Applied Materials, Inc. (NASDAQ:AMAT) Shares Sold by Amalgamated Bank

Amalgamated Bank reduced its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 6.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 171,752 shares of the manufacturing equipment provider’s stock after selling 12,259 shares during the period. Amalgamated Bank’s holdings in Applied Materials were worth $27,932,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. FPC Investment Advisory Inc. purchased a new stake in Applied Materials in the fourth quarter valued at approximately $28,000. Crews Bank & Trust acquired a new position in shares of Applied Materials in the 4th quarter valued at $28,000. MidAtlantic Capital Management Inc. purchased a new stake in Applied Materials in the 3rd quarter valued at $37,000. YANKCOM Partnership purchased a new position in Applied Materials during the 4th quarter worth $32,000. Finally, Dunhill Financial LLC grew its position in 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 purchasing an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AMAT. Cantor Fitzgerald reiterated an “overweight” rating and set a $250.00 target price on shares of Applied Materials in a research note on Friday, November 15th. Sanford C. Bernstein decreased their price objective on Applied Materials from $220.00 to $210.00 and set an “outperform” rating for the company in a research report on Friday, November 29th. Deutsche Bank Aktiengesellschaft dropped their target price on Applied Materials from $220.00 to $200.00 and set a “hold” rating on the stock in a report on Friday, November 15th. Citigroup increased their price target on Applied Materials from $194.00 to $202.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Finally, Barclays dropped their price objective on shares of Applied Materials from $200.00 to $190.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $215.38.

Applied Materials Trading Down 2.0 %

Shares of AMAT stock opened at $168.57 on Tuesday. The stock has a market cap of $137.00 billion, a P/E ratio of 22.04, a P/E/G ratio of 1.81 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. The business has a fifty day simple moving average of $175.62 and a 200-day simple moving average of $183.74. The company has a quick ratio of 1.96, a current ratio of 2.67 and a debt-to-equity ratio of 0.29.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings results on Thursday, February 13th. The manufacturing equipment provider reported $2.38 EPS for the quarter, beating the consensus estimate of $2.28 by $0.10. Applied Materials had a net margin of 22.95% and a return on equity of 39.50%. On average, analysts forecast that Applied Materials, Inc. will post 9.38 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. Investors of record on Thursday, February 20th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Thursday, February 20th. Applied Materials’s payout ratio is currently 20.92%.

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.