Capital Performance Advisors LLP Has $241,000 Stock Holdings in Applied Materials, Inc. (NASDAQ:AMAT)

Capital Performance Advisors LLP boosted its position in Applied Materials, Inc. (NASDAQ:AMAT) by 5.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,480 shares of the manufacturing equipment provider’s stock after buying an additional 74 shares during the quarter. Capital Performance Advisors LLP’s holdings in Applied Materials were worth $241,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Crews Bank & Trust acquired a new stake in Applied Materials in the 4th quarter valued at approximately $28,000. YANKCOM Partnership acquired a new stake in Applied Materials in the 4th quarter valued at approximately $32,000. MidAtlantic Capital Management Inc. acquired a new stake in Applied Materials in the 3rd quarter valued at approximately $37,000. DT Investment Partners LLC raised its position in Applied Materials by 592.9% in the 3rd quarter. DT Investment Partners LLC now owns 194 shares of the manufacturing equipment provider’s stock valued at $39,000 after buying an additional 166 shares during the last quarter. Finally, City Holding Co. acquired a new stake in Applied Materials in the 4th quarter valued at approximately $39,000. Institutional investors and hedge funds own 80.56% of the company’s stock.

Analysts Set New Price Targets

AMAT has been the topic of several recent analyst reports. Sanford C. Bernstein lowered their price target on Applied Materials from $220.00 to $210.00 and set an “outperform” rating on the stock in a research report on Friday, November 29th. Stifel Nicolaus lowered their price target on Applied Materials from $250.00 to $235.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Evercore ISI lowered their price target on Applied Materials from $260.00 to $250.00 and set an “outperform” rating on the stock in a research report on Friday, November 15th. Mizuho lowered their price target on Applied Materials from $220.00 to $210.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $164.00 price target (down previously from $179.00) on shares of Applied Materials in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $216.10.

Applied Materials Price Performance

Shares of NASDAQ AMAT opened at $169.20 on Monday. The stock has a market capitalization of $137.51 billion, a PE ratio of 19.65, a P/E/G ratio of 1.86 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. The business has a fifty day moving average price of $175.36 and a two-hundred day moving average price of $184.50. Applied Materials, Inc. has a fifty-two week low of $158.96 and a fifty-two week high of $255.89.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data on Thursday, February 13th. The manufacturing equipment provider reported $2.38 earnings per share for the quarter, beating the consensus estimate of $2.28 by $0.10. Applied Materials had a return on equity of 39.26% and a net margin of 26.41%. As a group, equities analysts predict that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $1.60 annualized dividend and a yield of 0.95%. Applied Materials’s dividend payout ratio is presently 18.58%.

Applied Materials 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.