asset Management Inc. increased its holdings in Applied Materials by 5.1% in the 1st quarter. Cozad Asset Management Inc. now owns 3,382 shares of the manufacturing equipment provider’s stock valued at $697,000 after purchasing an additional 165 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in Applied Materials by 90.8% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,612,587 shares of the manufacturing equipment provider’s stock valued at $332,564,000 after purchasing an additional 767,223 shares during the period. Finally, Rogco LP lifted its stake in Applied Materials by 12.4% during the first quarter. Rogco LP now owns 3,471 shares of the manufacturing equipment provider’s stock worth $716,000 after purchasing an additional 382 shares in the last quarter. 80.56% of the stock is currently owned by hedge funds and other institutional investors.

Applied Materials Stock Performance

Shares of AMAT stock opened at $188.56 on Tuesday. Applied Materials, Inc. has a 1 year low of $141.94 and a 1 year high of $255.89. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.09 and a current ratio of 2.86. The firm has a market cap of $155.45 billion, a price-to-earnings ratio of 21.19, a PEG ratio of 2.34 and a beta of 1.56. The stock’s 50-day moving average is $190.99 and its two-hundred day moving average is $207.48.

Applied Materials (NASDAQ:AMAT) last issued 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 company had revenue of $6.78 billion during the quarter, compared to analysts’ expectations of $6.68 billion. Applied Materials had a return on equity of 39.99% and a net margin of 27.74%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.90 earnings per share. Analysts predict that Applied Materials, Inc. will post 8.51 earnings per share for the current year.

Applied Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date is Thursday, November 21st. Applied Materials’s dividend payout ratio is currently 17.98%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Susquehanna dropped their price objective on Applied Materials from $190.00 to $170.00 and set a “neutral” rating for the company in a research note on Monday. Deutsche Bank Aktiengesellschaft cut their price target on shares of Applied Materials from $260.00 to $230.00 and set a “hold” rating on the stock in a research note on Friday, August 16th. JPMorgan Chase & Co. raised their price objective on shares of Applied Materials from $240.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. B. Riley cut their target price on shares of Applied Materials from $300.00 to $280.00 and set a “buy” rating on the stock in a research note on Friday, August 16th. Finally, Citigroup dropped their price target on shares of Applied Materials from $240.00 to $217.00 and set a “buy” rating for the company in a research note on Monday, September 16th. Eight analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $228.19.

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.