Applied Materials, Inc. (NASDAQ:AMAT) Shares Sold by 180 Wealth Advisors LLC

180 Wealth Advisors LLC trimmed its position in Applied Materials, Inc. (NASDAQ:AMAT) by 13.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,718 shares of the manufacturing equipment provider’s stock after selling 2,070 shares during the period. 180 Wealth Advisors LLC’s holdings in Applied Materials were worth $2,231,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Mendota Financial Group LLC grew its holdings in Applied Materials by 12.9% in the fourth quarter. Mendota Financial Group LLC now owns 614 shares of the manufacturing equipment provider’s stock valued at $100,000 after purchasing an additional 70 shares during the period. West Oak Capital LLC increased its position in shares of Applied Materials by 4.0% in the fourth quarter. West Oak Capital LLC now owns 13,982 shares of the manufacturing equipment provider’s stock worth $2,274,000 after acquiring an additional 535 shares in the last quarter. Greenfield Savings Bank raised its stake in shares of Applied Materials by 4.4% in the 4th quarter. Greenfield Savings Bank now owns 11,149 shares of the manufacturing equipment provider’s stock valued at $1,813,000 after acquiring an additional 468 shares during the period. Leibman Financial Services Inc. lifted its holdings in shares of Applied Materials by 1.7% during the 4th quarter. Leibman Financial Services Inc. now owns 15,285 shares of the manufacturing equipment provider’s stock valued at $2,486,000 after acquiring an additional 251 shares in the last quarter. Finally, Miracle Mile Advisors LLC boosted its position in Applied Materials by 5.5% during the 4th quarter. Miracle Mile Advisors LLC now owns 12,522 shares of the manufacturing equipment provider’s stock worth $2,036,000 after purchasing an additional 652 shares during the period. Institutional investors and hedge funds own 80.56% of the company’s stock.

Analyst Upgrades and Downgrades

AMAT has been the topic of a number of recent research reports. Bank of America reduced their price objective on Applied Materials from $220.00 to $210.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Citigroup lowered their price objective on Applied Materials from $240.00 to $217.00 and set a “buy” rating for the company in a research note on Monday, September 16th. Needham & Company LLC reduced their target price on Applied Materials from $240.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Sanford C. Bernstein reduced their price objective on 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, Cantor Fitzgerald reissued an “overweight” rating and set a $250.00 target price on shares of Applied Materials in a report on Friday, November 15th. One 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $218.24.

Applied Materials Price Performance

Shares of NASDAQ:AMAT opened at $170.86 on Tuesday. The stock has a market cap of $139.03 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 1.61 and a beta of 1.53. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.51 and a quick ratio of 1.87. Applied Materials, Inc. has a 12 month low of $149.84 and a 12 month high of $255.89. The stock’s 50 day moving average price is $173.69 and its 200 day moving average price is $192.18.

Applied Materials (NASDAQ:AMAT) last announced 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 business had revenue of $7.05 billion during the quarter, compared to analyst estimates of $6.96 billion. Applied Materials had a return on equity of 39.26% and a net margin of 26.41%. The company’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.12 earnings per share. Equities research analysts anticipate that Applied Materials, Inc. will post 9.48 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date is Thursday, February 20th. Applied Materials’s payout ratio is 18.58%.

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.