Applied Materials, Inc. (NASDAQ:AMAT) Shares Sold by Burr Financial Services LLC

Burr Financial Services LLC reduced its position in Applied Materials, Inc. (NASDAQ:AMAT) by 82.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,908 shares of the manufacturing equipment provider’s stock after selling 31,437 shares during the quarter. Applied Materials comprises about 0.8% of Burr Financial Services LLC’s holdings, making the stock its 14th largest position. Burr Financial Services LLC’s holdings in Applied Materials were worth $1,123,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. State Street Corp increased its stake in shares of Applied Materials by 1.8% during the third quarter. State Street Corp now owns 38,808,047 shares of the manufacturing equipment provider’s stock worth $7,841,178,000 after acquiring an additional 672,548 shares during the period. Geode Capital Management LLC boosted its holdings in Applied Materials by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 19,826,373 shares of the manufacturing equipment provider’s stock valued at $3,994,968,000 after purchasing an additional 371,866 shares in the last quarter. FMR LLC raised its stake in shares of Applied Materials by 5.5% during the 3rd quarter. FMR LLC now owns 16,413,112 shares of the manufacturing equipment provider’s stock worth $3,316,269,000 after buying an additional 858,122 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Applied Materials by 3.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,861,933 shares of the manufacturing equipment provider’s stock valued at $1,790,554,000 after buying an additional 318,445 shares during the period. Finally, Van ECK Associates Corp boosted 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 buying an additional 1,509,439 shares in the last quarter. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on AMAT shares. Mizuho cut their price objective on Applied Materials from $220.00 to $210.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Barclays reduced their price objective on shares of Applied Materials from $225.00 to $200.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Applied Materials from $220.00 to $200.00 and set a “hold” rating on the stock in a research report on Friday, November 15th. Bank of America reduced their price target on shares of Applied Materials from $220.00 to $210.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Finally, KeyCorp raised Applied Materials from a “sector weight” rating to an “overweight” rating and set a $225.00 price objective for the company in a research note on Friday, January 17th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $218.71.

Applied Materials Price Performance

AMAT stock opened at $195.51 on Thursday. The stock has a market capitalization of $159.08 billion, a price-to-earnings ratio of 22.71, a price-to-earnings-growth ratio of 1.97 and a beta of 1.53. The stock’s fifty day simple moving average is $173.55 and its 200-day simple moving average is $189.91. 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 posted its quarterly earnings data on Thursday, November 14th. The manufacturing equipment provider reported $2.32 EPS 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 company had revenue of $7.05 billion during the quarter, compared to the consensus estimate of $6.96 billion. During the same quarter in the prior year, the company posted $2.12 EPS. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. Equities research analysts expect that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Announces Dividend

The business 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 $0.40 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.82%. Applied Materials’s dividend payout ratio (DPR) is presently 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.