Nations Financial Group Inc. IA ADV Decreases Stake in Applied Materials, Inc. (NASDAQ:AMAT)

Nations Financial Group Inc. IA ADV lowered its position in Applied Materials, Inc. (NASDAQ:AMATFree Report) by 15.4% in the 4th quarter, HoldingsChannel reports. The fund owned 6,221 shares of the manufacturing equipment provider’s stock after selling 1,136 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Applied Materials were worth $1,008,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Atlantic Edge Private Wealth Management LLC bought a new position in Applied Materials in the 4th quarter worth about $27,000. Global Wealth Management Investment Advisory Inc. boosted its position in shares of Applied Materials by 76.9% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 230 shares of the manufacturing equipment provider’s stock valued at $32,000 after acquiring an additional 100 shares during the last quarter. First United Bank & Trust bought a new stake in shares of Applied Materials during the 4th quarter valued at about $45,000. Tompkins Financial Corp bought a new stake in shares of Applied Materials during the 4th quarter valued at about $49,000. Finally, Highlander Capital Management LLC boosted its position in shares of Applied Materials by 60.0% during the 4th quarter. Highlander Capital Management LLC now owns 320 shares of the manufacturing equipment provider’s stock valued at $52,000 after acquiring an additional 120 shares during the last quarter. Institutional investors own 80.56% of the company’s stock.

Wall Street Analyst Weigh In

AMAT has been the subject of a number of research analyst reports. Morgan Stanley lifted their price target on Applied Materials from $142.00 to $190.00 and gave the company an “equal weight” rating in a research report on Monday, February 12th. Mizuho boosted their target price on Applied Materials from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Needham & Company LLC restated a “buy” rating and issued a $240.00 target price on shares of Applied Materials in a research report on Friday, May 17th. Citigroup boosted their target price on Applied Materials from $170.00 to $211.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Finally, JPMorgan Chase & Co. boosted their target price on Applied Materials from $230.00 to $240.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $215.64.

Read Our Latest Stock Analysis on Applied Materials

Applied Materials Stock Performance

Applied Materials stock traded up $2.94 during mid-day trading on Friday, reaching $220.89. 3,795,707 shares of the stock traded hands, compared to its average volume of 4,466,837. The stock has a market capitalization of $183.54 billion, a PE ratio of 25.39, a price-to-earnings-growth ratio of 2.89 and a beta of 1.58. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.80 and a quick ratio of 1.97. Applied Materials, Inc. has a 12-month low of $126.13 and a 12-month high of $225.07. The business’s 50-day moving average is $206.44 and its 200-day moving average is $181.94.

Applied Materials (NASDAQ:AMATGet Free Report) last posted its quarterly earnings data on Thursday, May 16th. The manufacturing equipment provider reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $1.97 by $0.12. The company had revenue of $6.65 billion during the quarter, compared to analysts’ expectations of $6.54 billion. Applied Materials had a return on equity of 41.22% and a net margin of 27.57%. Applied Materials’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.00 earnings per share. As a group, sell-side analysts predict that Applied Materials, Inc. will post 8.32 EPS for the current fiscal year.

Applied Materials Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 23rd will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, May 22nd. This is a positive change from Applied Materials’s previous quarterly dividend of $0.32. This represents a $1.60 dividend on an annualized basis and a yield of 0.72%. Applied Materials’s dividend payout ratio is presently 18.39%.

About Applied Materials

(Free Report)

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.

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Institutional Ownership by Quarter for Applied Materials (NASDAQ:AMAT)

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