Everett Harris & Co. CA Sells 67 Shares of Applied Materials, Inc. (NASDAQ:AMAT)

Everett Harris & Co. CA reduced its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,859 shares of the manufacturing equipment provider’s stock after selling 67 shares during the quarter. Everett Harris & Co. CA’s holdings in Applied Materials were worth $465,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp grew its position in Applied Materials by 1.8% during the third quarter. State Street Corp now owns 38,808,047 shares of the manufacturing equipment provider’s stock valued at $7,841,178,000 after buying an additional 672,548 shares during the period. Geode Capital Management LLC grew its holdings in Applied Materials by 1.9% during the third quarter. Geode Capital Management LLC now owns 19,826,373 shares of the manufacturing equipment provider’s stock valued at $3,994,968,000 after purchasing an additional 371,866 shares during the period. FMR LLC increased its position in Applied Materials by 5.5% in the third quarter. FMR LLC now owns 16,413,112 shares of the manufacturing equipment provider’s stock worth $3,316,269,000 after buying an additional 858,122 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Applied Materials by 3.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,861,933 shares of the manufacturing equipment provider’s stock valued at $1,790,554,000 after buying an additional 318,445 shares during the period. Finally, Van ECK Associates Corp lifted its position in shares of Applied Materials by 29.8% during the 3rd quarter. Van ECK Associates Corp now owns 6,571,178 shares of the manufacturing equipment provider’s stock valued at $1,327,707,000 after buying an additional 1,509,439 shares during the last quarter. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Applied Materials Trading Down 0.8 %

Shares of AMAT opened at $180.35 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.87 and a current ratio of 2.51. Applied Materials, Inc. has a fifty-two week low of $158.96 and a fifty-two week high of $255.89. The firm has a 50 day moving average price of $174.48 and a 200-day moving average price of $187.06. The firm has a market cap of $146.57 billion, a price-to-earnings ratio of 20.95, a PEG ratio of 1.79 and a beta of 1.53.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data on Thursday, November 14th. The manufacturing equipment provider reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.19 by $0.13. Applied Materials had a return on equity of 39.26% and a net margin of 26.41%. The firm had revenue of $7.05 billion for the quarter, compared to analysts’ expectations of $6.96 billion. During the same period last year, the firm earned $2.12 earnings per share. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, equities research analysts forecast that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Thursday, February 20th. Applied Materials’s dividend payout ratio (DPR) is presently 18.58%.

Wall Street Analysts Forecast Growth

AMAT has been the topic of a number of research reports. Bank of America lowered 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. Morgan Stanley reiterated an “underweight” rating and set a $164.00 price objective (down from $179.00) on shares of Applied Materials in a research note on Thursday, December 5th. Barclays cut their target price on Applied Materials from $225.00 to $200.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. KeyCorp upgraded Applied Materials from a “sector weight” rating to an “overweight” rating and set a $225.00 price target on the stock in a research report on Friday, January 17th. Finally, Wells Fargo & Company cut their price objective on shares of Applied Materials from $210.00 to $200.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $218.71.

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.