Accurate Wealth Management LLC Has $1.55 Million Stock Holdings in Applied Materials, Inc. (NASDAQ:AMAT)

Accurate Wealth Management LLC raised its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,024 shares of the manufacturing equipment provider’s stock after purchasing an additional 315 shares during the period. Accurate Wealth Management LLC’s holdings in Applied Materials were worth $1,550,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Clean Yield Group bought a new position in Applied Materials in the 3rd quarter valued at about $33,000. First PREMIER Bank boosted its holdings in shares of Applied Materials by 326.3% during the third quarter. First PREMIER Bank now owns 162 shares of the manufacturing equipment provider’s stock worth $33,000 after acquiring an additional 124 shares during the period. MidAtlantic Capital Management Inc. acquired a new position in shares of Applied Materials in the third quarter valued at approximately $37,000. DT Investment Partners LLC increased its stake in shares of Applied Materials by 592.9% during the third quarter. DT Investment Partners LLC now owns 194 shares of the manufacturing equipment provider’s stock worth $39,000 after purchasing an additional 166 shares during the period. Finally, Dunhill Financial LLC lifted its holdings in Applied Materials by 61.4% during the 3rd quarter. Dunhill Financial LLC now owns 213 shares of the manufacturing equipment provider’s stock worth $43,000 after purchasing an additional 81 shares during the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on AMAT. Susquehanna decreased their price objective on Applied Materials from $190.00 to $170.00 and set a “neutral” rating on the stock in a report on Monday, November 11th. Evercore ISI lowered their price objective on Applied Materials from $260.00 to $250.00 and set an “outperform” rating on the stock in a research note on Friday, November 15th. Bank of America cut their target price on Applied Materials from $220.00 to $210.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Wells Fargo & Company decreased their price target on Applied Materials from $210.00 to $200.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, The Goldman Sachs Group cut their price objective on shares of Applied Materials from $230.00 to $202.00 and set a “buy” rating for the company in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $218.24.

Applied Materials Price Performance

AMAT stock opened at $173.65 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.51 and a quick ratio of 1.87. The company’s 50-day moving average is $173.43 and its 200-day moving average is $191.74. The stock has a market capitalization of $141.30 billion, a PE ratio of 20.17, a price-to-earnings-growth ratio of 1.61 and a beta of 1.53. Applied Materials, Inc. has a 1 year low of $149.84 and a 1 year high of $255.89.

Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, November 14th. The manufacturing equipment provider reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.19 by $0.13. The company had revenue of $7.05 billion for the quarter, compared to analysts’ expectations of $6.96 billion. Applied Materials had a return on equity of 39.26% and a net margin of 26.41%. Applied Materials’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the business earned $2.12 EPS. Equities research analysts expect that Applied Materials, Inc. will post 9.48 EPS for the current fiscal year.

Applied Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.92%. The ex-dividend date is Thursday, February 20th. Applied Materials’s dividend payout ratio (DPR) is presently 18.58%.

About Applied Materials

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.