Jamison Private Wealth Management Inc. Purchases 1,256 Shares of Applied Materials, Inc. (NASDAQ:AMAT)

Jamison Private Wealth Management Inc. boosted its position in Applied Materials, Inc. (NASDAQ:AMAT) by 2.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 60,178 shares of the manufacturing equipment provider’s stock after acquiring an additional 1,256 shares during the quarter. Applied Materials accounts for 1.4% of Jamison Private Wealth Management Inc.’s holdings, making the stock its 20th largest holding. Jamison Private Wealth Management Inc.’s holdings in Applied Materials were worth $9,787,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Clean Yield Group bought a new position in shares of Applied Materials in the 3rd quarter valued at $33,000. First PREMIER Bank raised its stake in Applied Materials by 326.3% during the third quarter. First PREMIER Bank now owns 162 shares of the manufacturing equipment provider’s stock worth $33,000 after acquiring an additional 124 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new position in shares of Applied Materials in the third quarter worth about $37,000. DT Investment Partners LLC boosted its stake in shares of Applied Materials by 592.9% in 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 in the last quarter. Finally, City Holding Co. bought a new stake in shares of Applied Materials during the 4th quarter valued at approximately $39,000. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on AMAT shares. Barclays dropped their price objective on shares of Applied Materials from $225.00 to $200.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Needham & Company LLC reduced their price objective on Applied Materials from $240.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. TD Cowen dropped their target price on Applied Materials from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Cantor Fitzgerald restated an “overweight” rating and set a $250.00 price target on shares of Applied Materials in a report on Friday, November 15th. Finally, Stifel Nicolaus dropped their price objective on shares of Applied Materials from $270.00 to $250.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Applied Materials has an average rating of “Moderate Buy” and a consensus target price of $218.71.

Applied Materials Price Performance

Applied Materials stock opened at $186.75 on Friday. The stock has a market capitalization of $151.77 billion, a price-to-earnings ratio of 21.69, a PEG ratio of 1.99 and a beta of 1.53. Applied Materials, Inc. has a 52-week low of $158.96 and a 52-week high of $255.89. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.87 and a current ratio of 2.51. The stock’s 50 day moving average price is $174.00 and its two-hundred day moving average price is $189.50.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings results 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. Applied Materials had a net margin of 26.41% and a return on equity of 39.26%. The business had revenue of $7.05 billion during the quarter, compared to analysts’ expectations of $6.96 billion. During the same period last year, the company posted $2.12 earnings per share. The business’s quarterly revenue was up 4.8% on a year-over-year basis. On average, equities analysts predict that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a dividend of $0.40 per share. 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 (DPR) is currently 18.58%.

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.