TTP Investments Inc. Has $1.67 Million Holdings in Applied Materials, Inc. (NASDAQ:AMAT)

TTP Investments Inc. trimmed its holdings in shares of Applied Materials, Inc. (NASDAQ:AMATFree Report) by 5.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,299 shares of the manufacturing equipment provider’s stock after selling 600 shares during the period. Applied Materials comprises 0.7% of TTP Investments Inc.’s holdings, making the stock its 21st largest position. TTP Investments Inc.’s holdings in Applied Materials were worth $1,669,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Financial Freedom LLC bought a new stake in shares of Applied Materials in the 4th quarter valued at about $25,000. CGC Financial Services LLC bought a new position in shares of Applied Materials during the second quarter worth approximately $29,000. Global Wealth Management Investment Advisory Inc. increased its holdings in shares of Applied Materials by 76.9% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 230 shares of the manufacturing equipment provider’s stock worth $32,000 after purchasing an additional 100 shares during the period. BluePath Capital Management LLC bought a new position in shares of Applied Materials during the third quarter worth approximately $39,000. Finally, Quarry LP bought a new position in shares of Applied Materials during the first quarter worth approximately $40,000. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Applied Materials Stock Performance

Shares of AMAT stock traded down $2.58 during trading on Tuesday, reaching $206.11. 4,306,133 shares of the company’s stock traded hands, compared to its average volume of 6,482,146. The company has a market capitalization of $171.26 billion, a P/E ratio of 24.25, a PEG ratio of 3.12 and a beta of 1.59. The company has a current ratio of 2.71, a quick ratio of 1.91 and a debt-to-equity ratio of 0.31. The firm’s 50-day moving average is $192.85 and its 200 day moving average is $163.33. Applied Materials, Inc. has a 1 year low of $109.00 and a 1 year high of $214.91.

Applied Materials (NASDAQ:AMATGet Free Report) last announced its quarterly earnings results on Thursday, February 15th. The manufacturing equipment provider reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.23. The company had revenue of $6.71 billion for the quarter, compared to analysts’ expectations of $6.48 billion. Applied Materials had a net margin of 27.03% and a return on equity of 43.56%. Applied Materials’s revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.03 EPS. Equities research analysts expect that Applied Materials, Inc. will post 8.03 EPS for the current year.

Applied Materials Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 23rd will be paid a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, May 22nd. This is a boost from Applied Materials’s previous quarterly dividend of $0.32. This represents a $1.60 annualized dividend and a yield of 0.78%. Applied Materials’s dividend payout ratio is currently 15.06%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Cantor Fitzgerald reiterated a “neutral” rating and set a $220.00 price target on shares of Applied Materials in a research report on Monday, March 4th. UBS Group raised their target price on shares of Applied Materials from $185.00 to $235.00 and gave the company a “neutral” rating in a research report on Tuesday, March 5th. Barclays raised their target price on shares of Applied Materials from $120.00 to $140.00 and gave the company an “underweight” rating in a research report on Tuesday, January 16th. Raymond James raised their target price on shares of Applied Materials from $180.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. Finally, Citigroup lifted their price target on shares of Applied Materials from $170.00 to $211.00 and gave the stock a “buy” rating in a report on Friday, February 16th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $191.83.

Read Our Latest Stock Report on AMAT

Applied Materials Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Applied Materials (NASDAQ:AMAT)

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