AlphaMark Advisors LLC Has $67,000 Holdings in Applied Materials, Inc. (NASDAQ:AMAT)

AlphaMark Advisors LLC lifted its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 50.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 415 shares of the manufacturing equipment provider’s stock after buying an additional 140 shares during the quarter. AlphaMark Advisors LLC’s holdings in Applied Materials were worth $67,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Van ECK Associates Corp grew its position in 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 worth $1,327,707,000 after acquiring an additional 1,509,439 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of Applied Materials by 8.6% in the fourth 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 increased its stake in Applied Materials by 47.0% in the third quarter. WoodTrust Financial Corp now owns 67,915 shares of the manufacturing equipment provider’s stock valued at $13,722,000 after purchasing an additional 21,699 shares in the last quarter. Victory Capital Management Inc. raised its stake in Applied Materials by 1.4% during the 3rd quarter. Victory Capital Management Inc. now owns 1,139,114 shares of the manufacturing equipment provider’s stock worth $230,158,000 after buying an additional 15,183 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Applied Materials by 62.6% in the 3rd 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 in the last quarter. Institutional investors own 80.56% of the company’s stock.

Applied Materials Stock Down 2.1 %

Shares of NASDAQ AMAT opened at $186.75 on Monday. The business has a 50-day simple moving average of $174.00 and a two-hundred day simple moving average of $189.07. The company has a market cap of $151.95 billion, a P/E ratio of 21.69, a P/E/G ratio of 1.99 and a beta of 1.53. Applied Materials, Inc. has a 52 week low of $158.96 and a 52 week high of $255.89. The company has a quick ratio of 1.87, a current ratio of 2.51 and a debt-to-equity ratio of 0.29.

Applied Materials (NASDAQ:AMAT) last announced its earnings results on Thursday, November 14th. The manufacturing equipment provider reported $2.32 earnings per share for the quarter, topping 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 business had revenue of $7.05 billion for the quarter, compared to analyst estimates of $6.96 billion. During the same period in the prior year, the company earned $2.12 EPS. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. Research analysts anticipate that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be given 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 0.86%. Applied Materials’s dividend payout ratio (DPR) is presently 18.58%.

Analysts Set New Price Targets

Several brokerages recently issued reports on AMAT. KeyCorp upgraded Applied Materials from a “sector weight” rating to an “overweight” rating and set a $225.00 price target for the company in a report on Friday, January 17th. Mizuho lowered their target price on shares of Applied Materials from $220.00 to $210.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Sanford C. Bernstein cut their price target on shares of Applied Materials from $220.00 to $210.00 and set an “outperform” rating on the stock in a report on Friday, November 29th. Stifel Nicolaus decreased their price objective on shares of Applied Materials from $270.00 to $250.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Finally, Wells Fargo & Company cut their target price on Applied Materials from $210.00 to $200.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.