Applied Materials, Inc. (NASDAQ:AMAT) Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN lowered its stake in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 24.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,890 shares of the manufacturing equipment provider's stock after selling 3,160 shares during the quarter. OLD National Bancorp IN's holdings in Applied Materials were worth $1,608,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in AMAT. Forum Financial Management LP increased its holdings in Applied Materials by 0.6% in the 3rd quarter. Forum Financial Management LP now owns 9,143 shares of the manufacturing equipment provider's stock valued at $1,847,000 after acquiring an additional 53 shares during the last quarter. Sargent Investment Group LLC increased its holdings in shares of Applied Materials by 4.0% in the third quarter. Sargent Investment Group LLC now owns 1,415 shares of the manufacturing equipment provider's stock worth $286,000 after purchasing an additional 55 shares during the last quarter. Biltmore Family Office LLC increased its holdings in shares of Applied Materials by 5.3% in the third quarter. Biltmore Family Office LLC now owns 1,093 shares of the manufacturing equipment provider's stock worth $221,000 after purchasing an additional 55 shares during the last quarter. Field & Main Bank boosted its stake in Applied Materials by 1.8% during the fourth quarter. Field & Main Bank now owns 3,170 shares of the manufacturing equipment provider's stock valued at $516,000 after buying an additional 55 shares during the last quarter. Finally, waypoint wealth counsel grew its holdings 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 buying an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 80.56% of the company's stock.

Applied Materials Stock Down 0.9 %

Shares of NASDAQ:AMAT traded down $1.55 during trading hours on Monday, hitting $178.80. The company's stock had a trading volume of 5,284,088 shares, compared to its average volume of 6,704,293. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.51 and a quick ratio of 1.87. The firm's fifty day moving average price is $174.48 and its 200 day moving average price is $186.41. Applied Materials, Inc. has a 52 week low of $158.96 and a 52 week high of $255.89. The company has a market capitalization of $145.31 billion, a price-to-earnings ratio of 20.77, a P/E/G ratio of 1.84 and a beta of 1.53.

Applied Materials (NASDAQ:AMAT - Get Free Report) last posted its earnings results on Thursday, November 14th. The manufacturing equipment provider reported $2.32 earnings per share 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 company had revenue of $7.05 billion during the quarter, compared to analyst estimates of $6.96 billion. During the same quarter in the prior year, the business earned $2.12 earnings per share. Applied Materials's revenue was up 4.8% on a year-over-year basis. As a group, research analysts expect that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Thursday, February 20th. Applied Materials's payout ratio is 18.58%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AMAT shares. Cantor Fitzgerald reiterated an "overweight" rating and set a $250.00 target price on shares of Applied Materials in a research report on Friday, November 15th. Needham & Company LLC reduced their target price on shares of Applied Materials from $240.00 to $225.00 and set a "buy" rating on the stock in a report on Friday, November 15th. Sanford C. Bernstein lowered their price target on shares of Applied Materials from $220.00 to $210.00 and set an "outperform" rating for the company in a report on Friday, November 29th. The Goldman Sachs Group reduced their price objective on 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, Susquehanna raised their price objective on Applied Materials from $155.00 to $165.00 and gave the company a "neutral" rating in a research note on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, Applied Materials has a consensus rating of "Moderate Buy" and a consensus price target of $218.71.

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.