CHICAGO TRUST Co NA Has $608,000 Holdings in Applied Materials, Inc. (NASDAQ:AMAT)

CHICAGO TRUST Co NA decreased its position in Applied Materials, Inc. (NASDAQ:AMAT) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,737 shares of the manufacturing equipment provider’s stock after selling 152 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Applied Materials were worth $608,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Fairfield Financial Advisors LTD acquired a new position in Applied Materials in the 2nd quarter valued at $28,000. Clean Yield Group bought a new position in shares of Applied Materials in the 3rd quarter valued at $33,000. First PREMIER Bank boosted its holdings in shares of Applied Materials by 326.3% during the 3rd quarter. First PREMIER Bank now owns 162 shares of the manufacturing equipment provider’s stock valued at $33,000 after acquiring an additional 124 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new stake in Applied Materials during the 3rd quarter worth $37,000. Finally, DT Investment Partners LLC increased its holdings in Applied Materials by 592.9% in the 3rd quarter. DT Investment Partners LLC now owns 194 shares of the manufacturing equipment provider’s stock worth $39,000 after purchasing an additional 166 shares in the last quarter. Institutional investors own 80.56% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Wells Fargo & Company reduced their price target on Applied Materials from $210.00 to $200.00 and set an “overweight” rating on the stock in a report on Monday. TD Cowen decreased their price target 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. Stifel Nicolaus dropped their price target 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. Sanford C. Bernstein reduced their price objective on shares of Applied Materials from $220.00 to $210.00 and set an “outperform” rating on the stock in a research note on Friday, November 29th. Finally, Susquehanna lowered their target price on Applied Materials from $190.00 to $170.00 and set a “neutral” rating for the company in a research report on Monday, November 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Applied Materials currently has an average rating of “Moderate Buy” and an average target price of $218.24.

Applied Materials Stock Down 0.5 %

Applied Materials stock opened at $170.86 on Tuesday. 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 company has a market capitalization of $139.03 billion, a PE ratio of 19.84, a PEG ratio of 1.61 and a beta of 1.53. The firm’s fifty day moving average is $173.69 and its 200 day moving average is $192.18. Applied Materials, Inc. has a 12-month low of $149.84 and a 12-month high of $255.89.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings data on Thursday, November 14th. The manufacturing equipment provider reported $2.32 earnings per share (EPS) 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 company had revenue of $7.05 billion for the quarter, compared to analysts’ expectations of $6.96 billion. During the same quarter in the prior year, the firm earned $2.12 EPS. The business’s revenue was up 4.8% on a year-over-year basis. As a group, sell-side analysts predict that Applied Materials, Inc. will post 9.48 EPS for the current fiscal year.

Applied Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Thursday, February 20th. Applied Materials’s payout ratio is 18.58%.

Applied Materials 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.