Daymark Wealth Partners LLC Sells 3,169 Shares of Applied Materials, Inc. (NASDAQ:AMAT)

Daymark Wealth Partners LLC reduced its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 13.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 21,241 shares of the manufacturing equipment provider’s stock after selling 3,169 shares during the period. Daymark Wealth Partners LLC’s holdings in Applied Materials were worth $3,455,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Forum Financial Management LP increased its position in Applied Materials by 0.6% during the 3rd quarter. Forum Financial Management LP now owns 9,143 shares of the manufacturing equipment provider’s stock valued at $1,847,000 after buying an additional 53 shares in the last quarter. Sargent Investment Group LLC increased its holdings in shares of Applied Materials by 4.0% during the third quarter. Sargent Investment Group LLC now owns 1,415 shares of the manufacturing equipment provider’s stock valued at $286,000 after acquiring an additional 55 shares in the last quarter. Biltmore Family Office LLC raised 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. waypoint wealth counsel boosted its stake in Applied Materials by 3.1% in the 3rd quarter. waypoint wealth counsel now owns 1,853 shares of the manufacturing equipment provider’s stock worth $374,000 after purchasing an additional 56 shares in the last quarter. Finally, BSW Wealth Partners increased its stake in Applied Materials by 1.3% during the 3rd quarter. BSW Wealth Partners now owns 4,259 shares of the manufacturing equipment provider’s stock valued at $860,000 after purchasing an additional 56 shares in the last quarter. 80.56% of the stock is owned by institutional investors.

Applied Materials Price Performance

Shares of AMAT opened at $192.87 on Wednesday. The company has a 50 day moving average of $173.29 and a two-hundred day moving average of $189.87. 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 twelve month low of $158.96 and a twelve month high of $255.89. The company has a market cap of $156.94 billion, a price-to-earnings ratio of 22.40, a price-to-earnings-growth ratio of 1.96 and a beta of 1.53.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings data on Thursday, November 14th. The manufacturing equipment provider reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.19 by $0.13. The business had revenue of $7.05 billion during the quarter, compared to analyst estimates of $6.96 billion. Applied Materials had a return on equity of 39.26% and a net margin of 26.41%. The company’s revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the business posted $2.12 EPS. As a group, analysts predict that Applied Materials, Inc. will post 9.37 earnings per share for the current fiscal year.

Applied Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Thursday, February 20th. Applied Materials’s dividend payout ratio is presently 18.58%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AMAT. Stifel Nicolaus decreased their price objective on shares of Applied Materials from $270.00 to $250.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft cut their price target on Applied Materials from $220.00 to $200.00 and set a “hold” rating for the company in a research note on Friday, November 15th. Bank of America reduced their target price on shares of Applied Materials from $220.00 to $210.00 and set a “buy” rating for the company in a report on Friday, November 15th. Barclays decreased their target price on shares of Applied Materials from $225.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $250.00 price objective on shares of Applied Materials in a research note on Friday, November 15th. One analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, Applied Materials presently has an average rating of “Moderate Buy” and an average target price of $218.95.

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.