Jmac Enterprises LLC Has $217,000 Stock Position in Applied Materials, Inc. (NASDAQ:AMAT)

Jmac Enterprises LLC lessened its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 31.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,333 shares of the manufacturing equipment provider’s stock after selling 608 shares during the period. Jmac Enterprises LLC’s holdings in Applied Materials were worth $217,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. State Street Corp boosted its position in 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 purchasing an additional 672,548 shares during the period. Geode Capital Management LLC increased its position 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 worth $3,994,968,000 after buying an additional 371,866 shares during the period. FMR LLC grew its stake in shares of Applied Materials by 5.5% in the third quarter. FMR LLC now owns 16,413,112 shares of the manufacturing equipment provider’s stock worth $3,316,269,000 after acquiring an additional 858,122 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in 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 purchasing an additional 318,445 shares during the period. Finally, Van ECK Associates Corp grew its position in Applied Materials by 29.8% in the 3rd quarter. Van ECK Associates Corp now owns 6,571,178 shares of the manufacturing equipment provider’s stock worth $1,327,707,000 after purchasing an additional 1,509,439 shares during the last quarter. 80.56% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AMAT has been the subject of a number of research reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $250.00 price objective on shares of Applied Materials in a research report on Friday, November 15th. KeyCorp upgraded shares of 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. Bank of America decreased their target price on shares of Applied Materials from $220.00 to $210.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Morgan Stanley reissued an “underweight” rating and issued a $164.00 price target (down previously from $179.00) on shares of Applied Materials in a research report on Thursday, December 5th. Finally, Stifel Nicolaus decreased their price objective on Applied Materials from $250.00 to $235.00 and set a “buy” rating on the stock in a report on Tuesday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Applied Materials presently has an average rating of “Moderate Buy” and an average target price of $218.00.

Applied Materials Price Performance

Shares of AMAT stock opened at $183.20 on Wednesday. Applied Materials, Inc. has a 1 year low of $158.96 and a 1 year high of $255.89. 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 firm’s 50 day moving average is $175.20 and its 200-day moving average is $185.04. The firm has a market capitalization of $148.89 billion, a price-to-earnings ratio of 21.28, a PEG ratio of 1.86 and a beta of 1.53.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data 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. Applied Materials had a return on equity of 39.26% and a net margin of 26.41%. The firm had revenue of $7.05 billion during the quarter, compared to analyst estimates of $6.96 billion. During the same period last year, the company earned $2.12 earnings per share. The company’s revenue was up 4.8% on a year-over-year basis. Sell-side analysts forecast that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be issued a $0.40 dividend. The ex-dividend date is Thursday, February 20th. This represents a $1.60 dividend on an annualized basis and a yield of 0.87%. Applied Materials’s dividend payout ratio is presently 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.