Applied Materials, Inc. (NASDAQ:AMAT) Shares Bought by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC boosted its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 5.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 11,472 shares of the manufacturing equipment provider’s stock after purchasing an additional 601 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Applied Materials were worth $1,709,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Kaizen Financial Strategies raised its stake in shares of Applied Materials by 2.0% during the 4th quarter. Kaizen Financial Strategies now owns 3,733 shares of the manufacturing equipment provider’s stock worth $605,000 after purchasing an additional 72 shares in the last quarter. Impact Partnership Wealth LLC lifted its stake in Applied Materials by 2.6% in the third quarter. Impact Partnership Wealth LLC now owns 2,900 shares of the manufacturing equipment provider’s stock valued at $402,000 after acquiring an additional 73 shares during the last quarter. Redwood Financial Network Corp increased its stake in shares of Applied Materials by 4.6% during the 3rd quarter. Redwood Financial Network Corp now owns 1,721 shares of the manufacturing equipment provider’s stock worth $238,000 after purchasing an additional 75 shares during the last quarter. Kingswood Wealth Advisors LLC lifted its stake in shares of Applied Materials by 1.8% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 4,343 shares of the manufacturing equipment provider’s stock valued at $601,000 after purchasing an additional 76 shares during the last quarter. Finally, Glenview Trust co raised its holdings in Applied Materials by 0.3% during the third quarter. Glenview Trust co now owns 28,027 shares of the manufacturing equipment provider’s stock valued at $3,880,000 after buying an additional 77 shares in the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.

Analyst Ratings Changes

AMAT has been the topic of several recent analyst reports. Raymond James lifted their target price on shares of Applied Materials from $180.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Susquehanna increased their target price on Applied Materials from $138.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, February 16th. TD Cowen lifted their price target on Applied Materials from $185.00 to $245.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. The Goldman Sachs Group raised their price objective on shares of Applied Materials from $156.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Finally, B. Riley raised their price target on shares of Applied Materials from $175.00 to $220.00 and gave the stock a “buy” rating in a research report on Monday, February 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, Applied Materials currently has an average rating of “Moderate Buy” and an average target price of $191.83.

Applied Materials Trading Down 0.9 %

Shares of NASDAQ:AMAT traded down $1.77 during midday trading on Thursday, hitting $206.23. The company had a trading volume of 5,749,205 shares, compared to its average volume of 6,571,782. 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, Inc. has a 12 month low of $109.00 and a 12 month high of $214.91. The firm has a fifty day simple moving average of $190.35 and a 200 day simple moving average of $161.90. The stock has a market cap of $171.36 billion, a price-to-earnings ratio of 24.26, a PEG ratio of 3.13 and a beta of 1.59.

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

Applied Materials Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 23rd will be given a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.78%. This is a boost from Applied Materials’s previous quarterly dividend of $0.32. Applied Materials’s dividend payout ratio is currently 15.06%.

Applied Materials Company 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.