Duncker Streett & Co. Inc. Has $518,000 Stock Holdings in Applied Materials, Inc. (NASDAQ:AMAT)

Duncker Streett & Co. Inc. cut its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 5.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,186 shares of the manufacturing equipment provider’s stock after selling 190 shares during the quarter. Duncker Streett & Co. Inc.’s holdings in Applied Materials were worth $518,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Cantillon Capital Management LLC increased its stake in shares of Applied Materials by 0.5% in the fourth quarter. Cantillon Capital Management LLC now owns 3,165,402 shares of the manufacturing equipment provider’s stock worth $514,789,000 after acquiring an additional 16,804 shares during the last quarter. Jacobi Capital Management LLC increased its stake in shares of Applied Materials by 51.2% in the fourth quarter. Jacobi Capital Management LLC now owns 18,785 shares of the manufacturing equipment provider’s stock worth $3,055,000 after acquiring an additional 6,364 shares during the last quarter. Metis Global Partners LLC increased its stake in shares of Applied Materials by 0.9% in the fourth quarter. Metis Global Partners LLC now owns 44,252 shares of the manufacturing equipment provider’s stock worth $7,197,000 after acquiring an additional 375 shares during the last quarter. West Michigan Advisors LLC increased its stake in shares of Applied Materials by 4.9% in the fourth quarter. West Michigan Advisors LLC now owns 1,749 shares of the manufacturing equipment provider’s stock worth $284,000 after acquiring an additional 81 shares during the last quarter. Finally, Noble Wealth Management PBC acquired a new position in shares of Applied Materials in the fourth quarter worth $48,000. 80.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMAT has been the subject of a number of recent research reports. Bank of America decreased their price objective on shares of Applied Materials from $220.00 to $210.00 and set a “buy” rating for the company in a report on Friday, November 15th. Morgan Stanley reiterated an “underweight” rating and issued a $164.00 price objective (down from $179.00) on shares of Applied Materials in a report on Thursday, December 5th. The Goldman Sachs Group decreased their price objective on shares of Applied Materials from $230.00 to $202.00 and set a “buy” rating for the company in a report on Friday, January 10th. Mizuho decreased their price objective on shares of Applied Materials from $220.00 to $210.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Finally, Wells Fargo & Company decreased their price objective on shares of Applied Materials from $210.00 to $200.00 and set an “overweight” rating for the company in a report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $215.38.

Applied Materials Stock Performance

NASDAQ:AMAT opened at $158.07 on Friday. Applied Materials, Inc. has a 12-month low of $153.95 and a 12-month high of $255.89. The company has a quick ratio of 1.96, a current ratio of 2.67 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $128.42 billion, a PE ratio of 20.66, a price-to-earnings-growth ratio of 1.81 and a beta of 1.53. The firm has a 50-day moving average price of $175.38 and a 200 day moving average price of $182.90.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings results on Thursday, February 13th. The manufacturing equipment provider reported $2.38 earnings per share (EPS) for the quarter, topping 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%. Research analysts anticipate that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.01%. The ex-dividend date is Thursday, February 20th. Applied Materials’s dividend payout ratio (DPR) is presently 20.92%.

Insider Transactions at Applied Materials

In other news, CAO Adam Sanders sold 271 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $172.72, for a total transaction of $46,807.12. Following the completion of the sale, the chief accounting officer now owns 6,479 shares of the company’s stock, valued at approximately $1,119,052.88. This trade represents a 4.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.24% of the company’s stock.

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.