Howland Capital Management LLC Has $465,000 Holdings in Applied Materials, Inc. (NASDAQ:AMAT)

Howland Capital Management LLC cut its holdings in shares of Applied Materials, Inc. (NASDAQ:AMATFree Report) by 3.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,869 shares of the manufacturing equipment provider’s stock after selling 115 shares during the period. Howland Capital Management LLC’s holdings in Applied Materials were worth $465,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Financial Freedom LLC acquired a new stake in shares of Applied Materials in the 4th quarter valued at approximately $25,000. CGC Financial Services LLC acquired a new position in shares of Applied Materials during the second quarter worth about $29,000. Global Wealth Management Investment Advisory Inc. boosted its position in shares of Applied Materials by 76.9% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 230 shares of the manufacturing equipment provider’s stock worth $32,000 after buying an additional 100 shares during the period. BluePath Capital Management LLC bought a new position in shares of Applied Materials during the third quarter worth about $39,000. Finally, Quarry LP acquired a new stake in Applied Materials in the 1st quarter valued at approximately $40,000. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AMAT. TD Cowen upped their price target on Applied Materials from $185.00 to $245.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $220.00 target price on shares of Applied Materials in a research report on Monday, March 4th. Raymond James raised their target price on shares of Applied Materials from $180.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. Mizuho raised their target price on shares of Applied Materials from $185.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Finally, B. Riley raised their target price on shares of Applied Materials from $175.00 to $220.00 and gave the company a “buy” rating in a research report on Monday, February 12th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $191.83.

Read Our Latest Research Report on Applied Materials

Applied Materials Stock Performance

Applied Materials stock traded up $2.93 during midday trading on Wednesday, hitting $209.04. The company’s stock had a trading volume of 608,262 shares, compared to its average volume of 6,388,902. Applied Materials, Inc. has a 1-year low of $109.00 and a 1-year high of $214.91. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.71 and a quick ratio of 1.91. The company has a 50-day moving average price of $192.85 and a two-hundred day moving average price of $163.33. The company has a market cap of $173.69 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 3.16 and a beta of 1.59.

Applied Materials (NASDAQ:AMATGet Free Report) last issued its quarterly earnings data on Thursday, February 15th. The manufacturing equipment provider reported $2.13 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.23. Applied Materials had a net margin of 27.03% and a return on equity of 43.56%. The business had revenue of $6.71 billion during the quarter, compared to analysts’ expectations of $6.48 billion. During the same quarter in the previous year, the company earned $2.03 EPS. The business’s revenue was down .4% on a year-over-year basis. As a group, sell-side analysts predict that Applied Materials, Inc. will post 8.03 earnings per share for the current year.

Applied Materials Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 23rd will be given a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, May 22nd. This is a boost from Applied Materials’s previous quarterly dividend of $0.32. This represents a $1.60 annualized dividend and a dividend yield of 0.77%. Applied Materials’s payout ratio is presently 15.06%.

About Applied Materials

(Free Report)

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

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