Avior Wealth Management LLC lessened its holdings in Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 7.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,065 shares of the manufacturing equipment provider’s stock after selling 88 shares during the quarter. Avior Wealth Management LLC’s holdings in Applied Materials were worth $173,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the business. Clean Yield Group acquired a new stake in Applied Materials during the 3rd quarter worth $33,000. First PREMIER Bank grew its stake in shares of Applied Materials by 326.3% during the third quarter. First PREMIER Bank now owns 162 shares of the manufacturing equipment provider’s stock worth $33,000 after purchasing an additional 124 shares during the period. MidAtlantic Capital Management Inc. bought a new stake in Applied Materials in the third quarter valued at about $37,000. DT Investment Partners LLC lifted its stake in Applied Materials by 592.9% in the third quarter. DT Investment Partners LLC now owns 194 shares of the manufacturing equipment provider’s stock valued at $39,000 after buying an additional 166 shares during the period. Finally, City Holding Co. bought a new position in Applied Materials during the fourth quarter worth about $39,000. Institutional investors and hedge funds own 80.56% of the company’s stock.
Applied Materials Stock Down 6.5 %
NASDAQ:AMAT opened at $174.57 on Tuesday. Applied Materials, Inc. has a twelve month low of $158.96 and a twelve month high of $255.89. The firm has a market capitalization of $142.04 billion, a price-to-earnings ratio of 20.28, a price-to-earnings-growth ratio of 1.99 and a beta of 1.53. 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 stock’s 50 day moving average price is $174.00 and its two-hundred day moving average price is $188.61.
Applied Materials Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date is Thursday, February 20th. Applied Materials’s dividend payout ratio (DPR) is presently 18.58%.
Analysts Set New Price Targets
AMAT has been the subject of a number of recent analyst reports. Barclays lowered their price target on Applied Materials from $225.00 to $200.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Evercore ISI cut their target price on shares of Applied Materials from $260.00 to $250.00 and set an “outperform” rating on the stock in a report on Friday, November 15th. Susquehanna boosted their price target on shares of Applied Materials from $155.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Bank of America dropped their price objective on Applied Materials from $220.00 to $210.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Finally, The Goldman Sachs Group decreased their target price on Applied Materials from $230.00 to $202.00 and set a “buy” rating for the company in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $218.71.
Get Our Latest Stock Report on AMAT
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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