BB&T Securities LLC trimmed its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 21.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,402 shares of the manufacturing equipment provider’s stock after selling 23,790 shares during the quarter. BB&T Securities LLC’s holdings in Applied Materials were worth $2,894,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in AMAT. Moody National Bank Trust Division acquired a new position in Applied Materials during the 4th quarter worth approximately $25,000. Mondrian Capital Management LLC acquired a new position in Applied Materials during the 4th quarter worth approximately $33,000. Essex Savings Bank acquired a new position in Applied Materials during the 4th quarter worth approximately $38,000. Benjamin F. Edwards & Company Inc. raised its stake in Applied Materials by 168.1% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,268 shares of the manufacturing equipment provider’s stock worth $42,000 after buying an additional 795 shares during the period. Finally, Sterling Investment Advisors Ltd. raised its stake in Applied Materials by 222.2% during the 4th quarter. Sterling Investment Advisors Ltd. now owns 1,450 shares of the manufacturing equipment provider’s stock worth $47,000 after buying an additional 1,000 shares during the period. 79.35% of the stock is currently owned by institutional investors.
A number of research firms recently weighed in on AMAT. Imperial Capital dropped their price target on Applied Materials from $62.00 to $47.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 20th. UBS Group dropped their price target on Applied Materials from $43.00 to $39.00 and set a “neutral” rating on the stock in a research note on Friday, November 16th. ValuEngine raised Applied Materials from a “strong sell” rating to a “sell” rating in a research note on Wednesday, November 21st. Stifel Nicolaus set a $63.00 price objective on Applied Materials and gave the stock a “buy” rating in a research note on Wednesday, November 14th. Finally, Zacks Investment Research reissued a “hold” rating on shares of Applied Materials in a research note on Monday, November 12th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the company’s stock. Applied Materials currently has an average rating of “Buy” and an average target price of $50.96.
Shares of Applied Materials stock opened at $40.85 on Thursday. The company has a market capitalization of $37.91 billion, a PE ratio of 9.18, a P/E/G ratio of 1.37 and a beta of 1.69. Applied Materials, Inc. has a 52 week low of $28.79 and a 52 week high of $62.40. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.64 and a quick ratio of 1.73.
Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings data on Thursday, November 15th. The manufacturing equipment provider reported $0.97 EPS for the quarter, hitting the consensus estimate of $0.97. The firm had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4 billion. Applied Materials had a return on equity of 62.56% and a net margin of 19.20%. On average, equities research analysts predict that Applied Materials, Inc. will post 3.37 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 14th. Stockholders of record on Thursday, February 21st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Wednesday, February 20th. Applied Materials’s dividend payout ratio is presently 17.98%.
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Applied Materials Profile
Applied Materials, Inc provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It 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.
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