Redhawk Wealth Advisors Inc. Reduces Stock Holdings in Applied Materials, Inc. (NASDAQ:AMAT)

Redhawk Wealth Advisors Inc. lowered its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 4.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,298 shares of the manufacturing equipment provider’s stock after selling 66 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in Applied Materials were worth $211,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Clean Yield Group purchased a new stake in Applied Materials during the third quarter valued at approximately $33,000. First PREMIER Bank increased its stake in shares of Applied Materials by 326.3% in the 3rd quarter. First PREMIER Bank now owns 162 shares of the manufacturing equipment provider’s stock worth $33,000 after purchasing an additional 124 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new position in Applied Materials in the 3rd quarter worth $37,000. DT Investment Partners LLC lifted its position in Applied Materials by 592.9% during the third quarter. DT Investment Partners LLC now owns 194 shares of the manufacturing equipment provider’s stock valued at $39,000 after purchasing an additional 166 shares in the last quarter. Finally, Dunhill Financial LLC grew its holdings in Applied Materials by 61.4% during the third quarter. Dunhill Financial LLC now owns 213 shares of the manufacturing equipment provider’s stock valued at $43,000 after purchasing an additional 81 shares during the period. Institutional investors own 80.56% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wells Fargo & Company decreased their price objective on Applied Materials from $210.00 to $200.00 and set an “overweight” rating on the stock in a research note on Monday. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Applied Materials from $220.00 to $200.00 and set a “hold” rating on the stock in a report on Friday, November 15th. The Goldman Sachs Group reduced their price objective on shares of Applied Materials from $230.00 to $202.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Bank of America lowered their target price on shares of Applied Materials from $220.00 to $210.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Finally, TD Cowen cut their price target on Applied Materials from $250.00 to $230.00 and set a “buy” rating for the company in a research note 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 given a buy rating to the stock. According to MarketBeat.com, Applied Materials presently has a consensus rating of “Moderate Buy” and a consensus price target of $218.24.

Applied Materials Price Performance

Applied Materials stock opened at $186.48 on Friday. Applied Materials, Inc. has a 52-week low of $150.20 and a 52-week high of $255.89. The company has a quick ratio of 1.87, a current ratio of 2.51 and a debt-to-equity ratio of 0.29. The firm’s fifty day moving average is $173.25 and its 200 day moving average is $191.65. The company has a market cap of $151.74 billion, a price-to-earnings ratio of 21.66, a PEG ratio of 1.75 and a beta of 1.53.

Applied Materials (NASDAQ:AMAT) last announced its earnings results on Thursday, November 14th. The manufacturing equipment provider reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.19 by $0.13. The firm had revenue of $7.05 billion for 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 business’s revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.12 EPS. Sell-side analysts forecast that Applied Materials, Inc. will post 9.37 EPS for the current fiscal year.

Applied Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Thursday, February 20th. Applied Materials’s dividend payout ratio (DPR) is 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.