Brooklyn Investment Group Acquires 582 Shares of Applied Materials, Inc. (NASDAQ:AMAT)

Brooklyn Investment Group boosted its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 10.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,038 shares of the manufacturing equipment provider’s stock after acquiring an additional 582 shares during the quarter. Brooklyn Investment Group’s holdings in Applied Materials were worth $982,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Clean Yield Group bought a new position in Applied Materials in the 3rd quarter valued at about $33,000. First PREMIER Bank lifted its position in Applied Materials by 326.3% in the 3rd quarter. First PREMIER Bank now owns 162 shares of the manufacturing equipment provider’s stock valued at $33,000 after acquiring an additional 124 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new position in shares of Applied Materials during the 3rd quarter worth approximately $37,000. DT Investment Partners LLC lifted its position in shares of Applied Materials by 592.9% during the 3rd 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 lifted its position in shares of Applied Materials by 61.4% during the 3rd quarter. Dunhill Financial LLC now owns 213 shares of the manufacturing equipment provider’s stock worth $43,000 after buying an additional 81 shares in the last quarter. Institutional investors own 80.56% of the company’s stock.

Applied Materials Stock Up 3.0 %

AMAT opened at $192.05 on Friday. The company has a fifty day moving average price of $173.10 and a 200-day moving average price of $191.61. The firm has a market capitalization of $156.27 billion, a P/E ratio of 22.31, a price-to-earnings-growth ratio of 1.75 and a beta of 1.53. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.51 and a quick ratio of 1.87. Applied Materials, Inc. has a one year low of $156.78 and a one year 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, beating analysts’ consensus estimates of $2.19 by $0.13. The firm had revenue of $7.05 billion during the quarter, compared to analyst estimates of $6.96 billion. Applied Materials had a net margin of 26.41% and a return on equity of 39.26%. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.12 EPS. Equities research analysts expect that Applied Materials, Inc. will post 9.37 earnings per share for the current fiscal year.

Applied Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be issued a dividend of $0.40 per share. 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 currently 18.58%.

Analyst Ratings Changes

Several equities analysts have commented on AMAT shares. The Goldman Sachs Group dropped their target price on shares of Applied Materials from $230.00 to $202.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. 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. Barclays dropped 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 report on Friday. Needham & Company LLC decreased their price target on shares of Applied Materials from $240.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Finally, TD Cowen decreased their price target on shares of Applied Materials from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, November 15th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, Applied Materials has a consensus rating of “Moderate Buy” and a consensus price target of $217.41.

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.