Applied Materials, Inc. (NASDAQ:AMAT) Stock Position Lessened by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC lowered its stake in Applied Materials, Inc. (NASDAQ:AMATFree Report) by 10.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,408 shares of the manufacturing equipment provider’s stock after selling 834 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Applied Materials were worth $1,205,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMAT. Clean Yield Group acquired a new position in shares of Applied Materials during the third quarter valued at approximately $33,000. First PREMIER Bank lifted its holdings in shares of Applied Materials by 326.3% in the third quarter. First PREMIER Bank now owns 162 shares of the manufacturing equipment provider’s stock valued at $33,000 after buying an additional 124 shares during the period. MidAtlantic Capital Management Inc. bought a new position in Applied Materials during the third quarter valued at about $37,000. DT Investment Partners LLC grew its holdings in Applied Materials by 592.9% during the third quarter. DT Investment Partners LLC now owns 194 shares of the manufacturing equipment provider’s stock worth $39,000 after acquiring an additional 166 shares during the period. Finally, City Holding Co. bought a new stake in Applied Materials in the fourth quarter worth about $39,000. Institutional investors own 80.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AMAT. Stifel Nicolaus lowered their price objective on shares of Applied Materials from $270.00 to $250.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. Needham & Company LLC decreased their price target on shares of Applied Materials from $240.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. KeyCorp upgraded Applied Materials from a “sector weight” rating to an “overweight” rating and set a $225.00 price objective for the company in a research report on Friday, January 17th. Barclays decreased their target price on Applied Materials from $225.00 to $200.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Finally, Susquehanna upped their target price on Applied Materials from $155.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. One research 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, Applied Materials currently has a consensus rating of “Moderate Buy” and a consensus target price of $218.71.

Get Our Latest Report on Applied Materials

Applied Materials Stock Performance

Shares of NASDAQ AMAT opened at $186.75 on Monday. Applied Materials, Inc. has a one year low of $158.96 and a one year high of $255.89. The business’s 50-day moving average price is $174.00 and its two-hundred day moving average price is $189.07. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.51 and a quick ratio of 1.87. The company has a market capitalization of $151.95 billion, a P/E ratio of 21.69, a price-to-earnings-growth ratio of 1.99 and a beta of 1.53.

Applied Materials (NASDAQ:AMATGet Free Report) last released its quarterly earnings data on Thursday, November 14th. The manufacturing equipment provider reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.19 by $0.13. The firm had revenue of $7.05 billion for the quarter, compared to the consensus estimate of $6.96 billion. Applied Materials had a return on equity of 39.26% and a net margin of 26.41%. The firm’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.12 earnings per share. 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 disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Thursday, February 20th. Applied Materials’s dividend payout ratio is presently 18.58%.

Applied Materials Profile

(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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