Stablepoint Partners LLC Increases Stake in Applied Materials, Inc. (NASDAQ:AMAT)

Stablepoint Partners LLC raised its holdings in shares of Applied Materials, Inc. (NASDAQ:AMATFree Report) by 5.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,698 shares of the manufacturing equipment provider’s stock after acquiring an additional 345 shares during the quarter. Stablepoint Partners LLC’s holdings in Applied Materials were worth $1,089,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Clean Yield Group bought a new position in Applied Materials in the 3rd quarter worth approximately $33,000. First PREMIER Bank boosted its position in shares of 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 during the last quarter. MidAtlantic Capital Management Inc. bought a new position in shares of Applied Materials during the third quarter worth $37,000. DT Investment Partners LLC grew its stake 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 valued at $39,000 after acquiring an additional 166 shares in the last quarter. Finally, City Holding Co. bought a new stake in Applied Materials in the 4th quarter valued at $39,000. Institutional investors own 80.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Bank of America cut their price objective on Applied Materials from $220.00 to $210.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Susquehanna lifted their price objective on Applied Materials from $155.00 to $165.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Barclays decreased their price objective 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. Mizuho 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 report on Friday, January 10th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $250.00 price target on shares of Applied Materials in a research note on Friday, November 15th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $218.71.

Get Our Latest Stock Analysis on AMAT

Applied Materials Trading Down 2.1 %

NASDAQ AMAT opened at $186.75 on Monday. The stock has a market cap of $151.95 billion, a PE ratio of 21.69, a PEG ratio of 1.99 and a beta of 1.53. Applied Materials, Inc. has a 12 month low of $158.96 and a 12 month high of $255.89. The company’s 50-day moving average price is $174.00 and its 200-day moving average price is $189.07. The company has a current ratio of 2.51, a quick ratio of 1.87 and a debt-to-equity ratio of 0.29.

Applied Materials (NASDAQ:AMATGet Free Report) last issued its 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 for the quarter, compared to the consensus estimate of $6.96 billion. During the same period in the prior year, the firm earned $2.12 EPS. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. Equities research analysts forecast 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. Stockholders of record on Thursday, February 20th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Thursday, February 20th. Applied Materials’s payout ratio is 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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