Applied Materials, Inc. (NASDAQ:AMAT) Shares Acquired by Allworth Financial LP

Allworth Financial LP increased its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 5.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,463 shares of the manufacturing equipment provider’s stock after purchasing an additional 1,166 shares during the quarter. Allworth Financial LP’s holdings in Applied Materials were worth $3,491,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Crews Bank & Trust acquired a new position in Applied Materials during the 4th quarter worth $28,000. MidAtlantic Capital Management Inc. acquired a new position in Applied Materials during the 3rd quarter worth $37,000. DT Investment Partners LLC grew its stake in Applied Materials by 592.9% during the 3rd quarter. DT Investment Partners LLC now owns 194 shares of the manufacturing equipment provider’s stock worth $39,000 after purchasing an additional 166 shares in the last quarter. YANKCOM Partnership acquired a new position in Applied Materials during the 4th quarter worth $32,000. Finally, Dunhill Financial LLC grew its stake in Applied Materials by 61.4% during the 3rd quarter. Dunhill Financial LLC now owns 213 shares of the manufacturing equipment provider’s stock worth $43,000 after purchasing an additional 81 shares in the last quarter. 80.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AMAT. Evercore ISI lowered their price objective on Applied Materials from $260.00 to $250.00 and set an “outperform” rating for the company in a research report on Friday, November 15th. TD Cowen lowered their price objective 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. Sanford C. Bernstein lowered their price objective on Applied Materials from $220.00 to $210.00 and set an “outperform” rating for the company in a research report on Friday, November 29th. Barclays lowered their price objective on Applied Materials from $200.00 to $190.00 and set an “equal weight” rating for the company in a research report on Friday. Finally, Needham & Company LLC lowered their price objective on Applied Materials from $200.00 to $195.00 and set a “buy” rating for the company in a research report on Friday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Applied Materials currently has a consensus rating of “Moderate Buy” and a consensus price target of $216.10.

Applied Materials Stock Down 8.2 %

AMAT opened at $169.20 on Tuesday. The business has a 50 day moving average price of $175.36 and a two-hundred day moving average price of $184.31. The company has a quick ratio of 1.87, a current ratio of 2.51 and a debt-to-equity ratio of 0.29. The company has a market cap of $137.51 billion, a PE ratio of 19.65, a P/E/G 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.

Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, February 13th. The manufacturing equipment provider reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.28 by $0.10. Applied Materials had a return on equity of 39.26% and a net margin of 26.41%. As a group, research analysts anticipate that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders 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 dividend yield of 0.95%. The ex-dividend date is Thursday, February 20th. Applied Materials’s dividend payout ratio (DPR) is 18.58%.

Applied Materials Company 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.