Guggenheim Capital LLC reduced its position in Applied Materials Inc. (NASDAQ:AMAT) by 2.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 2,597,781 shares of the manufacturing equipment provider’s stock after selling 57,943 shares during the period. Guggenheim Capital LLC owned 0.24% of Applied Materials worth $62,268,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of AMAT. Thompson Davis & CO. Inc. boosted its position in shares of Applied Materials by 133.3% in the second quarter. Thompson Davis & CO. Inc. now owns 4,232 shares of the manufacturing equipment provider’s stock worth $101,000 after buying an additional 2,418 shares during the last quarter. TLP Group LLC purchased a new position in Applied Materials during the second quarter worth about $105,000. Clean Yield Group boosted its position in Applied Materials by 16.5% in the second quarter. Clean Yield Group now owns 4,950 shares of the manufacturing equipment provider’s stock worth $119,000 after buying an additional 700 shares during the last quarter. First PREMIER Bank purchased a new position in Applied Materials during the second quarter worth about $120,000. Finally, NEXT Financial Group Inc boosted its position in Applied Materials by 406.1% in the second quarter. NEXT Financial Group Inc now owns 6,605 shares of the manufacturing equipment provider’s stock worth $158,000 after buying an additional 5,300 shares during the last quarter. Institutional investors own 82.57% of the company’s stock.

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

Shares of Applied Materials Inc. (NASDAQ:AMAT) traded up 2.27% during trading on Friday, hitting $28.82. 12,748,367 shares of the company were exchanged. The firm has a market capitalization of $31.15 billion, a PE ratio of 22.73 and a beta of 1.86. The firm’s 50-day moving average price is $28.98 and its 200 day moving average price is $26.26. Applied Materials Inc. has a 12 month low of $15.44 and a 12 month high of $31.07.

Applied Materials (NASDAQ:AMAT) last released its earnings results on Thursday, August 18th. The manufacturing equipment provider reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The company earned $2.82 billion during the quarter, compared to analysts’ expectations of $2.84 billion. Applied Materials had a net margin of 14.62% and a return on equity of 22.37%. Applied Materials’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period last year, the business earned $0.33 EPS. On average, equities research analysts expect that Applied Materials Inc. will post $1.75 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Friday, November 25th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Tuesday, November 22nd. Applied Materials’s payout ratio is 31.25%.

A number of research firms have issued reports on AMAT. Berenberg Bank boosted their price objective on shares of Applied Materials from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, September 22nd. Pacific Crest reaffirmed a “buy” rating on shares of Applied Materials in a research note on Thursday, September 22nd. Nomura reaffirmed a “buy” rating and set a $31.00 target price on shares of Applied Materials in a research note on Thursday, September 22nd. Deutsche Bank AG reaffirmed a “buy” rating and set a $33.00 target price on shares of Applied Materials in a research note on Thursday, September 22nd. Finally, B. Riley reaffirmed a “buy” rating and set a $39.00 target price on shares of Applied Materials in a research note on Wednesday, September 21st. Seven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $31.20.

In other Applied Materials news, insider Gary E. Dickerson sold 229,935 shares of Applied Materials stock in a transaction that occurred on Friday, October 7th. The shares were sold at an average price of $29.71, for a total transaction of $6,831,368.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephen R. Forrest sold 5,000 shares of Applied Materials stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $30.00, for a total transaction of $150,000.00. The disclosure for this sale can be found here. Company insiders own 0.25% of the company’s stock.

Applied Materials Company Profile

Applied Materials, Inc (Applied) provides manufacturing equipment, services and software to the semiconductor, display, solar photovoltaic (PV) and related industries across the world. The Company operates in four segments: Silicon Systems, Applied Global Services, Display, and Energy and Environmental Solutions.

5 Day Chart for NASDAQ:AMAT

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