Applied Materials, Inc. (NASDAQ:AMAT) Shares Sold by Jmac Enterprises LLC

Jmac Enterprises LLC trimmed its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 31.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,333 shares of the manufacturing equipment provider’s stock after selling 608 shares during the period. Jmac Enterprises LLC’s holdings in Applied Materials were worth $217,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Crews Bank & Trust acquired a new position in Applied Materials during the 4th quarter valued at about $28,000. YANKCOM Partnership bought a new position in shares of Applied Materials in the fourth quarter valued at approximately $32,000. MidAtlantic Capital Management Inc. acquired a new position in shares of Applied Materials during the third quarter valued at approximately $37,000. DT Investment Partners LLC raised its holdings in Applied Materials by 592.9% during the third quarter. DT Investment Partners LLC now owns 194 shares of the manufacturing equipment provider’s stock worth $39,000 after purchasing an additional 166 shares in the last quarter. Finally, City Holding Co. acquired a new stake in Applied Materials in the fourth quarter worth approximately $39,000. 80.56% of the stock is owned by institutional investors and hedge funds.

Applied Materials Price Performance

Shares of AMAT opened at $183.20 on Wednesday. The business’s 50-day moving average is $175.20 and its 200-day moving average is $185.04. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.51 and a quick ratio of 1.87. The company has a market capitalization of $148.89 billion, a price-to-earnings ratio of 21.28, a P/E/G ratio of 1.86 and a beta of 1.53. Applied Materials, Inc. has a fifty-two week low of $158.96 and a fifty-two week high of $255.89.

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 the consensus estimate of $2.19 by $0.13. The firm had revenue of $7.05 billion for 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 company’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.12 EPS. Equities research analysts expect that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Dividend Announcement

The company also recently disclosed 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 of this dividend is Thursday, February 20th. This represents a $1.60 dividend on an annualized basis and a yield of 0.87%. Applied Materials’s payout ratio is 18.58%.

Wall Street Analysts Forecast Growth

AMAT has been the topic of several research analyst reports. Cantor Fitzgerald reiterated an “overweight” rating and set a $250.00 price target on shares of Applied Materials in a research report on Friday, November 15th. KeyCorp raised 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. TD Cowen cut their price target on shares of Applied Materials from $250.00 to $230.00 and set a “buy” rating for the company in a report on Friday, November 15th. Sanford C. Bernstein lowered their price objective 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, November 29th. Finally, Evercore ISI cut their target price on shares of Applied Materials from $260.00 to $250.00 and set an “outperform” rating for the company in a research note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Applied Materials currently has a consensus rating of “Moderate Buy” and an average price target of $218.00.

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.