Trellus Management Company LLC Trims Stake in Applied Materials, Inc. (AMAT)

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Trellus Management Company LLC reduced its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 33.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,000 shares of the manufacturing equipment provider’s stock after selling 5,000 shares during the period. Trellus Management Company LLC’s holdings in Applied Materials were worth $327,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in AMAT. Moody National Bank Trust Division bought a new stake in shares of Applied Materials during the fourth quarter worth about $25,000. Mondrian Capital Management LLC bought a new stake in shares of Applied Materials during the fourth quarter worth about $33,000. Certified Advisory Corp grew its holdings in shares of Applied Materials by 59.8% during the fourth quarter. Certified Advisory Corp now owns 1,080 shares of the manufacturing equipment provider’s stock worth $35,000 after purchasing an additional 404 shares during the last quarter. Essex Savings Bank bought a new stake in shares of Applied Materials during the fourth quarter worth about $38,000. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in shares of Applied Materials by 168.1% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,268 shares of the manufacturing equipment provider’s stock worth $42,000 after purchasing an additional 795 shares during the last quarter. Institutional investors own 78.31% of the company’s stock.

AMAT has been the topic of several analyst reports. Stifel Nicolaus set a $63.00 target price on Applied Materials and gave the company a “buy” rating in a report on Tuesday, January 8th. Zacks Investment Research cut Applied Materials from a “hold” rating to a “sell” rating in a report on Wednesday, January 16th. B. Riley cut Applied Materials from a “buy” rating to a “neutral” rating and reduced their target price for the company from $63.00 to $36.00 in a report on Monday, October 29th. UBS Group cut Applied Materials from a “positive” rating to a “neutral” rating in a report on Tuesday, October 23rd. Finally, DA Davidson reduced their target price on Applied Materials to $55.00 and set a “buy” rating on the stock in a report on Friday, November 16th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $51.41.

Applied Materials stock opened at $39.78 on Friday. The company has a market cap of $37.91 billion, a price-to-earnings ratio of 8.94, a price-to-earnings-growth ratio of 1.36 and a beta of 1.69. Applied Materials, Inc. has a 52-week low of $28.79 and a 52-week high of $62.40. The company has a current ratio of 2.64, a quick ratio of 1.73 and a debt-to-equity ratio of 0.78.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings results on Thursday, November 15th. The manufacturing equipment provider reported $0.97 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.97. The firm had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $4 billion. Applied Materials had a return on equity of 62.56% and a net margin of 19.20%. As a group, sell-side analysts forecast that Applied Materials, Inc. will post 3.37 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 14th. Shareholders of record on Thursday, February 21st will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Wednesday, February 20th. Applied Materials’s payout ratio is 17.98%.

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Applied Materials Company Profile

Applied Materials, Inc provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It 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.

Further Reading: Are Wall Street analysts’ stock ratings worth following?

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

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