By otakuyassine3@gmail.com 
Krilogy Financial LLC lifted its stake in Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 24.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,388 shares of the manufacturing equipment provider’s stock after buying an additional 2,784 shares during the quarter. Krilogy Financial LLC’s holdings in Applied Materials were worth $2,340,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Clean Yield Group bought a new stake in Applied Materials in the 3rd quarter valued at $33,000. First PREMIER Bank grew its position 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 valued at $33,000 after purchasing an additional 124 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new stake in shares of Applied Materials in the third quarter worth about $37,000. DT Investment Partners LLC lifted its position in shares of Applied Materials by 592.9% in the third quarter. DT Investment Partners LLC now owns 194 shares of the manufacturing equipment provider’s stock worth $39,000 after buying an additional 166 shares in the last quarter. Finally, Dunhill Financial LLC boosted its stake in Applied Materials by 61.4% during the third quarter. Dunhill Financial LLC now owns 213 shares of the manufacturing equipment provider’s stock valued at $43,000 after buying an additional 81 shares during the last quarter. Institutional investors own 80.56% of the company’s stock.
Applied Materials Stock Up 3.0 %
Shares of AMAT opened at $192.05 on Friday. The firm has a market capitalization of $156.27 billion, a P/E ratio of 22.31, a P/E/G ratio of 1.75 and a beta of 1.53. Applied Materials, Inc. has a 12-month low of $156.78 and a 12-month high of $255.89. The firm has a fifty day moving average price of $173.10 and a 200-day moving average price of $191.30. 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 (NASDAQ:AMAT – Get Free Report) last issued its earnings results on Thursday, November 14th. The manufacturing equipment provider reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.19 by $0.13. The business had revenue of $7.05 billion for the quarter, compared to the consensus estimate of $6.96 billion. Applied Materials had a net margin of 26.41% and a return on equity of 39.26%. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.12 EPS. Equities research analysts expect that Applied Materials, Inc. will post 9.37 earnings per share for the current year.
Applied Materials Dividend Announcement
The company also recently announced 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 0.83%. The ex-dividend date is Thursday, February 20th. Applied Materials’s dividend payout ratio (DPR) is presently 18.58%.
Analysts Set New Price Targets
A number of analysts have issued reports on AMAT shares. Barclays reduced their price objective on Applied Materials from $225.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Friday. Mizuho decreased their price target on shares of Applied Materials from $220.00 to $210.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. The Goldman Sachs Group dropped their price objective on shares of Applied Materials from $230.00 to $202.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Applied Materials from $220.00 to $200.00 and set a “hold” rating on the stock in a research report on Friday, November 15th. Finally, Susquehanna dropped their price target on Applied Materials from $190.00 to $170.00 and set a “neutral” rating for the company in a research report on Monday, November 11th. One equities 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $218.95.
Read Our Latest Analysis on AMAT
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.
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