Andina Capital Management LLC Has $224,000 Stake in Applied Materials, Inc. (NASDAQ:AMAT)

Andina Capital Management LLC reduced its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 8.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,379 shares of the manufacturing equipment provider’s stock after selling 131 shares during the period. Andina Capital Management LLC’s holdings in Applied Materials were worth $224,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Forum Financial Management LP increased its holdings in Applied Materials by 0.6% in the third quarter. Forum Financial Management LP now owns 9,143 shares of the manufacturing equipment provider’s stock worth $1,847,000 after purchasing an additional 53 shares in the last quarter. Sargent Investment Group LLC grew its position in shares of Applied Materials by 4.0% during the 3rd quarter. Sargent Investment Group LLC now owns 1,415 shares of the manufacturing equipment provider’s stock worth $286,000 after buying an additional 55 shares during the period. Biltmore Family Office LLC increased its stake in shares of Applied Materials by 5.3% in the 3rd quarter. Biltmore Family Office LLC now owns 1,093 shares of the manufacturing equipment provider’s stock valued at $221,000 after acquiring an additional 55 shares in the last quarter. waypoint wealth counsel lifted its position in shares of Applied Materials by 3.1% during the 3rd quarter. waypoint wealth counsel now owns 1,853 shares of the manufacturing equipment provider’s stock valued at $374,000 after acquiring an additional 56 shares during the period. Finally, BSW Wealth Partners boosted its stake in Applied Materials by 1.3% during the third quarter. BSW Wealth Partners now owns 4,259 shares of the manufacturing equipment provider’s stock worth $860,000 after acquiring an additional 56 shares in the last quarter. 80.56% of the stock is owned by institutional investors.

Applied Materials Stock Down 2.1 %

AMAT stock opened at $186.75 on Friday. The company has a current ratio of 2.51, a quick ratio of 1.87 and a debt-to-equity ratio of 0.29. The stock has a market cap of $151.77 billion, a P/E ratio of 21.69, a P/E/G ratio of 1.99 and a beta of 1.53. The stock’s fifty day simple moving average is $174.00 and its two-hundred day simple moving average is $189.50. Applied Materials, Inc. has a 1-year low of $158.96 and a 1-year high of $255.89.

Applied Materials (NASDAQ:AMAT) last released its earnings results on Thursday, November 14th. The manufacturing equipment provider reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.19 by $0.13. The business had revenue of $7.05 billion during the quarter, compared to the consensus estimate of $6.96 billion. Applied Materials had a return on equity of 39.26% and a net margin of 26.41%. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period last year, the business posted $2.12 earnings per share. Analysts expect that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Thursday, February 20th. Applied Materials’s payout ratio is 18.58%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on AMAT shares. TD Cowen dropped their price objective on shares of Applied Materials from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, November 15th. KeyCorp raised Applied Materials from a “sector weight” rating to an “overweight” rating and set a $225.00 price target on the stock in a research note on Friday, January 17th. The Goldman Sachs Group reduced their price objective on Applied Materials from $230.00 to $202.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Needham & Company LLC lowered their target price on Applied Materials from $240.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Finally, Stifel Nicolaus reduced their price target on shares of Applied Materials from $270.00 to $250.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $218.71.

About Applied Materials

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.