Everpar Advisors LLC Has $406,000 Position in Applied Materials, Inc. (NASDAQ:AMAT)

Everpar Advisors LLC trimmed its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 3.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,496 shares of the manufacturing equipment provider’s stock after selling 96 shares during the period. Everpar Advisors LLC’s holdings in Applied Materials were worth $406,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of AMAT. EdgePoint Investment Group Inc. increased its position in shares of Applied Materials by 341.0% during the 3rd quarter. EdgePoint Investment Group Inc. now owns 2,857,155 shares of the manufacturing equipment provider’s stock worth $577,288,000 after purchasing an additional 2,209,218 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Applied Materials by 67.8% in the third quarter. Janus Henderson Group PLC now owns 4,663,133 shares of the manufacturing equipment provider’s stock valued at $942,187,000 after buying an additional 1,884,153 shares in the last quarter. Van ECK Associates Corp increased its holdings in Applied Materials by 29.8% during the third quarter. Van ECK Associates Corp now owns 6,571,178 shares of the manufacturing equipment provider’s stock worth $1,327,707,000 after buying an additional 1,509,439 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Applied Materials by 262.5% during the third quarter. Assenagon Asset Management S.A. now owns 1,390,501 shares of the manufacturing equipment provider’s stock worth $280,951,000 after acquiring an additional 1,006,937 shares in the last quarter. Finally, Alkeon Capital Management LLC lifted its stake in Applied Materials by 87.7% in the third quarter. Alkeon Capital Management LLC now owns 1,877,133 shares of the manufacturing equipment provider’s stock valued at $379,275,000 after acquiring an additional 877,133 shares during the last quarter. Institutional investors own 80.56% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. KeyCorp upgraded shares of Applied Materials from a “sector weight” rating to an “overweight” rating and set a $225.00 price objective on the stock in a research note on Friday. Stifel Nicolaus dropped their price objective on Applied Materials from $270.00 to $250.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. The Goldman Sachs Group cut their price objective on Applied Materials from $230.00 to $202.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Barclays decreased their target price on Applied Materials from $225.00 to $200.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, Sanford C. Bernstein reduced their price objective on shares of Applied Materials from $220.00 to $210.00 and set an “outperform” rating for the company in a research report on Friday, November 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, Applied Materials presently has a consensus rating of “Moderate Buy” and a consensus price target of $217.41.

Applied Materials Trading Up 4.5 %

AMAT opened at $186.48 on Friday. The company has a market cap of $151.74 billion, a P/E ratio of 21.66, a PEG ratio of 1.75 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 company’s 50 day moving average is $173.25 and its 200-day moving average is $191.65. Applied Materials, Inc. has a 1-year low of $150.20 and a 1-year high of $255.89.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings results 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. The company had revenue of $7.05 billion during the quarter, compared to analysts’ expectations of $6.96 billion. Applied Materials had a return on equity of 39.26% and a net margin of 26.41%. Applied Materials’s revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.12 EPS. Equities research analysts predict that Applied Materials, Inc. will post 9.37 earnings per share 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. 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 is presently 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.