Green Alpha Advisors LLC Sells 365 Shares of Applied Materials, Inc. (NASDAQ:AMAT)

Green Alpha Advisors LLC trimmed its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 3.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,606 shares of the manufacturing equipment provider’s stock after selling 365 shares during the quarter. Applied Materials accounts for about 1.8% of Green Alpha Advisors LLC’s holdings, making the stock its 11th largest position. Green Alpha Advisors LLC’s holdings in Applied Materials were worth $2,345,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First National Bank of Mount Dora Trust Investment Services bought a new position in Applied Materials in the 1st quarter worth about $1,764,000. GAMMA Investing LLC increased its position in shares of Applied Materials by 89.3% during the 2nd quarter. GAMMA Investing LLC now owns 8,988 shares of the manufacturing equipment provider’s stock valued at $2,121,000 after purchasing an additional 4,239 shares during the last quarter. Sivia Capital Partners LLC increased its position in shares of Applied Materials by 5.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,338 shares of the manufacturing equipment provider’s stock valued at $552,000 after purchasing an additional 126 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Applied Materials by 5.4% during the 1st quarter. International Assets Investment Management LLC now owns 3,350 shares of the manufacturing equipment provider’s stock valued at $699,000 after purchasing an additional 172 shares during the last quarter. Finally, Calton & Associates Inc. purchased a new stake in Applied Materials during the 1st quarter valued at about $243,000. 80.56% of the stock is currently owned by institutional investors.

Applied Materials Stock Performance

NASDAQ AMAT traded down $1.84 on Monday, hitting $200.13. 3,708,152 shares of the company traded hands, compared to its average volume of 6,061,492. The company has a market capitalization of $165.70 billion, a price-to-earnings ratio of 23.00, a P/E/G ratio of 2.30 and a beta of 1.54. The company has a current ratio of 2.86, a quick ratio of 2.09 and a debt-to-equity ratio of 0.33. The business’s 50 day moving average price is $194.49 and its 200-day moving average price is $209.98. Applied Materials, Inc. has a 52-week low of $129.21 and a 52-week high of $255.89.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data on Thursday, August 15th. The manufacturing equipment provider reported $2.12 EPS for the quarter, beating the consensus estimate of $2.02 by $0.10. Applied Materials had a return on equity of 39.99% and a net margin of 27.74%. The business had revenue of $6.78 billion for the quarter, compared to the consensus estimate of $6.68 billion. During the same period in the previous year, the business earned $1.90 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. Equities analysts expect that Applied Materials, Inc. will post 8.49 earnings per share for the current year.

Applied Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a $0.40 dividend. The ex-dividend date is Thursday, November 21st. This represents a $1.60 annualized dividend and a dividend yield of 0.80%. Applied Materials’s payout ratio is 18.39%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft dropped their target price on Applied Materials from $260.00 to $230.00 and set a “hold” rating for the company in a report on Friday, August 16th. Dbs Bank cut Applied Materials from a “strong-buy” rating to a “hold” rating in a report on Monday, September 16th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $250.00 price objective on shares of Applied Materials in a report on Friday, August 16th. Stifel Nicolaus dropped their price objective on Applied Materials from $275.00 to $270.00 and set a “buy” rating for the company in a report on Friday, August 16th. Finally, Morgan Stanley dropped their price objective on Applied Materials from $224.00 to $185.00 and set an “equal weight” rating for the company in a report on Tuesday, September 17th. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $228.90.

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.