DekaBank Deutsche Girozentrale trimmed its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 2.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 295,802 shares of the manufacturing equipment provider’s stock after selling 6,026 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Applied Materials were worth $24,861,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the stock. Prestige Wealth Management Group LLC grew its position in Applied Materials by 42.1% in the fourth quarter. Prestige Wealth Management Group LLC now owns 297 shares of the manufacturing equipment provider’s stock worth $25,000 after acquiring an additional 88 shares during the period. Stock Yards Bank & Trust Co. boosted its position in shares of Applied Materials by 2.1% during the fourth quarter. Stock Yards Bank & Trust Co. now owns 4,814 shares of the manufacturing equipment provider’s stock worth $415,000 after buying an additional 100 shares during the period. Rikoon Group LLC boosted its position in shares of Applied Materials by 1.2% during the fourth quarter. Rikoon Group LLC now owns 8,652 shares of the manufacturing equipment provider’s stock worth $528,000 after buying an additional 102 shares during the period. Carnegie Capital Asset Management LLC boosted its position in shares of Applied Materials by 0.4% during the fourth quarter. Carnegie Capital Asset Management LLC now owns 28,449 shares of the manufacturing equipment provider’s stock worth $2,455,000 after buying an additional 106 shares during the period. Finally, Annex Advisory Services LLC boosted its position in shares of Applied Materials by 0.3% during the fourth quarter. Annex Advisory Services LLC now owns 32,191 shares of the manufacturing equipment provider’s stock worth $2,778,000 after buying an additional 108 shares during the period. Institutional investors own 78.80% of the company’s stock.
Applied Materials stock opened at $139.14 on Thursday. Applied Materials, Inc. has a 1-year low of $46.22 and a 1-year high of $146.00. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.00 and a quick ratio of 2.12. The stock has a market cap of $127.68 billion, a PE ratio of 35.49, a P/E/G ratio of 2.06 and a beta of 1.48. The stock’s fifty day moving average is $120.69 and its two-hundred day moving average is $91.29.
Applied Materials (NASDAQ:AMAT) last posted its earnings results on Wednesday, February 17th. The manufacturing equipment provider reported $1.39 EPS for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.11. The business had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $4.98 billion. Applied Materials had a return on equity of 40.65% and a net margin of 21.04%. During the same quarter in the previous year, the firm earned $0.98 earnings per share. On average, research analysts expect that Applied Materials, Inc. will post 4.97 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 17th. Shareholders of record on Thursday, May 27th will be given a dividend of $0.24 per share. This is a positive change from Applied Materials’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, May 26th. This represents a $0.96 annualized dividend and a yield of 0.69%. Applied Materials’s payout ratio is 21.10%.
In other news, Director Thomas J. Iannotti sold 15,000 shares of Applied Materials stock in a transaction on Wednesday, March 31st. The shares were sold at an average price of $131.95, for a total value of $1,979,250.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.41% of the stock is currently owned by insiders.
Several research firms have recently commented on AMAT. KeyCorp raised their price target on Applied Materials from $144.00 to $151.00 and gave the stock an “overweight” rating in a research report on Wednesday. Mizuho raised their price target on Applied Materials from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. raised their price target on Applied Materials from $88.00 to $146.00 and gave the stock an “overweight” rating in a research report on Friday, February 19th. Wells Fargo & Company lifted their target price on Applied Materials from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Citigroup lifted their target price on Applied Materials from $80.00 to $130.00 in a report on Monday, January 25th. Five equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $140.36.
About Applied Materials
Applied Materials, Inc provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It 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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