Indiana Trust & Investment Management Co Has $331,000 Stock Position in Applied Materials, Inc. (NASDAQ:AMAT)

Indiana Trust & Investment Management Co lessened its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 70.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,035 shares of the manufacturing equipment provider’s stock after selling 4,757 shares during the period. Indiana Trust & Investment Management Co’s holdings in Applied Materials were worth $331,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. State Street Corp grew its position in shares of Applied Materials by 1.8% during the 3rd quarter. State Street Corp now owns 38,808,047 shares of the manufacturing equipment provider’s stock worth $7,841,178,000 after buying an additional 672,548 shares during the period. Geode Capital Management LLC lifted its holdings in Applied Materials by 1.9% during the third quarter. Geode Capital Management LLC now owns 19,826,373 shares of the manufacturing equipment provider’s stock worth $3,994,968,000 after acquiring an additional 371,866 shares in the last quarter. FMR LLC raised its holdings in Applied Materials by 5.5% during the 3rd quarter. FMR LLC now owns 16,413,112 shares of the manufacturing equipment provider’s stock worth $3,316,269,000 after buying an additional 858,122 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Applied Materials by 3.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,861,933 shares of the manufacturing equipment provider’s stock valued at $1,790,554,000 after acquiring an additional 318,445 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of Applied Materials by 29.8% during the third quarter. Van ECK Associates Corp now owns 6,571,178 shares of the manufacturing equipment provider’s stock worth $1,327,707,000 after buying an additional 1,509,439 shares in the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.

Wall Street Analyst Weigh In

AMAT has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft dropped their price objective on Applied Materials from $220.00 to $200.00 and set a “hold” rating on the stock in a research note on Friday, November 15th. TD Cowen decreased their price objective on Applied Materials from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Barclays reduced their price target on Applied Materials from $225.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Bank of America decreased their target price on shares of Applied Materials from $220.00 to $210.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Finally, KeyCorp upgraded Applied Materials from a “sector weight” rating to an “overweight” rating and set a $225.00 price objective for the company in a research report on Friday, January 17th. One analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, Applied Materials currently has an average rating of “Moderate Buy” and an average target price of $218.00.

Applied Materials Trading Down 0.3 %

Shares of Applied Materials stock opened at $183.20 on Wednesday. Applied Materials, Inc. has a 1 year low of $158.96 and a 1 year high of $255.89. 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 stock has a market cap of $148.89 billion, a PE ratio of 21.28, a price-to-earnings-growth ratio of 1.86 and a beta of 1.53. The firm has a fifty day moving average price of $175.20 and a 200 day moving average price of $185.04.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results on Thursday, November 14th. The manufacturing equipment provider reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.19 by $0.13. The firm had revenue of $7.05 billion for the quarter, compared to analyst estimates of $6.96 billion. Applied Materials had a net margin of 26.41% and a return on equity of 39.26%. Applied Materials’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the company posted $2.12 EPS. Equities research analysts predict that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Thursday, February 20th. Applied Materials’s dividend payout ratio is presently 18.58%.

Applied Materials 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.