Legacy Capital Wealth Partners LLC Has $307,000 Stock Holdings in Applied Materials, Inc. (NASDAQ:AMAT)

Legacy Capital Wealth Partners LLC raised its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 14.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,892 shares of the manufacturing equipment provider’s stock after acquiring an additional 245 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in Applied Materials were worth $307,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Global Wealth Management Investment Advisory Inc. raised its holdings in Applied Materials by 76.9% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 230 shares of the manufacturing equipment provider’s stock worth $32,000 after purchasing an additional 100 shares during the last quarter. BluePath Capital Management LLC bought a new position in Applied Materials during the third quarter worth $39,000. L2 Asset Management LLC lifted its holdings in Applied Materials by 795.0% in the third quarter. L2 Asset Management LLC now owns 29,606 shares of the manufacturing equipment provider’s stock valued at $41,000 after buying an additional 26,298 shares during the period. OFI Invest Asset Management bought a new stake in Applied Materials during the third quarter valued at $42,000. Finally, Tompkins Financial Corp acquired a new stake in Applied Materials during the 4th quarter worth about $49,000. Institutional investors own 80.56% of the company’s stock.

Applied Materials Trading Up 0.9 %

Shares of Applied Materials stock opened at $205.26 on Tuesday. The firm has a market cap of $170.55 billion, a PE ratio of 24.15, a P/E/G ratio of 3.04 and a beta of 1.59. Applied Materials, Inc. has a 1 year low of $111.20 and a 1 year high of $214.91. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.71 and a quick ratio of 1.91. The stock has a fifty day moving average price of $203.53 and a 200-day moving average price of $172.40.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings data 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 business had revenue of $6.71 billion during the quarter, compared to the consensus estimate of $6.48 billion. Applied Materials had a net margin of 27.03% and a return on equity of 43.56%. The firm’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter last year, the company posted $2.03 earnings per share. Equities research analysts anticipate that Applied Materials, Inc. will post 8.04 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 paid a $0.40 dividend. This is a boost from Applied Materials’s previous quarterly dividend of $0.32. This represents a $1.60 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date is Wednesday, May 22nd. Applied Materials’s payout ratio is currently 15.06%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on AMAT shares. Stifel Nicolaus boosted their price objective on Applied Materials from $175.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, February 16th. TD Cowen increased their price target on Applied Materials from $185.00 to $245.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Applied Materials in a research report on Thursday, April 11th. They set a “hold” rating and a $225.00 target price on the stock. The Goldman Sachs Group raised their price target on shares of Applied Materials from $156.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Finally, Morgan Stanley upped their price objective on shares of Applied Materials from $142.00 to $190.00 and gave the company an “equal weight” rating in a report on Monday, February 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $201.50.

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.