Applied Materials, Inc. (NASDAQ:AMAT) Stock Position Decreased by Strategic Wealth Advisors Group LLC

Strategic Wealth Advisors Group LLC cut its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 39.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,890 shares of the manufacturing equipment provider’s stock after selling 8,420 shares during the period. Strategic Wealth Advisors Group LLC’s holdings in Applied Materials were worth $644,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Greenleaf Trust increased its position in Applied Materials by 8.5% in the 2nd quarter. Greenleaf Trust now owns 15,309 shares of the manufacturing equipment provider’s stock worth $688,000 after buying an additional 1,201 shares during the period. Coastal Investment Advisors Inc. boosted its stake in Applied Materials by 82.9% in the second quarter. Coastal Investment Advisors Inc. now owns 2,304 shares of the manufacturing equipment provider’s stock worth $103,000 after purchasing an additional 1,044 shares in the last quarter. Hartford Financial Management Inc. boosted its stake in Applied Materials by 0.6% in the second quarter. Hartford Financial Management Inc. now owns 42,875 shares of the manufacturing equipment provider’s stock worth $1,926,000 after purchasing an additional 248 shares in the last quarter. Nvwm LLC boosted its stake in Applied Materials by 28.0% in the second quarter. Nvwm LLC now owns 17,597 shares of the manufacturing equipment provider’s stock worth $790,000 after purchasing an additional 3,844 shares in the last quarter. Finally, Holocene Advisors LP acquired a new position in Applied Materials in the second quarter worth $19,389,000. 79.06% of the stock is owned by institutional investors.

NASDAQ AMAT traded up $0.09 on Friday, reaching $56.03. The company had a trading volume of 3,313,800 shares, compared to its average volume of 9,191,457. The stock’s 50 day moving average is $52.53 and its 200-day moving average is $46.93. Applied Materials, Inc. has a 52 week low of $28.79 and a 52 week high of $57.29. The company has a quick ratio of 1.72, a current ratio of 2.65 and a debt-to-equity ratio of 0.65. The stock has a market cap of $51.62 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 3.40 and a beta of 1.66.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings data on Thursday, August 15th. The manufacturing equipment provider reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.04. The firm had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.53 billion. Applied Materials had a return on equity of 39.37% and a net margin of 19.40%. The business’s revenue for the quarter was down 14.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.20 earnings per share. As a group, analysts forecast that Applied Materials, Inc. will post 3 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a $0.21 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $0.84 annualized dividend and a yield of 1.50%. Applied Materials’s dividend payout ratio is 18.88%.

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A number of research firms have recently weighed in on AMAT. DZ Bank downgraded Applied Materials from a “hold” rating to a “sell” rating and set a $46.00 target price for the company. in a research report on Tuesday, October 29th. ValuEngine downgraded Applied Materials from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Zacks Investment Research upgraded Applied Materials from a “sell” rating to a “hold” rating and set a $60.00 target price for the company in a research report on Tuesday, October 29th. Morgan Stanley boosted their target price on Applied Materials from $40.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Friday, August 16th. Finally, Needham & Company LLC boosted their target price on Applied Materials from $52.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $53.23.

In other Applied Materials news, SVP Steve G. Ghanayem sold 25,727 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $52.12, for a total value of $1,340,891.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Stephen R. Forrest sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $46.00, for a total value of $138,000.00. The disclosure for this sale can be found here. Insiders sold 53,945 shares of company stock worth $2,776,105 in the last 90 days. Corporate insiders own 0.44% of the company’s stock.

Applied Materials Profile

Applied Materials, Inc provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It 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.

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Institutional Ownership by Quarter for Applied Materials (NASDAQ:AMAT)

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