Daymark Wealth Partners LLC Has $3.46 Million Position in Applied Materials, Inc. (NASDAQ:AMAT)

Daymark Wealth Partners LLC reduced its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 13.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,241 shares of the manufacturing equipment provider’s stock after selling 3,169 shares during the period. Daymark Wealth Partners LLC’s holdings in Applied Materials were worth $3,455,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in AMAT. Van ECK Associates Corp raised its stake in shares of Applied Materials by 29.8% in the third 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 purchasing an additional 1,509,439 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Applied Materials by 8.6% during the 4th quarter. Nordea Investment Management AB now owns 2,077,107 shares of the manufacturing equipment provider’s stock worth $340,895,000 after acquiring an additional 164,085 shares during the period. WoodTrust Financial Corp boosted its position in shares of Applied Materials by 47.0% during the 3rd quarter. WoodTrust Financial Corp now owns 67,915 shares of the manufacturing equipment provider’s stock valued at $13,722,000 after acquiring an additional 21,699 shares in the last quarter. Victory Capital Management Inc. raised its position in Applied Materials by 1.4% in the third quarter. Victory Capital Management Inc. now owns 1,139,114 shares of the manufacturing equipment provider’s stock worth $230,158,000 after purchasing an additional 15,183 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Applied Materials by 62.6% during the third quarter. The Manufacturers Life Insurance Company now owns 1,698,282 shares of the manufacturing equipment provider’s stock worth $343,138,000 after purchasing an additional 653,739 shares during the period. 80.56% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Susquehanna decreased their price target on Applied Materials from $190.00 to $170.00 and set a “neutral” rating on the stock in a research note on Monday, November 11th. Morgan Stanley reiterated 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. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Applied Materials from $220.00 to $200.00 and set a “hold” rating on the stock in a research note on Friday, November 15th. TD Cowen dropped their target price on shares of Applied Materials from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Finally, Wells Fargo & Company dropped their price objective on Applied Materials from $210.00 to $200.00 and set an “overweight” rating for the company in a report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Applied Materials presently has an average rating of “Moderate Buy” and a consensus price target of $218.95.

Applied Materials Stock Up 0.4 %

AMAT stock opened at $192.87 on Wednesday. The stock has a market capitalization of $156.94 billion, a P/E ratio of 22.40, a price-to-earnings-growth ratio of 1.96 and a beta of 1.53. 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 firm has a 50-day moving average price of $173.29 and a 200-day moving average price of $189.87. Applied Materials, Inc. has a 12 month low of $158.96 and a 12 month high of $255.89.

Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, November 14th. The manufacturing equipment provider reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.19 by $0.13. Applied Materials had a net margin of 26.41% and a return on equity of 39.26%. The firm had revenue of $7.05 billion for the quarter, compared to analyst estimates of $6.96 billion. During the same quarter last year, the business posted $2.12 earnings per share. The company’s quarterly revenue was up 4.8% on a year-over-year basis. As a group, equities research analysts anticipate that Applied Materials, Inc. will post 9.37 EPS for the current fiscal year.

Applied Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Thursday, February 20th. Applied Materials’s payout ratio is 18.58%.

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.