Annex Advisory Services LLC Has $27.15 Million Position in Applied Materials, Inc. (NASDAQ:AMAT)

Annex Advisory Services LLC lifted its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 25.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 134,354 shares of the manufacturing equipment provider’s stock after purchasing an additional 27,427 shares during the quarter. Applied Materials comprises 0.9% of Annex Advisory Services LLC’s holdings, making the stock its 27th biggest position. Annex Advisory Services LLC’s holdings in Applied Materials were worth $27,146,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Perfromance Wealth Partners LLC increased its holdings in Applied Materials by 34.2% during the 3rd quarter. Perfromance Wealth Partners LLC now owns 12,535 shares of the manufacturing equipment provider’s stock worth $2,533,000 after purchasing an additional 3,194 shares in the last quarter. First Affirmative Financial Network boosted its position in shares of Applied Materials by 18.5% during the third quarter. First Affirmative Financial Network now owns 6,997 shares of the manufacturing equipment provider’s stock worth $1,414,000 after buying an additional 1,093 shares during the period. Valeo Financial Advisors LLC grew its holdings in shares of Applied Materials by 7.9% during the third quarter. Valeo Financial Advisors LLC now owns 9,011 shares of the manufacturing equipment provider’s stock worth $1,821,000 after buying an additional 662 shares in the last quarter. Wynn Capital LLC grew its holdings in shares of Applied Materials by 4.8% during the third quarter. Wynn Capital LLC now owns 7,848 shares of the manufacturing equipment provider’s stock worth $1,586,000 after buying an additional 360 shares in the last quarter. Finally, Peak Financial Advisors LLC acquired a new stake in Applied Materials in the 3rd quarter valued at approximately $3,198,000. 80.56% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on AMAT shares. Wells Fargo & Company decreased their price target on shares of Applied Materials from $260.00 to $235.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. UBS Group lowered their price target on shares of Applied Materials from $220.00 to $210.00 and set a “neutral” rating on the stock in a research note on Thursday, September 12th. Cantor Fitzgerald restated an “overweight” rating and set a $250.00 price objective on shares of Applied Materials in a research note on Tuesday, October 8th. Dbs Bank downgraded Applied Materials from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 16th. Finally, Mizuho dropped their target price on 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 issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $229.14.

Applied Materials Stock Performance

NASDAQ AMAT opened at $205.06 on Friday. Applied Materials, Inc. has a 52-week low of $129.21 and a 52-week high of $255.89. The stock has a market cap of $169.78 billion, a PE ratio of 23.57, a P/E/G ratio of 2.66 and a beta of 1.54. The firm has a 50-day moving average of $194.94 and a 200-day moving average of $209.76. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.09 and a current ratio of 2.86.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings data 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 company had revenue of $6.78 billion during the quarter, compared to analysts’ expectations of $6.68 billion. Applied Materials had a return on equity of 39.99% and a net margin of 27.74%. The business’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.90 earnings per share. On average, sell-side analysts anticipate that Applied Materials, Inc. will post 8.49 EPS 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 given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Thursday, November 21st. Applied Materials’s payout ratio is 18.39%.

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.