Autumn Glory Partners LLC Has $511,000 Stake in Applied Materials, Inc. (NASDAQ:AMAT)

Autumn Glory Partners LLC lowered its position in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 36.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,145 shares of the manufacturing equipment provider's stock after selling 1,835 shares during the quarter. Autumn Glory Partners LLC's holdings in Applied Materials were worth $511,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in AMAT. Crews Bank & Trust purchased a new stake in shares of Applied Materials during the fourth quarter valued at $28,000. YANKCOM Partnership acquired a new stake in Applied Materials during the 4th quarter worth about $32,000. MidAtlantic Capital Management Inc. purchased a new stake in Applied Materials during the third quarter valued at about $37,000. DT Investment Partners LLC boosted its holdings 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 worth $39,000 after buying an additional 166 shares during the period. Finally, City Holding Co. purchased a new position in shares of Applied Materials in the fourth quarter worth approximately $39,000. Institutional investors own 80.56% of the company's stock.

Analyst Upgrades and Downgrades

AMAT has been the subject of several research analyst reports. Needham & Company LLC reduced their price target on shares of Applied Materials from $200.00 to $195.00 and set a "buy" rating for the company in a research report on Friday, February 14th. Bank of America decreased their target price on Applied Materials from $220.00 to $210.00 and set a "buy" rating for the company in a research report on Friday, November 15th. Deutsche Bank Aktiengesellschaft dropped their price target on Applied Materials from $220.00 to $200.00 and set a "hold" rating on the stock in a research report on Friday, November 15th. Stifel Nicolaus decreased their price objective on Applied Materials from $250.00 to $235.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. Finally, Susquehanna upped their target price on Applied Materials from $155.00 to $165.00 and gave the company a "neutral" rating in a report on Wednesday, January 22nd. One investment 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. According to MarketBeat.com, Applied Materials presently has an average rating of "Moderate Buy" and an average target price of $215.38.

Applied Materials Stock Performance

NASDAQ:AMAT traded up $2.06 during midday trading on Wednesday, reaching $174.06. The stock had a trading volume of 5,792,836 shares, compared to its average volume of 6,703,145. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.67 and a quick ratio of 1.96. Applied Materials, Inc. has a 1-year low of $158.96 and a 1-year high of $255.89. The firm's fifty day simple moving average is $175.39 and its 200-day simple moving average is $184.05. The stock has a market capitalization of $141.46 billion, a P/E ratio of 22.75, a PEG ratio of 1.72 and a beta of 1.53.

Applied Materials (NASDAQ:AMAT - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The manufacturing equipment provider reported $2.38 EPS for the quarter, topping analysts' consensus estimates of $2.28 by $0.10. Applied Materials had a return on equity of 39.50% and a net margin of 22.95%. On average, equities research analysts forecast that Applied Materials, Inc. will post 9.39 EPS for the current fiscal year.

Applied Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, February 20th. This represents a $1.60 annualized dividend and a dividend yield of 0.92%. Applied Materials's payout ratio is 20.92%.

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.