Waldron Private Wealth LLC Sells 479 Shares of Applied Materials, Inc. (NASDAQ:AMAT)

Waldron Private Wealth LLC lowered its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 5.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,609 shares of the manufacturing equipment provider’s stock after selling 479 shares during the quarter. Waldron Private Wealth LLC’s holdings in Applied Materials were worth $1,237,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of AMAT. Forum Financial Management LP raised its position in shares of Applied Materials by 0.6% in the third quarter. Forum Financial Management LP now owns 9,143 shares of the manufacturing equipment provider’s stock valued at $1,847,000 after purchasing an additional 53 shares during the period. Sargent Investment Group LLC raised its holdings in Applied Materials by 4.0% in 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 during the period. Biltmore Family Office LLC lifted its position in Applied Materials by 5.3% during the 3rd quarter. Biltmore Family Office LLC now owns 1,093 shares of the manufacturing equipment provider’s stock worth $221,000 after acquiring an additional 55 shares during the last quarter. Field & Main Bank boosted its holdings in Applied Materials by 1.8% during the fourth quarter. Field & Main Bank now owns 3,170 shares of the manufacturing equipment provider’s stock valued at $516,000 after acquiring an additional 55 shares during the period. Finally, waypoint wealth counsel grew its position in shares of Applied Materials by 3.1% in the third 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 during the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.

Applied Materials Price Performance

NASDAQ:AMAT opened at $180.35 on Friday. The firm has a market cap of $146.57 billion, a PE ratio of 20.95, a price-to-earnings-growth ratio of 1.79 and a beta of 1.53. The company’s 50-day moving average price is $174.37 and its two-hundred day moving average price is $187.51. The company has a quick ratio of 1.87, a current ratio of 2.51 and a debt-to-equity ratio of 0.29. Applied Materials, Inc. has a 12 month low of $158.96 and a 12 month high of $255.89.

Applied Materials (NASDAQ:AMAT) last released its quarterly 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. Applied Materials had a return on equity of 39.26% and a net margin of 26.41%. The business had revenue of $7.05 billion for the quarter, compared to analyst estimates of $6.96 billion. During the same period in the prior year, the company earned $2.12 EPS. Applied Materials’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, equities analysts anticipate that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be given 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 0.89%. Applied Materials’s dividend payout ratio (DPR) is 18.58%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Needham & Company LLC decreased their target price on Applied Materials from $240.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, November 15th. KeyCorp raised Applied Materials from a “sector weight” rating to an “overweight” rating and set a $225.00 price objective for the company in a research report on Friday, January 17th. Deutsche Bank Aktiengesellschaft dropped 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. Wells Fargo & Company reduced their price target on shares of Applied Materials from $210.00 to $200.00 and set an “overweight” rating for the company in a report on Monday, January 13th. Finally, Bank of America cut their price objective on shares of Applied Materials from $220.00 to $210.00 and set a “buy” rating for the company in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, Applied Materials presently has an average rating of “Moderate Buy” and a consensus target price of $218.71.

Applied Materials 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.