Applied Materials, Inc. (NASDAQ:AMAT) Holdings Trimmed by Baker Tilly Wealth Management LLC

Baker Tilly Wealth Management LLC lowered its position in shares of Applied Materials, Inc. (NASDAQ:AMATFree Report) by 15.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,243 shares of the manufacturing equipment provider’s stock after selling 800 shares during the period. Baker Tilly Wealth Management LLC’s holdings in Applied Materials were worth $688,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Impact Partnership Wealth LLC lifted its stake in Applied Materials by 2.6% in the 3rd quarter. Impact Partnership Wealth LLC now owns 2,900 shares of the manufacturing equipment provider’s stock worth $402,000 after acquiring an additional 73 shares in the last quarter. Redwood Financial Network Corp raised its stake in shares of Applied Materials by 4.6% during the 3rd quarter. Redwood Financial Network Corp now owns 1,721 shares of the manufacturing equipment provider’s stock worth $238,000 after purchasing an additional 75 shares in the last quarter. Kingswood Wealth Advisors LLC raised its stake in shares of Applied Materials by 1.8% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 4,343 shares of the manufacturing equipment provider’s stock worth $601,000 after purchasing an additional 76 shares in the last quarter. Glenview Trust co increased its holdings in shares of Applied Materials by 0.3% during the 3rd quarter. Glenview Trust co now owns 28,027 shares of the manufacturing equipment provider’s stock valued at $3,880,000 after acquiring an additional 77 shares during the last quarter. Finally, Salvus Wealth Management LLC increased its holdings in shares of Applied Materials by 0.8% during the 3rd quarter. Salvus Wealth Management LLC now owns 9,389 shares of the manufacturing equipment provider’s stock valued at $1,300,000 after acquiring an additional 78 shares during the last quarter. Institutional investors own 77.24% of the company’s stock.

Applied Materials Stock Performance

Shares of NASDAQ AMAT opened at $205.06 on Thursday. The stock has a 50 day moving average price of $183.60 and a 200 day moving average price of $159.57. Applied Materials, Inc. has a 52 week low of $109.00 and a 52 week high of $214.26. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.91 and a current ratio of 2.71. The stock has a market capitalization of $170.38 billion, a PE ratio of 24.12, a price-to-earnings-growth ratio of 3.04 and a beta of 1.59.

Applied Materials (NASDAQ:AMATGet Free Report) last released its quarterly earnings results on Thursday, February 15th. The manufacturing equipment provider reported $2.13 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.23. Applied Materials had a return on equity of 43.56% and a net margin of 27.03%. The business had revenue of $6.71 billion during the quarter, compared to analysts’ expectations of $6.48 billion. During the same period last year, the firm posted $2.03 EPS. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. Analysts predict that Applied Materials, Inc. will post 8.03 earnings per share 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. Shareholders of record on Thursday, May 23rd will be issued a dividend of $0.40 per share. The ex-dividend date is Wednesday, May 22nd. This is an increase from Applied Materials’s previous quarterly dividend of $0.32. This represents a $1.60 annualized dividend and a yield of 0.78%. Applied Materials’s payout ratio is presently 18.82%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AMAT shares. Redburn Atlantic raised Applied Materials from a “neutral” rating to a “buy” rating and set a $175.00 price objective on the stock in a report on Wednesday, November 22nd. Morgan Stanley raised their target price on Applied Materials from $142.00 to $190.00 and gave the company an “equal weight” rating in a report on Monday, February 12th. UBS Group raised their target price on Applied Materials from $185.00 to $235.00 and gave the company a “neutral” rating in a report on Tuesday, March 5th. Barclays raised their target price on Applied Materials from $120.00 to $140.00 and gave the company an “underweight” rating in a report on Tuesday, January 16th. Finally, Needham & Company LLC raised their target price on Applied Materials from $180.00 to $240.00 and gave the company a “buy” rating in a report on Friday, February 16th. One 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 data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $191.83.

Get Our Latest Analysis on Applied Materials

Insider Activity

In related news, SVP Omkaram Nalamasu sold 23,228 shares of the business’s stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $162.45, for a total value of $3,773,388.60. Following the completion of the sale, the senior vice president now directly owns 190,972 shares of the company’s stock, valued at approximately $31,023,401.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.29% of the stock is owned by company insiders.

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.

Featured Articles

Want to see what other hedge funds are holding AMAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Applied Materials, Inc. (NASDAQ:AMATFree Report).

Institutional Ownership by Quarter for Applied Materials (NASDAQ:AMAT)

Receive News & Ratings for Applied Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Materials and related companies with MarketBeat.com's FREE daily email newsletter.