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Applied Materials (AMAT) Price Target Increased by 7.59% to 156.53

The average one-year price target for Applied Materials (NASDAQ:AMAT) has been revised to 156.53 / share. This is an increase of 7.59% from the prior estimate of 145.50 dated August 1, 2023.

The price target is an average of many targets provided by analysts. The latest targets range from a low of 87.87 to a high of 183.75 / share. The average price target represents an increase of 3.70% from the latest reported closing price of 150.95 / share.

Applied Materials Declares $0.32 Dividend

On June 8, 2023 the company declared a regular quarterly dividend of $0.32 per share ($1.28 annualized). Shareholders of record as of August 24, 2023 will receive the payment on September 14, 2023. Previously, the company paid $0.32 per share.

At the current share price of $150.95 / share, the stock’s dividend yield is 0.85%.

Looking back five years and taking a sample every week, the average dividend yield has been 1.29%, the lowest has been 0.59%, and the highest has been 2.76%. The standard deviation of yields is 0.53 (n=236).

The current dividend yield is 0.84 standard deviations below the historical average.

Additionally, the company’s dividend payout ratio is 0.17. The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company’s income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company’s 3-Year dividend growth rate is 0.45%, demonstrating that it has increased its dividend over time.

What is the Fund Sentiment?

There are 3017 funds or institutions reporting positions in Applied Materials. This is an increase of 79 owner(s) or 2.69% in the last quarter. Average portfolio weight of all funds dedicated to AMAT is 0.58%, an increase of 6.28%. Total shares owned by institutions decreased in the last three months by 1.19% to 758,793K shares. The put/call ratio of AMAT is 1.37, indicating a bearish outlook.

What are Other Shareholders Doing?

AMAT / Applied Materials Inc. Shares Held by Institutions

Capital World Investors holds 36,698K shares representing 4.39% ownership of the company. In it’s prior filing, the firm reported owning 32,833K shares, representing an increase of 10.53%. The firm increased its portfolio allocation in AMAT by 22.39% over the last quarter.

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 26,358K shares representing 3.15% ownership of the company. In it’s prior filing, the firm reported owning 26,164K shares, representing an increase of 0.73%. The firm increased its portfolio allocation in AMAT by 9.37% over the last quarter.

Capital International Investors holds 20,883K shares representing 2.50% ownership of the company. In it’s prior filing, the firm reported owning 20,722K shares, representing an increase of 0.77%. The firm increased its portfolio allocation in AMAT by 11.22% over the last quarter.

VFINX – Vanguard 500 Index Fund Investor Shares holds 20,122K shares representing 2.41% ownership of the company. In it’s prior filing, the firm reported owning 19,673K shares, representing an increase of 2.23%. The firm increased its portfolio allocation in AMAT by 9.01% over the last quarter.

Geode Capital Management holds 16,991K shares representing 2.03% ownership of the company. In it’s prior filing, the firm reported owning 15,871K shares, representing an increase of 6.59%. The firm increased its portfolio allocation in AMAT by 13.96% over the last quarter.

Applied Materials Background Information
(This description is provided by the company.)

Applied Materials, Inc. is the leader in materials engineering solutions used to produce virtually every new chip and advanced display in the world. Its expertise in modifying materials at atomic levels and on an industrial scale enables customers to transform possibilities into reality.

Additional reading:

Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.

Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.

Click to Learn More

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Summarize this content to 100 words
The average one-year price target for Applied Materials (NASDAQ:AMAT) has been revised to 156.53 / share. This is an increase of 7.59% from the prior estimate of 145.50 dated August 1, 2023. The price target is an average of many targets provided by analysts. The latest targets range from a low of 87.87 to a high of 183.75 / share. The average price target represents an increase of 3.70% from the latest reported closing price of 150.95 / share.

Applied Materials Declares $0.32 Dividend On June 8, 2023 the company declared a regular quarterly dividend of $0.32 per share ($1.28 annualized). Shareholders of record as of August 24, 2023 will receive the payment on September 14, 2023. Previously, the company paid $0.32 per share. At the current share price of $150.95 / share, the stock’s dividend yield is 0.85%. Looking back five years and taking a sample every week, the average dividend yield has been 1.29%, the lowest has been 0.59%, and the highest has been 2.76%. The standard deviation of yields is 0.53 (n=236). The current dividend yield is 0.84 standard deviations below the historical average. Additionally, the company’s dividend payout ratio is 0.17. The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company’s income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company’s 3-Year dividend growth rate is 0.45%, demonstrating that it has increased its dividend over time. What is the Fund Sentiment? There are 3017 funds or institutions reporting positions in Applied Materials. This is an increase of 79 owner(s) or 2.69% in the last quarter. Average portfolio weight of all funds dedicated to AMAT is 0.58%, an increase of 6.28%. Total shares owned by institutions decreased in the last three months by 1.19% to 758,793K shares. The put/call ratio of AMAT is 1.37, indicating a bearish outlook. What are Other Shareholders Doing? Capital World Investors holds 36,698K shares representing 4.39% ownership of the company. In it’s prior filing, the firm reported owning 32,833K shares, representing an increase of 10.53%. The firm increased its portfolio allocation in AMAT by 22.39% over the last quarter. VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 26,358K shares representing 3.15% ownership of the company. In it’s prior filing, the firm reported owning 26,164K shares, representing an increase of 0.73%. The firm increased its portfolio allocation in AMAT by 9.37% over the last quarter.

Capital International Investors holds 20,883K shares representing 2.50% ownership of the company. In it’s prior filing, the firm reported owning 20,722K shares, representing an increase of 0.77%. The firm increased its portfolio allocation in AMAT by 11.22% over the last quarter. VFINX – Vanguard 500 Index Fund Investor Shares holds 20,122K shares representing 2.41% ownership of the company. In it’s prior filing, the firm reported owning 19,673K shares, representing an increase of 2.23%. The firm increased its portfolio allocation in AMAT by 9.01% over the last quarter. Geode Capital Management holds 16,991K shares representing 2.03% ownership of the company. In it’s prior filing, the firm reported owning 15,871K shares, representing an increase of 6.59%. The firm increased its portfolio allocation in AMAT by 13.96% over the last quarter. Applied Materials Background Information(This description is provided by the company.)Applied Materials, Inc. is the leader in materials engineering solutions used to produce virtually every new chip and advanced display in the world. Its expertise in modifying materials at atomic levels and on an industrial scale enables customers to transform possibilities into reality.

Additional reading:APPLIED MATERIALS ANNOUNCES THIRD QUARTER 2023 RESULTS APPLIED MATERIALS ANNOUNCES SECOND QUARTER 2023 RESULTS Extension Agreement, dated as of February 21, 2023, to Credit Agreement, dated as of February 21, 2020 (as amended by that certain Amendment No. 1 to Credit Agreement, dated as of July 27, 2022), among Applied Materials, Inc., the lenders party thereto, and JPMorgan Chase Bank, N.A., as administrative agent† Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
Click to Learn MoreThis story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

https://www.nasdaq.com/articles/applied-materials-amat-price-target-increased-by-7.59-to-156.53 Applied Materials (AMAT) Price Target Increased by 7.59% to 156.53

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