Applied Materials, Inc. (NASDAQ:AMAT) Position Increased by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC lifted its position in Applied Materials, Inc. (NASDAQ:AMAT) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,125 shares of the manufacturing equipment provider’s stock after acquiring an additional 275 shares during the period. Clear Harbor Asset Management LLC’s holdings in Applied Materials were worth $2,135,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Forum Financial Management LP lifted its holdings in shares of Applied Materials by 0.6% in the third quarter. Forum Financial Management LP now owns 9,143 shares of the manufacturing equipment provider’s stock valued at $1,847,000 after purchasing an additional 53 shares in the last quarter. Sargent Investment Group LLC lifted its stake in Applied Materials by 4.0% in the 3rd quarter. Sargent Investment Group LLC now owns 1,415 shares of the manufacturing equipment provider’s stock worth $286,000 after acquiring an additional 55 shares in the last quarter. Biltmore Family Office LLC boosted its position in Applied Materials by 5.3% during the 3rd quarter. Biltmore Family Office LLC now owns 1,093 shares of the manufacturing equipment provider’s stock worth $221,000 after acquiring an additional 55 shares during the period. waypoint wealth counsel grew its stake in Applied Materials by 3.1% during the 3rd quarter. waypoint wealth counsel now owns 1,853 shares of the manufacturing equipment provider’s stock valued at $374,000 after acquiring an additional 56 shares in the last quarter. Finally, BSW Wealth Partners lifted its position in shares of Applied Materials by 1.3% in the third quarter. BSW Wealth Partners now owns 4,259 shares of the manufacturing equipment provider’s stock worth $860,000 after purchasing an additional 56 shares in the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.

Applied Materials Stock Performance

Shares of NASDAQ:AMAT opened at $192.05 on Tuesday. The business has a fifty day moving average of $173.10 and a 200-day moving average of $190.58. The firm has a market cap of $156.27 billion, a PE ratio of 22.31, a price-to-earnings-growth ratio of 1.96 and a beta of 1.53. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.87 and a current ratio of 2.51. Applied Materials, Inc. has a twelve month low of $156.78 and a twelve month high of $255.89.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings results on Thursday, November 14th. The manufacturing equipment provider reported $2.32 EPS for the quarter, beating the consensus estimate of $2.19 by $0.13. The business had revenue of $7.05 billion for the quarter, compared to analysts’ expectations of $6.96 billion. Applied Materials had a net margin of 26.41% and a return on equity of 39.26%. Applied Materials’s revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.12 earnings per share. On average, equities research analysts predict that Applied Materials, Inc. will post 9.37 EPS for the current fiscal year.

Applied Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend is Thursday, February 20th. Applied Materials’s dividend payout ratio (DPR) is presently 18.58%.

Analyst Ratings Changes

A number of brokerages recently commented on AMAT. TD Cowen lowered their price objective on shares of Applied Materials from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Susquehanna dropped their price objective on Applied Materials from $190.00 to $170.00 and set a “neutral” rating on the stock in a report on Monday, November 11th. Wells Fargo & Company reduced their target price on shares of Applied Materials from $210.00 to $200.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. The Goldman Sachs Group dropped their price target on shares of Applied Materials from $230.00 to $202.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Finally, Needham & Company LLC decreased their price objective on shares of Applied Materials from $240.00 to $225.00 and set a “buy” rating for the company in a report on Friday, November 15th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, Applied Materials has an average rating of “Moderate Buy” and a consensus price target of $218.95.

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.