DGS Capital Management LLC Has $1.21 Million Stock Holdings in Applied Materials, Inc. (NASDAQ:AMAT)

DGS Capital Management LLC trimmed its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,462 shares of the manufacturing equipment provider’s stock after selling 209 shares during the quarter. DGS Capital Management LLC’s holdings in Applied Materials were worth $1,214,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Forum Financial Management LP boosted its stake 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 buying an additional 53 shares in the last quarter. Sargent Investment Group LLC boosted its stake in shares of Applied Materials by 4.0% in the 3rd quarter. Sargent Investment Group LLC now owns 1,415 shares of the manufacturing equipment provider’s stock valued at $286,000 after purchasing an additional 55 shares in the last quarter. Biltmore Family Office LLC grew its holdings in shares of Applied Materials by 5.3% in the 3rd 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. waypoint wealth counsel increased its position in shares of Applied Materials by 3.1% during the 3rd quarter. waypoint wealth counsel now owns 1,853 shares of the manufacturing equipment provider’s stock worth $374,000 after purchasing an additional 56 shares in the last quarter. Finally, BSW Wealth Partners lifted its holdings in Applied Materials by 1.3% during the 3rd quarter. BSW Wealth Partners now owns 4,259 shares of the manufacturing equipment provider’s stock valued at $860,000 after purchasing an additional 56 shares during the last quarter. 80.56% of the stock is currently owned by institutional investors.

Applied Materials Stock Performance

Shares of AMAT stock opened at $186.75 on Friday. Applied Materials, Inc. has a one year low of $158.96 and a one year high of $255.89. The stock has a market cap of $151.95 billion, a P/E ratio of 21.69, a P/E/G ratio of 1.99 and a beta of 1.53. The company has a fifty day moving average price of $173.64 and a two-hundred day moving average price of $189.92. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.51 and a quick ratio of 1.87.

Applied Materials (NASDAQ:AMAT) last released 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. The firm had revenue of $7.05 billion during the quarter, compared to analysts’ expectations of $6.96 billion. Applied Materials had a net margin of 26.41% and a return on equity of 39.26%. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.12 earnings per share. As a group, equities analysts predict that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Thursday, February 20th. This represents a $1.60 annualized dividend and a yield of 0.86%. Applied Materials’s dividend payout ratio (DPR) is presently 18.58%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on AMAT shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $250.00 price objective on shares of Applied Materials in a research note on Friday, November 15th. Stifel Nicolaus dropped their price target on Applied Materials from $270.00 to $250.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. KeyCorp raised Applied Materials from a “sector weight” rating to an “overweight” rating and set a $225.00 price objective on the stock in a research note on Friday, January 17th. Susquehanna boosted their target price on shares of Applied Materials from $155.00 to $165.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Wells Fargo & Company decreased their price target on shares of Applied Materials from $210.00 to $200.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. One research 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.