Applied Materials, Inc. (NASDAQ:AMAT) Shares Purchased by FSM Wealth Advisors LLC

FSM Wealth Advisors LLC lifted its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 6.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,840 shares of the manufacturing equipment provider’s stock after purchasing an additional 105 shares during the period. FSM Wealth Advisors LLC’s holdings in Applied Materials were worth $372,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Swedbank AB purchased a new position in Applied Materials during the first quarter valued at $773,611,000. Van ECK Associates Corp lifted its stake in Applied Materials by 29.8% in the 3rd quarter. Van ECK Associates Corp now owns 6,571,178 shares of the manufacturing equipment provider’s stock valued at $1,327,707,000 after buying an additional 1,509,439 shares in the last quarter. Janus Henderson Group PLC increased its stake in Applied Materials by 126.4% during the 1st quarter. Janus Henderson Group PLC now owns 2,254,952 shares of the manufacturing equipment provider’s stock worth $464,974,000 after buying an additional 1,259,111 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Applied Materials by 262.5% during the third quarter. Assenagon Asset Management S.A. now owns 1,390,501 shares of the manufacturing equipment provider’s stock valued at $280,951,000 after acquiring an additional 1,006,937 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Applied Materials by 1.2% in the first quarter. Vanguard Group Inc. now owns 75,008,622 shares of the manufacturing equipment provider’s stock valued at $15,469,028,000 after acquiring an additional 891,446 shares in the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.

Applied Materials Stock Down 0.9 %

Shares of AMAT stock opened at $181.82 on Tuesday. The company has a current ratio of 2.86, a quick ratio of 2.09 and a debt-to-equity ratio of 0.33. The firm’s fifty day moving average price is $191.36 and its two-hundred day moving average price is $207.54. The firm has a market capitalization of $149.89 billion, a P/E ratio of 20.43, a PEG ratio of 2.48 and a beta of 1.56. Applied Materials, Inc. has a 1 year low of $139.21 and a 1 year high of $255.89.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings data on Thursday, August 15th. The manufacturing equipment provider reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.10. The firm had revenue of $6.78 billion for the quarter, compared to analyst estimates of $6.68 billion. Applied Materials had a return on equity of 39.99% and a net margin of 27.74%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.90 EPS. On average, equities analysts predict that Applied Materials, Inc. will post 8.51 EPS for the current fiscal year.

Applied Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Thursday, November 21st. Applied Materials’s dividend payout ratio is 17.98%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AMAT shares. UBS Group decreased their price target on shares of Applied Materials from $220.00 to $210.00 and set a “neutral” rating on the stock in a research note on Thursday, September 12th. Cantor Fitzgerald reiterated an “overweight” rating and set a $250.00 price objective on shares of Applied Materials in a research report on Tuesday, October 8th. Needham & Company LLC restated a “buy” rating and issued a $260.00 target price on shares of Applied Materials in a report on Friday, August 16th. Dbs Bank lowered Applied Materials from a “strong-buy” rating to a “hold” rating in a report on Monday, September 16th. Finally, StockNews.com cut shares of Applied Materials from a “buy” rating to a “hold” rating in a research report on Saturday, September 14th. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $229.14.

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.