Applied Materials, Inc. (NASDAQ:AMAT) Stock Holdings Lifted by Greenfield Savings Bank

Greenfield Savings Bank lifted its position in Applied Materials, Inc. (NASDAQ:AMAT) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,149 shares of the manufacturing equipment provider’s stock after buying an additional 468 shares during the quarter. Greenfield Savings Bank’s holdings in Applied Materials were worth $1,813,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Fairfield Financial Advisors LTD acquired a new stake in shares of Applied Materials in the second quarter worth about $28,000. Clean Yield Group bought a new stake in Applied Materials during the third quarter worth approximately $33,000. First PREMIER Bank raised its position in shares of Applied Materials by 326.3% in the third quarter. First PREMIER Bank now owns 162 shares of the manufacturing equipment provider’s stock valued at $33,000 after purchasing an additional 124 shares during the period. MidAtlantic Capital Management Inc. acquired a new stake in shares of Applied Materials in the third quarter worth $37,000. Finally, DT Investment Partners LLC boosted its holdings in shares of Applied Materials by 592.9% during the 3rd quarter. DT Investment Partners LLC now owns 194 shares of the manufacturing equipment provider’s stock worth $39,000 after buying an additional 166 shares during the period. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Citigroup lowered their price target on Applied Materials from $240.00 to $217.00 and set a “buy” rating on the stock in a research report on Monday, September 16th. Needham & Company LLC reduced their target price on shares of Applied Materials from $240.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Cantor Fitzgerald restated an “overweight” rating and set a $250.00 price target on shares of Applied Materials in a research note on Friday, November 15th. Stifel Nicolaus reduced their price objective on Applied Materials from $270.00 to $250.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Finally, TD Cowen lowered their price objective on Applied Materials from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $218.24.

Applied Materials Stock Down 0.5 %

AMAT stock opened at $170.86 on Tuesday. The business has a 50-day moving average of $173.69 and a 200-day moving average of $192.18. Applied Materials, Inc. has a fifty-two week low of $149.84 and a fifty-two week high of $255.89. The stock has a market capitalization of $139.03 billion, a P/E ratio of 19.84, a P/E/G 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 (NASDAQ:AMAT) last released its earnings results on Thursday, November 14th. The manufacturing equipment provider reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.19 by $0.13. Applied Materials had a net margin of 26.41% and a return on equity of 39.26%. The business had revenue of $7.05 billion during the quarter, compared to the consensus estimate of $6.96 billion. During the same quarter last year, the firm earned $2.12 earnings per share. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Applied Materials, Inc. will post 9.48 earnings per share for the current fiscal year.

Applied Materials Dividend Announcement

The business 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 dividend of $0.40 per share. The ex-dividend date is Thursday, February 20th. This represents a $1.60 annualized dividend and a yield of 0.94%. Applied Materials’s dividend payout ratio (DPR) is presently 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.