Tiemann Investment Advisors LLC Has $776,000 Stake in Applied Materials, Inc. (NASDAQ:AMAT)

Tiemann Investment Advisors LLC reduced its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 11.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,770 shares of the manufacturing equipment provider’s stock after selling 625 shares during the period. Tiemann Investment Advisors LLC’s holdings in Applied Materials were worth $776,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in AMAT. Nordea Investment Management AB raised its position in shares of Applied Materials by 8.6% in the fourth quarter. Nordea Investment Management AB now owns 2,077,107 shares of the manufacturing equipment provider’s stock valued at $340,895,000 after buying an additional 164,085 shares in the last quarter. Victory Capital Management Inc. grew its stake in Applied Materials by 1.4% during the third quarter. Victory Capital Management Inc. now owns 1,139,114 shares of the manufacturing equipment provider’s stock worth $230,158,000 after buying an additional 15,183 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Applied Materials by 62.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,698,282 shares of the manufacturing equipment provider’s stock valued at $343,138,000 after buying an additional 653,739 shares during the period. Pensionfund Sabic raised its position in shares of Applied Materials by 38.9% in the 4th quarter. Pensionfund Sabic now owns 13,200 shares of the manufacturing equipment provider’s stock valued at $2,147,000 after buying an additional 3,700 shares in the last quarter. Finally, Brookstone Capital Management lifted its holdings in shares of Applied Materials by 59.1% during the 4th quarter. Brookstone Capital Management now owns 45,378 shares of the manufacturing equipment provider’s stock worth $7,380,000 after acquiring an additional 16,851 shares during the period. 80.56% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CAO Adam Sanders sold 271 shares of Applied Materials stock in a transaction on Monday, February 24th. The shares were sold at an average price of $172.72, for a total value of $46,807.12. Following the completion of the sale, the chief accounting officer now owns 6,479 shares in the company, valued at $1,119,052.88. The trade was a 4.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.24% of the stock is owned by company insiders.

Applied Materials Price Performance

Applied Materials stock opened at $155.68 on Monday. The stock’s 50 day moving average is $173.96 and its 200 day moving average is $180.81. Applied Materials, Inc. has a one year low of $149.55 and a one year high of $255.89. The firm has a market cap of $126.48 billion, a P/E ratio of 20.35, a P/E/G ratio of 1.81 and a beta of 1.62. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.67 and a quick ratio of 1.96.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings data on Thursday, February 13th. The manufacturing equipment provider reported $2.38 EPS for the quarter, beating analysts’ consensus estimates of $2.28 by $0.10. Applied Materials had a net margin of 22.95% and a return on equity of 39.50%. As a group, research analysts expect that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Thursday, February 20th. Applied Materials’s dividend payout ratio (DPR) is presently 20.92%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Susquehanna lifted their price objective on shares of Applied Materials from $155.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. KeyCorp upgraded Applied Materials from a “sector weight” rating to an “overweight” rating and set a $225.00 price target on the stock in a research note on Friday, January 17th. Evercore ISI dropped their price objective on Applied Materials from $260.00 to $250.00 and set an “outperform” rating for the company in a research report on Friday, November 15th. Bank of America decreased their target price on Applied Materials from $220.00 to $210.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Finally, TD Cowen lowered their target price on Applied Materials from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, November 15th. One analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $215.38.

About Applied Materials

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.