Good Life Advisors LLC Has $322,000 Holdings in Applied Materials, Inc. (NASDAQ:AMAT)

Good Life Advisors LLC lowered its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 7.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,980 shares of the manufacturing equipment provider’s stock after selling 160 shares during the period. Good Life Advisors LLC’s holdings in Applied Materials were worth $322,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Swedbank AB raised its position in Applied Materials by 2.6% in the 3rd quarter. Swedbank AB now owns 4,244,566 shares of the manufacturing equipment provider’s stock valued at $857,615,000 after buying an additional 108,827 shares during the last quarter. Foundations Investment Advisors LLC grew its stake in shares of Applied Materials by 11.4% in the 3rd quarter. Foundations Investment Advisors LLC now owns 5,771 shares of the manufacturing equipment provider’s stock worth $1,166,000 after acquiring an additional 589 shares in the last quarter. Courier Capital LLC raised its holdings in shares of Applied Materials by 6.2% in the third quarter. Courier Capital LLC now owns 5,176 shares of the manufacturing equipment provider’s stock valued at $1,046,000 after purchasing an additional 304 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Applied Materials by 18,449.2% during the third quarter. International Assets Investment Management LLC now owns 643,102 shares of the manufacturing equipment provider’s stock valued at $1,299,390,000 after purchasing an additional 639,635 shares in the last quarter. Finally, Romano Brothers AND Company boosted its holdings in Applied Materials by 4.7% during the third quarter. Romano Brothers AND Company now owns 13,082 shares of the manufacturing equipment provider’s stock worth $2,643,000 after purchasing an additional 586 shares during the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Citigroup increased their price objective on shares of Applied Materials from $194.00 to $202.00 and gave the company a “buy” rating in a research note on Tuesday. Barclays decreased their price target on Applied Materials from $200.00 to $190.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. The Goldman Sachs Group cut their price objective on Applied Materials from $230.00 to $202.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. KeyCorp raised Applied Materials from a “sector weight” rating to an “overweight” rating and set a $225.00 target price for the company in a research report on Friday, January 17th. Finally, Morgan Stanley reissued an “underweight” rating and issued a $164.00 price target (down from $179.00) on shares of Applied Materials in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Applied Materials currently has a consensus rating of “Moderate Buy” and an average target price of $215.38.

Applied Materials Stock Performance

Shares of AMAT opened at $176.04 on Friday. The firm has a market capitalization of $143.07 billion, a P/E ratio of 23.01, a PEG ratio of 1.82 and a beta of 1.53. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.67 and a quick ratio of 1.96. The business has a fifty day moving average of $175.45 and a 200 day moving average of $183.98. Applied Materials, Inc. has a one year low of $158.96 and a one year high of $255.89.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data on Thursday, February 13th. The manufacturing equipment provider reported $2.38 EPS for the quarter, beating the consensus estimate of $2.28 by $0.10. Applied Materials had a net margin of 22.95% and a return on equity of 39.50%. As a group, sell-side analysts anticipate that Applied Materials, Inc. will post 9.41 EPS for the current year.

Applied Materials Announces Dividend

The firm 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 0.91%. The ex-dividend date is Thursday, February 20th. Applied Materials’s payout ratio is 20.92%.

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.