Park National Corp OH lifted its position in Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 27.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,355 shares of the manufacturing equipment provider’s stock after acquiring an additional 294 shares during the quarter. Park National Corp OH’s holdings in Applied Materials were worth $220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently added to or reduced their stakes in AMAT. Forum Financial Management LP grew its position in shares of Applied Materials by 0.6% during 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. Merriman Wealth Management LLC boosted its stake in Applied Materials by 4.0% during the 2nd quarter. Merriman Wealth Management LLC now owns 1,438 shares of the manufacturing equipment provider’s stock valued at $339,000 after acquiring an additional 55 shares during the last quarter. Sargent Investment Group LLC grew its holdings in Applied Materials by 4.0% during the 3rd quarter. Sargent Investment Group LLC now owns 1,415 shares of the manufacturing equipment provider’s stock worth $286,000 after acquiring an additional 55 shares in the last quarter. Biltmore Family Office LLC increased its position in shares of Applied Materials by 5.3% in the 3rd quarter. Biltmore Family Office LLC now owns 1,093 shares of the manufacturing equipment provider’s stock worth $221,000 after purchasing an additional 55 shares during the last quarter. Finally, waypoint wealth counsel raised its stake in shares of Applied Materials by 3.1% in the 3rd quarter. waypoint wealth counsel now owns 1,853 shares of the manufacturing equipment provider’s stock valued at $374,000 after purchasing an additional 56 shares in the last quarter. 80.56% of the stock is owned by hedge funds and other institutional investors.
Applied Materials Stock Down 0.5 %
Applied Materials stock opened at $176.99 on Thursday. Applied Materials, Inc. has a 52 week low of $148.24 and a 52 week high of $255.89. The stock has a market cap of $144.01 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 1.61 and a beta of 1.53. The company’s 50-day moving average price is $174.23 and its two-hundred day moving average price is $193.70. 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 Announces Dividend
The company also recently announced 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. The ex-dividend date is Thursday, February 20th. This represents a $1.60 annualized dividend and a yield of 0.90%. Applied Materials’s dividend payout ratio is currently 18.58%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on AMAT shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $250.00 price target on shares of Applied Materials in a research note on Friday, November 15th. Wells Fargo & Company lowered their price target on Applied Materials from $220.00 to $210.00 and set an “overweight” rating for the company in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft reduced their price objective on Applied Materials from $220.00 to $200.00 and set a “hold” rating on the stock in a research note on Friday, November 15th. Stifel Nicolaus lowered their target price on shares of Applied Materials from $270.00 to $250.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Finally, Susquehanna decreased their price target on shares of Applied Materials from $190.00 to $170.00 and set a “neutral” rating for the company in a report on Monday, November 11th. 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.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $220.29.
Check Out Our Latest Analysis on Applied Materials
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.
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