BetterWealth LLC Cuts Stock Holdings in Applied Materials, Inc. (NASDAQ:AMAT)

BetterWealth LLC reduced its stake in Applied Materials, Inc. (NASDAQ:AMATFree Report) by 8.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,504 shares of the manufacturing equipment provider’s stock after selling 134 shares during the quarter. BetterWealth LLC’s holdings in Applied Materials were worth $245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Orca Wealth Management LLC purchased a new stake in shares of Applied Materials during the 4th quarter valued at $288,000. BSW Wealth Partners increased its stake in Applied Materials by 31.0% in the fourth quarter. BSW Wealth Partners now owns 5,578 shares of the manufacturing equipment provider’s stock valued at $907,000 after acquiring an additional 1,319 shares during the last quarter. Stonegate Investment Group LLC raised its position in Applied Materials by 2.2% during the fourth quarter. Stonegate Investment Group LLC now owns 4,931 shares of the manufacturing equipment provider’s stock valued at $802,000 after purchasing an additional 107 shares in the last quarter. Perigon Wealth Management LLC lifted its stake in Applied Materials by 6.3% during the fourth quarter. Perigon Wealth Management LLC now owns 24,619 shares of the manufacturing equipment provider’s stock worth $4,004,000 after purchasing an additional 1,468 shares during the last quarter. Finally, Patrick M Sweeney & Associates Inc. boosted its holdings in shares of Applied Materials by 3.2% in the 4th quarter. Patrick M Sweeney & Associates Inc. now owns 2,783 shares of the manufacturing equipment provider’s stock worth $453,000 after purchasing an additional 85 shares in the last quarter. 80.56% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AMAT. Wells Fargo & Company dropped their target price on Applied Materials from $210.00 to $200.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Barclays lowered their price objective on shares of Applied Materials from $225.00 to $200.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. KeyCorp raised shares of Applied Materials from a “sector weight” rating to an “overweight” rating and set a $225.00 target price on the stock in a report on Friday, January 17th. Stifel Nicolaus cut their price target on shares of Applied Materials from $270.00 to $250.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Finally, Susquehanna lifted their price objective on Applied Materials from $155.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $218.71.

Get Our Latest Research Report on AMAT

Applied Materials Stock Down 1.0 %

AMAT stock opened at $172.85 on Wednesday. Applied Materials, Inc. has a fifty-two week low of $158.96 and a fifty-two week high of $255.89. The company has a market capitalization of $140.64 billion, a price-to-earnings ratio of 20.08, a price-to-earnings-growth ratio of 1.99 and a beta of 1.53. The business’s 50 day moving average price is $174.07 and its two-hundred day moving average price is $188.14. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.87 and a current ratio of 2.51.

Applied Materials (NASDAQ:AMATGet Free Report) last issued its quarterly earnings results on Thursday, November 14th. The manufacturing equipment provider reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.19 by $0.13. Applied Materials had a return on equity of 39.26% and a net margin of 26.41%. The company had revenue of $7.05 billion for the quarter, compared to analysts’ expectations of $6.96 billion. During the same period in the prior year, the firm earned $2.12 earnings per share. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, analysts forecast that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Thursday, February 20th. Applied Materials’s payout ratio is currently 18.58%.

Applied Materials Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding AMAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Applied Materials, Inc. (NASDAQ:AMATFree Report).

Institutional Ownership by Quarter for Applied Materials (NASDAQ:AMAT)

Receive News & Ratings for Applied Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Materials and related companies with MarketBeat.com's FREE daily email newsletter.