Trinity Legacy Partners LLC Sells 379 Shares of Applied Materials, Inc. (NASDAQ:AMAT)

Trinity Legacy Partners LLC lowered its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 19.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,615 shares of the manufacturing equipment provider’s stock after selling 379 shares during the period. Trinity Legacy Partners LLC’s holdings in Applied Materials were worth $263,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Forum Financial Management LP grew its holdings in shares of Applied Materials by 0.6% during the 3rd quarter. Forum Financial Management LP now owns 9,143 shares of the manufacturing equipment provider’s stock worth $1,847,000 after purchasing an additional 53 shares in the last quarter. Sargent Investment Group LLC increased its position in Applied Materials by 4.0% during the 3rd quarter. Sargent Investment Group LLC now owns 1,415 shares of the manufacturing equipment provider’s stock worth $286,000 after purchasing an additional 55 shares in the last quarter. Biltmore Family Office LLC boosted its holdings in shares of Applied Materials by 5.3% during the 3rd quarter. Biltmore Family Office LLC now owns 1,093 shares of the manufacturing equipment provider’s stock valued at $221,000 after acquiring an additional 55 shares in the last quarter. Field & Main Bank grew its holdings in shares of Applied Materials by 1.8% during the fourth quarter. Field & Main Bank now owns 3,170 shares of the manufacturing equipment provider’s stock worth $516,000 after purchasing an additional 55 shares during the last quarter. Finally, BSW Wealth Partners boosted its position in Applied Materials by 1.3% during the 3rd quarter. BSW Wealth Partners now owns 4,259 shares of the manufacturing equipment provider’s stock worth $860,000 after buying an additional 56 shares during the period. Institutional investors and hedge funds own 80.56% of the company’s stock.

Applied Materials Stock Performance

Shares of Applied Materials stock opened at $176.04 on Friday. The firm has a market capitalization of $143.07 billion, a P/E ratio of 23.01, a PEG ratio of 1.82 and a beta of 1.53. The company has a quick ratio of 1.96, a current ratio of 2.67 and a debt-to-equity ratio of 0.29. Applied Materials, Inc. has a 52 week low of $158.96 and a 52 week high of $255.89. The company has a 50 day moving average price of $175.45 and a 200 day moving average price of $183.98.

Applied Materials (NASDAQ:AMAT) last posted its earnings results on Thursday, February 13th. The manufacturing equipment provider reported $2.38 EPS for the quarter, topping the consensus estimate of $2.28 by $0.10. Applied Materials had a return on equity of 39.50% and a net margin of 22.95%. Sell-side analysts expect that Applied Materials, Inc. will post 9.41 EPS for the current year.

Applied Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, February 20th. This represents a $1.60 annualized dividend and a dividend yield of 0.91%. Applied Materials’s payout ratio is 20.92%.

Analysts Set New Price Targets

AMAT has been the topic of several analyst reports. Wells Fargo & Company reduced their target price on Applied Materials from $210.00 to $200.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. Barclays dropped their price target on Applied Materials from $200.00 to $190.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Cantor Fitzgerald reiterated an “overweight” rating and set a $250.00 price objective on shares of Applied Materials in a report on Friday, November 15th. The Goldman Sachs Group decreased their target price on Applied Materials from $230.00 to $202.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Finally, TD Cowen dropped their target price on Applied Materials from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, November 15th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $215.38.

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.