Quotient Wealth Partners LLC Has $522,000 Position in Applied Materials, Inc. (NASDAQ:AMAT)

Quotient Wealth Partners LLC lessened its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 8.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,582 shares of the manufacturing equipment provider’s stock after selling 242 shares during the period. Quotient Wealth Partners LLC’s holdings in Applied Materials were worth $522,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Redmont Wealth Advisors LLC acquired a new stake in shares of Applied Materials during the first quarter worth approximately $26,000. Summit Securities Group LLC bought a new stake in shares of Applied Materials during the second quarter worth $26,000. Fairfield Financial Advisors LTD bought a new stake in shares of Applied Materials during the second quarter worth $28,000. Clean Yield Group acquired a new stake in shares of Applied Materials in the third quarter valued at $33,000. Finally, First PREMIER Bank lifted its position in Applied Materials by 326.3% during the 3rd quarter. First PREMIER Bank now owns 162 shares of the manufacturing equipment provider’s stock worth $33,000 after buying an additional 124 shares in the last quarter. 80.56% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on the company. Wells Fargo & Company decreased their price objective on Applied Materials from $260.00 to $235.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. B. Riley lowered their price objective on Applied Materials from $300.00 to $280.00 and set a “buy” rating for the company in a research report on Friday, August 16th. Cantor Fitzgerald restated an “overweight” rating and set a $250.00 target price on shares of Applied Materials in a research report on Tuesday. JPMorgan Chase & Co. lifted their price target on shares of Applied Materials from $240.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Finally, Mizuho cut their price objective on shares of Applied Materials from $245.00 to $225.00 and set an “outperform” rating on the stock in a report on Friday, September 20th. Eight analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $228.90.

Applied Materials Trading Down 0.5 %

Shares of NASDAQ:AMAT opened at $203.96 on Friday. Applied Materials, Inc. has a 12-month low of $129.21 and a 12-month high of $255.89. The business has a 50 day moving average of $194.32 and a 200-day moving average of $209.81. The company has a quick ratio of 2.09, a current ratio of 2.86 and a debt-to-equity ratio of 0.33. The stock has a market cap of $168.87 billion, a PE ratio of 23.44, a P/E/G ratio of 2.30 and a beta of 1.54.

Applied Materials (NASDAQ:AMAT) last announced its earnings results on Thursday, August 15th. The manufacturing equipment provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.10. Applied Materials had a net margin of 27.74% and a return on equity of 39.99%. The company had revenue of $6.78 billion during the quarter, compared to analysts’ expectations of $6.68 billion. During the same quarter in the previous year, the business posted $1.90 earnings per share. Applied Materials’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, equities research analysts forecast that Applied Materials, Inc. will post 8.49 earnings per share for the current year.

Applied Materials Dividend Announcement

The company 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 dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.60 dividend on an annualized basis and a yield of 0.78%. Applied Materials’s payout ratio is 18.39%.

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.