Dupont Capital Management Corp Sells 2,187 Shares of Applied Materials, Inc. (NASDAQ:AMAT)

Dupont Capital Management Corp lessened its holdings in Applied Materials, Inc. (NASDAQ:AMATFree Report) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,078 shares of the manufacturing equipment provider’s stock after selling 2,187 shares during the quarter. Applied Materials accounts for approximately 1.2% of Dupont Capital Management Corp’s investment portfolio, making the stock its 22nd biggest holding. Dupont Capital Management Corp’s holdings in Applied Materials were worth $13,627,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. CGC Financial Services LLC bought a new stake in shares of Applied Materials in the second quarter worth $29,000. Global Wealth Management Investment Advisory Inc. increased its holdings in Applied Materials by 76.9% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 230 shares of the manufacturing equipment provider’s stock worth $32,000 after buying an additional 100 shares during the last quarter. Financial Freedom LLC acquired a new position in Applied Materials during the fourth quarter worth $25,000. BluePath Capital Management LLC acquired a new position in Applied Materials during the third quarter worth $39,000. Finally, RVW Wealth LLC acquired a new position in Applied Materials during the third quarter worth $41,000. Institutional investors own 80.56% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on AMAT. TD Cowen boosted their target price on shares of Applied Materials from $185.00 to $245.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Cantor Fitzgerald restated a “neutral” rating and set a $220.00 target price on shares of Applied Materials in a report on Monday, March 4th. Citigroup upped their price objective on shares of Applied Materials from $170.00 to $211.00 and gave the company a “buy” rating in a report on Friday, February 16th. Barclays upped their price objective on shares of Applied Materials from $120.00 to $140.00 and gave the company an “underweight” rating in a report on Tuesday, January 16th. Finally, UBS Group upped their price objective on shares of Applied Materials from $185.00 to $235.00 and gave the company a “neutral” rating in a report on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat.com, Applied Materials currently has a consensus rating of “Moderate Buy” and a consensus target price of $191.83.

View Our Latest Report on Applied Materials

Applied Materials Trading Down 1.2 %

AMAT opened at $206.11 on Wednesday. Applied Materials, Inc. has a twelve month low of $109.00 and a twelve month high of $214.91. The company has a 50-day simple moving average of $192.85 and a 200 day simple moving average of $163.33. The company has a quick ratio of 1.91, a current ratio of 2.71 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $171.26 billion, a price-to-earnings ratio of 24.25, a P/E/G ratio of 3.12 and a beta of 1.59.

Applied Materials (NASDAQ:AMATGet Free Report) last posted its earnings results on Thursday, February 15th. The manufacturing equipment provider reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.23. The firm had revenue of $6.71 billion during the quarter, compared to analysts’ expectations of $6.48 billion. Applied Materials had a net margin of 27.03% and a return on equity of 43.56%. The business’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.03 earnings per share. Analysts predict that Applied Materials, Inc. will post 8.03 EPS for the current fiscal year.

Applied Materials Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 23rd will be issued a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.78%. This is a boost from Applied Materials’s previous quarterly dividend of $0.32. Applied Materials’s dividend payout ratio is 15.06%.

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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