Indiana Trust & Investment Management Co Has $331,000 Stake in Applied Materials, Inc. (NASDAQ:AMAT)

Indiana Trust & Investment Management Co trimmed its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 70.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,035 shares of the manufacturing equipment provider’s stock after selling 4,757 shares during the period. Indiana Trust & Investment Management Co’s holdings in Applied Materials were worth $331,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AMAT. Forum Financial Management LP lifted its holdings in shares of Applied Materials by 0.6% in the third quarter. Forum Financial Management LP now owns 9,143 shares of the manufacturing equipment provider’s stock worth $1,847,000 after buying an additional 53 shares in the last quarter. Sargent Investment Group LLC lifted its stake in shares of Applied Materials by 4.0% in the 3rd quarter. Sargent Investment Group LLC now owns 1,415 shares of the manufacturing equipment provider’s stock valued at $286,000 after acquiring an additional 55 shares during the last quarter. Biltmore Family Office LLC increased its stake in shares of Applied Materials by 5.3% in the third quarter. Biltmore Family Office LLC now owns 1,093 shares of the manufacturing equipment provider’s stock worth $221,000 after buying an additional 55 shares during the period. Field & Main Bank boosted its holdings in shares of Applied Materials by 1.8% during the fourth quarter. Field & Main Bank now owns 3,170 shares of the manufacturing equipment provider’s stock worth $516,000 after purchasing an additional 55 shares during the period. Finally, BSW Wealth Partners lifted its stake in Applied Materials by 1.3% in the third quarter. BSW Wealth Partners now owns 4,259 shares of the manufacturing equipment provider’s stock worth $860,000 after acquiring an additional 56 shares during the period. 80.56% of the stock is currently owned by institutional investors.

Applied Materials Stock Performance

Applied Materials stock opened at $183.20 on Wednesday. The stock has a 50 day moving average of $175.20 and a 200-day moving average of $185.04. The stock has a market cap of $148.89 billion, a P/E ratio of 21.28, a price-to-earnings-growth ratio of 1.86 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 current ratio of 2.51, a quick ratio of 1.87 and a debt-to-equity ratio of 0.29.

Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, November 14th. The manufacturing equipment provider reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.19 by $0.13. Applied Materials had a return on equity of 39.26% and a net margin of 26.41%. The firm had revenue of $7.05 billion for the quarter, compared to analyst estimates of $6.96 billion. During the same period last year, the company earned $2.12 earnings per share. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, analysts expect that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.87%. Applied Materials’s dividend payout ratio (DPR) is presently 18.58%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on AMAT shares. Deutsche Bank Aktiengesellschaft decreased their price objective on Applied Materials from $220.00 to $200.00 and set a “hold” rating for the company in a report on Friday, November 15th. Mizuho lowered their price target on Applied Materials from $220.00 to $210.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Morgan Stanley reaffirmed an “underweight” rating and issued a $164.00 target price (down previously from $179.00) on shares of Applied Materials in a research report on Thursday, December 5th. Cantor Fitzgerald reissued an “overweight” rating and issued a $250.00 price objective on shares of Applied Materials in a report on Friday, November 15th. Finally, KeyCorp raised Applied Materials from a “sector weight” rating to an “overweight” rating and set a $225.00 price target for the company in a report on Friday, January 17th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $218.00.

About Applied Materials

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.