L.M. Kohn & Company Has $791,000 Stake in Applied Materials, Inc. (NASDAQ:AMAT)

L.M. Kohn & Company decreased its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 4.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,862 shares of the manufacturing equipment provider’s stock after selling 251 shares during the period. L.M. Kohn & Company’s holdings in Applied Materials were worth $791,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Forum Financial Management LP lifted its holdings in shares of Applied Materials by 0.6% during the third 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 period. Sargent Investment Group LLC raised its stake in shares of Applied Materials by 4.0% during the third quarter. Sargent Investment Group LLC now owns 1,415 shares of the manufacturing equipment provider’s stock worth $286,000 after buying an additional 55 shares during the last quarter. Biltmore Family Office LLC boosted its position 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. Field & Main Bank raised its position in shares of Applied Materials by 1.8% in the 4th quarter. Field & Main Bank now owns 3,170 shares of the manufacturing equipment provider’s stock valued at $516,000 after acquiring an additional 55 shares during the period. Finally, BSW Wealth Partners grew its holdings in shares of Applied Materials by 1.3% in the 3rd quarter. BSW Wealth Partners now owns 4,259 shares of the manufacturing equipment provider’s stock valued at $860,000 after buying an additional 56 shares during the period. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on AMAT shares. Cantor Fitzgerald restated an “overweight” rating and set a $250.00 target price on shares of Applied Materials in a report on Friday, November 15th. Barclays decreased their target price on Applied Materials from $200.00 to $190.00 and set an “equal weight” rating on the stock in a research report on Friday. The Goldman Sachs Group decreased their target price on shares of Applied Materials from $230.00 to $202.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Morgan Stanley restated an “underweight” rating and issued a $164.00 target price (down from $179.00) on shares of Applied Materials in a research report on Thursday, December 5th. Finally, TD Cowen decreased their target price on Applied Materials from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. One equities 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 has a consensus rating of “Moderate Buy” and an average target price of $216.10.

Applied Materials Price Performance

AMAT stock opened at $169.20 on Friday. The company has a fifty day simple moving average of $175.36 and a two-hundred day simple moving average of $184.59. The company has a quick ratio of 1.87, a current ratio of 2.51 and a debt-to-equity ratio of 0.29. Applied Materials, Inc. has a 52 week low of $158.96 and a 52 week high of $255.89. The firm has a market capitalization of $137.51 billion, a P/E ratio of 19.65, a price-to-earnings-growth ratio of 1.86 and a beta of 1.53.

Applied Materials (NASDAQ:AMAT) last released its earnings results on Thursday, February 13th. The manufacturing equipment provider reported $2.38 EPS for the quarter, beating analysts’ consensus estimates of $2.28 by $0.10. Applied Materials had a return on equity of 39.26% and a net margin of 26.41%. Analysts anticipate that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Thursday, February 20th. Applied Materials’s dividend payout ratio (DPR) is currently 18.58%.

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.