Sigma Planning Corp Has $1.07 Million Position in Applied Materials, Inc. (NASDAQ:AMAT)

Sigma Planning Corp lowered its position in shares of Applied Materials, Inc. (NASDAQ:AMATGet Rating) by 24.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,719 shares of the manufacturing equipment provider’s stock after selling 3,824 shares during the quarter. Sigma Planning Corp’s holdings in Applied Materials were worth $1,066,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in AMAT. Oliver Lagore Vanvalin Investment Group acquired a new stake in Applied Materials during the 1st quarter worth approximately $25,000. Center for Financial Planning Inc. bought a new stake in shares of Applied Materials in the first quarter valued at about $25,000. JFS Wealth Advisors LLC grew its stake in shares of Applied Materials by 113.1% in the second quarter. JFS Wealth Advisors LLC now owns 341 shares of the manufacturing equipment provider’s stock valued at $31,000 after acquiring an additional 181 shares in the last quarter. OLD Second National Bank of Aurora increased its position in Applied Materials by 228.7% during the first quarter. OLD Second National Bank of Aurora now owns 355 shares of the manufacturing equipment provider’s stock worth $47,000 after acquiring an additional 247 shares during the period. Finally, Crewe Advisors LLC acquired a new stake in Applied Materials in the 2nd quarter worth about $34,000. 74.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AMAT has been the topic of several recent research reports. Stifel Nicolaus lowered their target price on shares of Applied Materials from $197.00 to $184.00 in a report on Friday, August 19th. Cowen upped their target price on Applied Materials from $100.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday. TheStreet cut Applied Materials from a “b-” rating to a “c+” rating in a research report on Tuesday, October 11th. Bank of America cut their price target on shares of Applied Materials from $125.00 to $102.00 and set a “buy” rating for the company in a report on Friday, October 7th. Finally, The Goldman Sachs Group reduced their price target on shares of Applied Materials from $109.00 to $93.00 and set a “buy” rating on the stock in a research note on Thursday, October 13th. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $121.00.

Applied Materials Price Performance

Shares of NASDAQ:AMAT opened at $104.70 on Monday. The company has a current ratio of 2.26, a quick ratio of 1.45 and a debt-to-equity ratio of 0.45. The stock has a market cap of $90.07 billion, a PE ratio of 14.07, a price-to-earnings-growth ratio of 3.16 and a beta of 1.49. The stock’s fifty day simple moving average is $88.65 and its two-hundred day simple moving average is $97.33. Applied Materials, Inc. has a 1-year low of $71.12 and a 1-year high of $167.06.

Applied Materials (NASDAQ:AMATGet Rating) last posted its quarterly earnings data on Thursday, November 17th. The manufacturing equipment provider reported $2.03 EPS for the quarter, beating the consensus estimate of $1.73 by $0.30. Applied Materials had a net margin of 25.31% and a return on equity of 57.03%. The firm had revenue of $6.75 billion during the quarter, compared to analyst estimates of $6.44 billion. During the same quarter last year, the business posted $1.94 EPS. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, analysts forecast that Applied Materials, Inc. will post 6.66 EPS for the current fiscal year.

Applied Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Friday, November 25th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.99%. The ex-dividend date is Wednesday, November 23rd. Applied Materials’s dividend payout ratio (DPR) is 13.98%.

Applied Materials Profile

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Applied Materials, Inc engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. It 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.

See Also

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Institutional Ownership by Quarter for Applied Materials (NASDAQ:AMAT)

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