BetterWealth LLC lessened its stake in Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 8.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,504 shares of the manufacturing equipment provider’s stock after selling 134 shares during the quarter. BetterWealth LLC’s holdings in Applied Materials were worth $245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. Clean Yield Group bought a new position in shares of Applied Materials in the third quarter worth approximately $33,000. First PREMIER Bank raised its holdings in Applied Materials by 326.3% in the 3rd quarter. First PREMIER Bank now owns 162 shares of the manufacturing equipment provider’s stock worth $33,000 after acquiring an additional 124 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new position in Applied Materials in the 3rd quarter valued at approximately $37,000. DT Investment Partners LLC boosted its stake in Applied Materials by 592.9% during the 3rd quarter. DT Investment Partners LLC now owns 194 shares of the manufacturing equipment provider’s stock valued at $39,000 after purchasing an additional 166 shares during the last quarter. Finally, City Holding Co. bought a new stake in shares of Applied Materials in the 4th quarter worth $39,000. Institutional investors own 80.56% of the company’s stock.
Analysts Set New Price Targets
AMAT has been the topic of several recent analyst reports. The Goldman Sachs Group dropped their price objective on Applied Materials from $230.00 to $202.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Susquehanna raised their price target on shares of Applied Materials from $155.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Bank of America decreased their price objective on shares of Applied Materials from $220.00 to $210.00 and set a “buy” rating for the company in a report on Friday, November 15th. Sanford C. Bernstein cut their target price on shares of Applied Materials from $220.00 to $210.00 and set an “outperform” rating for the company in a research report on Friday, November 29th. Finally, Morgan Stanley reissued an “underweight” rating and set a $164.00 price target (down from $179.00) on shares of Applied Materials in a report on Thursday, December 5th. One equities research 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $218.71.
Applied Materials Stock Performance
Shares of NASDAQ AMAT opened at $172.85 on Wednesday. The stock has a market cap of $140.64 billion, a PE ratio of 20.08, a price-to-earnings-growth ratio of 1.99 and a beta of 1.53. Applied Materials, Inc. has a 1 year low of $158.96 and a 1 year high of $255.89. The firm has a fifty day moving average price of $174.07 and a 200-day moving average price of $188.14. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.51 and a quick ratio of 1.87.
Applied Materials (NASDAQ:AMAT – Get Free Report) last issued its quarterly earnings results on Thursday, November 14th. The manufacturing equipment provider reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.19 by $0.13. Applied Materials had a return on equity of 39.26% and a net margin of 26.41%. The business had revenue of $7.05 billion during the quarter, compared to analyst estimates of $6.96 billion. During the same quarter in the prior year, the business posted $2.12 EPS. Applied Materials’s revenue for the quarter was up 4.8% compared to the same quarter last year. Equities analysts anticipate that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.
Applied Materials Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be paid a $0.40 dividend. The ex-dividend date is Thursday, February 20th. This represents a $1.60 annualized dividend and a yield of 0.93%. Applied Materials’s payout ratio is 18.58%.
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.
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