Heartwood Wealth Advisors LLC Has $385,000 Stock Position in Applied Materials, Inc. (NASDAQ:AMAT)

Heartwood Wealth Advisors LLC reduced its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 8.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,903 shares of the manufacturing equipment provider’s stock after selling 165 shares during the period. Heartwood Wealth Advisors LLC’s holdings in Applied Materials were worth $385,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Summit Securities Group LLC acquired a new position in Applied Materials during the second quarter worth $26,000. Fairfield Financial Advisors LTD acquired a new stake in shares of Applied Materials during the 2nd quarter worth about $28,000. Redmont Wealth Advisors LLC bought a new position in Applied Materials during the 1st quarter valued at about $26,000. PSI Advisors LLC boosted its position in Applied Materials by 56.0% in the second quarter. PSI Advisors LLC now owns 156 shares of the manufacturing equipment provider’s stock valued at $37,000 after buying an additional 56 shares in the last quarter. Finally, Mark Sheptoff Financial Planning LLC bought a new stake in Applied Materials during the first quarter worth about $35,000. 80.56% of the stock is owned by institutional investors and hedge funds.

Applied Materials Price Performance

Shares of AMAT stock opened at $200.13 on Tuesday. The firm’s 50 day moving average price is $194.49 and its two-hundred day moving average price is $209.98. The stock has a market cap of $165.70 billion, a PE ratio of 23.00, a PEG ratio of 2.30 and a beta of 1.54. Applied Materials, Inc. has a 52-week low of $129.21 and a 52-week high of $255.89. 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 announced its quarterly earnings data on Thursday, August 15th. The manufacturing equipment provider reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.10. Applied Materials had a return on equity of 39.99% and a net margin of 27.74%. The business had revenue of $6.78 billion during the quarter, compared to analysts’ expectations of $6.68 billion. During the same period in the previous year, the firm earned $1.90 earnings per share. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, analysts forecast 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. Investors of record on Thursday, November 21st will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.80%. The ex-dividend date is Thursday, November 21st. Applied Materials’s payout ratio is 18.39%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AMAT. B. Riley cut their target price on shares of Applied Materials from $300.00 to $280.00 and set a “buy” rating for the company in a research note on Friday, August 16th. Citigroup cut their price objective on Applied Materials from $240.00 to $217.00 and set a “buy” rating for the company in a research report on Monday, September 16th. StockNews.com cut Applied Materials from a “buy” rating to a “hold” rating in a report on Saturday, September 14th. JPMorgan Chase & Co. lifted their price target on Applied Materials from $240.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Finally, UBS Group decreased their price objective on shares of Applied Materials from $220.00 to $210.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $228.90.

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.