Clean Yield Group Makes New $33,000 Investment in Applied Materials, Inc. (NASDAQ:AMAT)

Clean Yield Group purchased a new stake in Applied Materials, Inc. (NASDAQ:AMAT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 161 shares of the manufacturing equipment provider’s stock, valued at approximately $33,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Redmont Wealth Advisors LLC acquired a new position in Applied Materials in the first quarter valued at about $26,000. Summit Securities Group LLC acquired a new position in shares of Applied Materials in the 2nd quarter worth approximately $26,000. Fairfield Financial Advisors LTD purchased a new position in shares of Applied Materials during the 2nd quarter worth approximately $28,000. Mark Sheptoff Financial Planning LLC acquired a new position in Applied Materials during the first quarter worth $35,000. Finally, RFP Financial Group LLC boosted its position in shares of Applied Materials by 96.6% during the first quarter. RFP Financial Group LLC now owns 173 shares of the manufacturing equipment provider’s stock worth $36,000 after buying an additional 85 shares during the period. Institutional investors and hedge funds own 80.56% of the company’s stock.

Analyst Ratings Changes

AMAT has been the subject of several research reports. Morgan Stanley dropped their target price on Applied Materials from $224.00 to $185.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 17th. Stifel Nicolaus cut their target price on shares of Applied Materials from $275.00 to $270.00 and set a “buy” rating on the stock in a research note on Friday, August 16th. Cantor Fitzgerald reissued an “overweight” rating and issued a $250.00 price target on shares of Applied Materials in a research report on Tuesday. UBS Group reduced their price objective on Applied Materials from $220.00 to $210.00 and set a “neutral” rating on the stock in a research note on Thursday, September 12th. Finally, JPMorgan Chase & Co. boosted their target price on Applied Materials from $240.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $228.90.

Applied Materials Price Performance

Shares of NASDAQ AMAT opened at $200.88 on Wednesday. The stock has a fifty day moving average price of $194.38 and a 200 day moving average price of $209.90. Applied Materials, Inc. has a 1-year low of $129.21 and a 1-year high of $255.89. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.86 and a quick ratio of 2.09. The company has a market cap of $166.32 billion, a PE ratio of 23.09, a P/E/G ratio of 2.30 and a beta of 1.54.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results on Thursday, August 15th. The manufacturing equipment provider reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.10. The business had revenue of $6.78 billion for the quarter, compared to analyst estimates of $6.68 billion. Applied Materials had a net margin of 27.74% and a return on equity of 39.99%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.90 earnings per share. Sell-side analysts forecast that Applied Materials, Inc. will post 8.49 EPS for the current 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. The ex-dividend date is Thursday, November 21st. This represents a $1.60 annualized dividend and a dividend yield of 0.80%. Applied Materials’s dividend payout ratio is currently 18.39%.

Applied Materials 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.