Green Alpha Advisors LLC Has $1.82 Million Stock Position in Applied Materials, Inc. (NASDAQ:AMAT)

Green Alpha Advisors LLC lessened its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 3.5% during the fourth quarter, HoldingsChannel reports. The fund owned 11,203 shares of the manufacturing equipment provider’s stock after selling 403 shares during the quarter. Applied Materials accounts for about 1.5% of Green Alpha Advisors LLC’s investment portfolio, making the stock its 17th biggest holding. Green Alpha Advisors LLC’s holdings in Applied Materials were worth $1,822,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the business. Fairfield Financial Advisors LTD purchased a new stake in shares of Applied Materials in the second quarter worth approximately $28,000. Clean Yield Group bought a new stake in Applied Materials during the third quarter worth $33,000. First PREMIER Bank raised its position in Applied Materials by 326.3% in the 3rd quarter. First PREMIER Bank now owns 162 shares of the manufacturing equipment provider’s stock valued at $33,000 after buying an additional 124 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new position in Applied Materials during the 3rd quarter valued at $37,000. Finally, DT Investment Partners LLC boosted its holdings in Applied Materials by 592.9% during the 3rd quarter. DT Investment Partners LLC now owns 194 shares of the manufacturing equipment provider’s stock worth $39,000 after acquiring an additional 166 shares during the last quarter. Institutional investors own 80.56% of the company’s stock.

Analyst Ratings Changes

AMAT has been the subject of several analyst reports. Dbs Bank downgraded shares of Applied Materials from a “strong-buy” rating to a “hold” rating in a report on Monday, September 16th. Bank of America decreased their price objective on shares of Applied Materials from $220.00 to $210.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Sanford C. Bernstein cut their target price on Applied Materials from $220.00 to $210.00 and set an “outperform” rating on the stock in a research note on Friday, November 29th. TD Cowen decreased their price target on 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, Cantor Fitzgerald reissued an “overweight” rating and issued a $250.00 price objective on shares of Applied Materials in a research report on Friday, November 15th. 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $218.71.

Applied Materials Trading Down 3.0 %

Shares of AMAT opened at $171.65 on Monday. Applied Materials, Inc. has a twelve month low of $148.48 and a twelve month high of $255.89. The stock has a market cap of $139.67 billion, a PE ratio of 19.94, a P/E/G ratio of 1.61 and a beta of 1.53. The company has a quick ratio of 1.87, a current ratio of 2.51 and a debt-to-equity ratio of 0.29. The business’s 50-day moving average price is $173.91 and its 200-day moving average price is $192.62.

Applied Materials (NASDAQ:AMAT) last posted 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 net margin of 26.41% and a return on equity of 39.26%. The business had revenue of $7.05 billion for the quarter, compared to analyst estimates of $6.96 billion. During the same quarter in the prior year, the firm posted $2.12 EPS. Applied Materials’s revenue was up 4.8% on a year-over-year basis. On average, equities analysts forecast that Applied Materials, Inc. will post 9.48 EPS for the current fiscal year.

Applied Materials Dividend Announcement

The firm 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 dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.93%. The ex-dividend date is Thursday, February 20th. Applied Materials’s payout ratio is 18.58%.

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.