Applied Materials, Inc. (NASDAQ:AMAT) Shares Sold by Bonness Enterprises Inc.

Bonness Enterprises Inc. trimmed its position in Applied Materials, Inc. (NASDAQ:AMATFree Report) by 3.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 30,300 shares of the manufacturing equipment provider’s stock after selling 1,000 shares during the quarter. Applied Materials makes up 2.1% of Bonness Enterprises Inc.’s holdings, making the stock its 10th largest position. Bonness Enterprises Inc.’s holdings in Applied Materials were worth $4,911,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of AMAT. CGC Financial Services LLC acquired a new stake in Applied Materials during the second quarter worth approximately $29,000. Global Wealth Management Investment Advisory Inc. increased its stake in Applied Materials by 76.9% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 230 shares of the manufacturing equipment provider’s stock worth $32,000 after acquiring an additional 100 shares during the period. Financial Freedom LLC bought a new stake in shares of Applied Materials during the 4th quarter valued at $25,000. BluePath Capital Management LLC bought a new position in shares of Applied Materials in the third quarter worth $39,000. Finally, RVW Wealth LLC bought a new stake in Applied Materials during the third quarter worth about $41,000. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Needham & Company LLC upped their price target on shares of Applied Materials from $180.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Barclays upped their price objective on Applied Materials from $120.00 to $140.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 16th. UBS Group lifted their price target 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. Raymond James boosted their target price on shares of Applied Materials from $180.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th. Finally, TD Cowen upped their target price on Applied Materials from $185.00 to $245.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $191.83.

Get Our Latest Stock Analysis on Applied Materials

Applied Materials Stock Up 1.2 %

Applied Materials stock opened at $208.69 on Tuesday. The firm has a 50 day simple moving average of $192.04 and a 200 day simple moving average of $162.88. The firm has a market capitalization of $173.40 billion, a price-to-earnings ratio of 24.55, a P/E/G ratio of 3.12 and a beta of 1.59. The company has a current ratio of 2.71, a quick ratio of 1.91 and a debt-to-equity ratio of 0.31. Applied Materials, Inc. has a 1-year low of $109.00 and a 1-year high of $214.91.

Applied Materials (NASDAQ:AMATGet Free Report) last issued its quarterly earnings data on Thursday, February 15th. The manufacturing equipment provider reported $2.13 EPS for the quarter, beating the consensus estimate of $1.90 by $0.23. The company 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%. Applied Materials’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.03 earnings per share. On average, analysts predict that Applied Materials, Inc. will post 8.03 earnings per share for the current year.

Applied Materials Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 23rd will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date is Wednesday, May 22nd. This is an increase from Applied Materials’s previous quarterly dividend of $0.32. Applied Materials’s dividend payout ratio (DPR) 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.

Featured Stories

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.