IHT Wealth Management LLC Has $148,000 Holdings in Applied Materials, Inc. (AMAT)

IHT Wealth Management LLC boosted its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 67.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,344 shares of the manufacturing equipment provider’s stock after acquiring an additional 1,351 shares during the period. IHT Wealth Management LLC’s holdings in Applied Materials were worth $148,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Applied Materials by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 75,084,373 shares of the manufacturing equipment provider’s stock worth $3,101,736,000 after acquiring an additional 1,721,964 shares in the last quarter. BlackRock Inc. grew its holdings in Applied Materials by 2,063.7% during the 1st quarter. BlackRock Inc. now owns 67,009,706 shares of the manufacturing equipment provider’s stock worth $2,606,676,000 after acquiring an additional 63,912,660 shares in the last quarter. State Street Corp grew its holdings in Applied Materials by 2.1% during the 2nd quarter. State Street Corp now owns 48,897,158 shares of the manufacturing equipment provider’s stock worth $2,019,939,000 after acquiring an additional 985,296 shares in the last quarter. FMR LLC grew its holdings in Applied Materials by 16.8% during the 1st quarter. FMR LLC now owns 32,013,147 shares of the manufacturing equipment provider’s stock worth $1,245,311,000 after acquiring an additional 4,604,275 shares in the last quarter. Finally, Capital Research Global Investors grew its holdings in Applied Materials by 14.8% during the 2nd quarter. Capital Research Global Investors now owns 17,724,836 shares of the manufacturing equipment provider’s stock worth $732,213,000 after acquiring an additional 2,284,836 shares in the last quarter. Institutional investors own 79.48% of the company’s stock.

In other Applied Materials news, Director Alexander Karsner sold 22,762 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $44.03, for a total value of $1,002,210.86. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Thomas F. Larkins sold 30,000 shares of the firm’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $51.24, for a total value of $1,537,200.00. The disclosure for this sale can be found here. Insiders own 0.31% of the company’s stock.

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Several research analysts have commented on the stock. Citigroup Inc. reiterated a “buy” rating and set a $58.00 price target on shares of Applied Materials in a report on Thursday. Stifel Nicolaus reiterated a “buy” rating on shares of Applied Materials in a report on Sunday, October 1st. B. Riley reiterated a “buy” rating and set a $63.00 price target on shares of Applied Materials in a report on Saturday, September 30th. Instinet reiterated a “buy” rating and set a $55.00 price target (up previously from $50.00) on shares of Applied Materials in a report on Saturday, September 30th. Finally, Evercore ISI reiterated an “outperform” rating and set a $65.00 price target (up previously from $56.00) on shares of Applied Materials in a report on Saturday, September 30th. Three equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $56.37.

Applied Materials, Inc. (AMAT) traded up 0.7716% during mid-day trading on Thursday, reaching $53.6407. 2,491,033 shares of the company traded hands. The firm’s 50-day moving average is $47.57 and its 200 day moving average is $44.16. The stock has a market capitalization of $57.21 billion, a PE ratio of 19.0689 and a beta of 1.86. Applied Materials, Inc. has a 52-week low of $27.56 and a 52-week high of $53.76.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings data on Thursday, August 17th. The manufacturing equipment provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. The firm had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.69 billion. Applied Materials had a net margin of 22.08% and a return on equity of 40.74%. The firm’s revenue was up 32.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.50 earnings per share. On average, equities research analysts expect that Applied Materials, Inc. will post $3.21 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Friday, November 24th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Wednesday, November 22nd. Applied Materials’s dividend payout ratio is presently 14.18%.

Applied Materials Company Profile

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Institutional Ownership by Quarter for Applied Materials (NASDAQ:AMAT)

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