Regentatlantic Capital LLC trimmed its position in Applied Materials, Inc. (NASDAQ:AMAT) by 2.8% during the first quarter, HoldingsChannel reports. The firm owned 14,428 shares of the manufacturing equipment provider’s stock after selling 416 shares during the period. Regentatlantic Capital LLC’s holdings in Applied Materials were worth $572,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in AMAT. Family Legacy Inc. raised its stake in Applied Materials by 4.4% during the 4th quarter. Family Legacy Inc. now owns 30,602 shares of the manufacturing equipment provider’s stock worth $1,002,000 after acquiring an additional 1,288 shares in the last quarter. Aptus Capital Advisors LLC purchased a new position in Applied Materials during the 4th quarter worth $1,576,000. Pactiv General Employee Benefit Trust purchased a new position in Applied Materials during the 4th quarter worth $18,165,000. XR Securities LLC purchased a new position in Applied Materials during the 1st quarter worth $619,000. Finally, Lourd Capital LLC grew its position in Applied Materials by 3.9% during the 4th quarter. Lourd Capital LLC now owns 19,412 shares of the manufacturing equipment provider’s stock worth $636,000 after purchasing an additional 728 shares during the last quarter. Institutional investors and hedge funds own 78.75% of the company’s stock.
Several research analysts have issued reports on AMAT shares. Zacks Investment Research downgraded shares of Applied Materials from a “hold” rating to a “sell” rating in a research report on Monday, February 11th. Argus reissued a “buy” rating on shares of Applied Materials in a research report on Tuesday, February 19th. ValuEngine raised shares of Applied Materials from a “sell” rating to a “hold” rating in a research report on Friday, April 19th. BidaskClub downgraded shares of Applied Materials from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Finally, Royal Bank of Canada raised shares of Applied Materials from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $38.00 to $45.00 in a research report on Tuesday, January 29th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $49.90.
Shares of NASDAQ:AMAT opened at $40.80 on Friday. The stock has a market capitalization of $38.87 billion, a PE ratio of 9.17, a PEG ratio of 1.72 and a beta of 1.66. The company has a current ratio of 2.72, a quick ratio of 1.74 and a debt-to-equity ratio of 0.65. Applied Materials, Inc. has a fifty-two week low of $28.79 and a fifty-two week high of $56.94.
Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, February 14th. The manufacturing equipment provider reported $0.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.02. The business had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.71 billion. Applied Materials had a net margin of 23.50% and a return on equity of 58.28%. The business’s quarterly revenue was down 10.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.06 earnings per share. On average, equities analysts predict that Applied Materials, Inc. will post 2.94 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 23rd will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $0.84 dividend on an annualized basis and a yield of 2.06%. This is an increase from Applied Materials’s previous quarterly dividend of $0.20. Applied Materials’s payout ratio is currently 17.98%.
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Applied Materials Profile
Applied Materials, Inc provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It 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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