CreativeOne Wealth LLC Raises Holdings in Applied Materials, Inc. (NASDAQ:AMAT)

CreativeOne Wealth LLC boosted its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 18.7% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,794 shares of the manufacturing equipment provider’s stock after buying an additional 3,749 shares during the quarter. CreativeOne Wealth LLC’s holdings in Applied Materials were worth $4,808,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. FMR LLC boosted its stake in shares of Applied Materials by 5.5% during the third quarter. FMR LLC now owns 16,413,112 shares of the manufacturing equipment provider’s stock valued at $3,316,269,000 after acquiring an additional 858,122 shares during the last quarter. Van ECK Associates Corp lifted its holdings 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 purchasing an additional 1,509,439 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Applied Materials by 1.6% during the 2nd quarter. American Century Companies Inc. now owns 5,084,186 shares of the manufacturing equipment provider’s stock worth $1,199,817,000 after purchasing an additional 81,151 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Applied Materials by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,679,355 shares of the manufacturing equipment provider’s stock worth $945,464,000 after buying an additional 44,928 shares in the last quarter. Finally, Swedbank AB raised its position in shares of Applied Materials by 2.6% in the third quarter. Swedbank AB now owns 4,244,566 shares of the manufacturing equipment provider’s stock valued at $857,615,000 after buying an additional 108,827 shares during the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Applied Materials from $220.00 to $200.00 and set a “hold” rating on the stock in a research report on Friday, November 15th. Mizuho decreased their price objective on Applied Materials from $245.00 to $225.00 and set an “outperform” rating on the stock in a report on Friday, September 20th. UBS Group dropped their target price on Applied Materials from $220.00 to $210.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. Morgan Stanley decreased their price target on Applied Materials from $185.00 to $179.00 and set an “equal weight” rating on the stock in a research note on Friday, November 15th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $250.00 target price on shares of Applied Materials in a report on Friday, November 15th. Eight equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $222.05.

Applied Materials Stock Down 0.8 %

Shares of Applied Materials stock opened at $173.20 on Wednesday. The company has a quick ratio of 1.87, a current ratio of 2.51 and a debt-to-equity ratio of 0.29. The business has a 50-day moving average price of $189.26 and a 200 day moving average price of $205.23. Applied Materials, Inc. has a fifty-two week low of $144.57 and a fifty-two week high of $255.89. The firm has a market cap of $142.79 billion, a P/E ratio of 20.12, a P/E/G ratio of 1.64 and a beta of 1.56.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings results on Thursday, November 14th. The manufacturing equipment provider reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.19 by $0.13. The business had revenue of $7.05 billion for the quarter, compared to analyst estimates of $6.96 billion. Applied Materials had a return on equity of 39.26% and a net margin of 26.41%. The business’s revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.12 EPS. On average, sell-side analysts forecast that Applied Materials, Inc. will post 9.5 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Thursday, November 21st. Applied Materials’s dividend payout ratio (DPR) is presently 18.58%.

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.