Veracity Capital LLC Has $208,000 Stock Position in Applied Materials, Inc. (NASDAQ:AMAT)

Veracity Capital LLC lessened its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 12.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,280 shares of the manufacturing equipment provider’s stock after selling 186 shares during the quarter. Veracity Capital LLC’s holdings in Applied Materials were worth $208,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Clean Yield Group bought a new position in shares of Applied Materials during the 3rd quarter worth approximately $33,000. First PREMIER Bank boosted its position in Applied Materials by 326.3% during the third quarter. First PREMIER Bank now owns 162 shares of the manufacturing equipment provider’s stock worth $33,000 after purchasing an additional 124 shares during the period. MidAtlantic Capital Management Inc. acquired a new position in shares of Applied Materials in the third quarter valued at $37,000. DT Investment Partners LLC raised its position in shares of Applied Materials by 592.9% in the third quarter. DT Investment Partners LLC now owns 194 shares of the manufacturing equipment provider’s stock valued at $39,000 after purchasing an additional 166 shares during the period. Finally, City Holding Co. acquired a new stake in shares of Applied Materials during the 4th quarter worth about $39,000. 80.56% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AMAT has been the topic of a number of research reports. The Goldman Sachs Group decreased 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. 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 research report on Friday, January 17th. Mizuho dropped their price target on Applied Materials from $220.00 to $210.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Sanford C. Bernstein decreased their price objective on Applied Materials from $220.00 to $210.00 and set an “outperform” rating on the stock in a report on Friday, November 29th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $250.00 target price on shares of Applied Materials in a report on Friday, November 15th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, Applied Materials currently has an average rating of “Moderate Buy” and an average target price of $218.71.

Applied Materials Stock Down 2.1 %

Shares of AMAT opened at $186.75 on Friday. The firm has a 50 day simple moving average of $173.64 and a two-hundred day simple moving average of $189.92. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.51 and a quick ratio of 1.87. Applied Materials, Inc. has a one year low of $158.96 and a one year high of $255.89. The company has a market cap of $151.95 billion, a P/E ratio of 21.69, a P/E/G ratio of 1.99 and a beta of 1.53.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings results on Thursday, November 14th. The manufacturing equipment provider reported $2.32 EPS for the quarter, topping 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.12 EPS. Research analysts forecast that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Dividend Announcement

The business also recently declared 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. 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 0.86%. Applied Materials’s payout ratio is currently 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.