Applied Materials Inc. (NASDAQ:AMAT) posted its quarterly earnings data on Thursday. The manufacturing equipment provider reported $0.66 EPS for the quarter, topping the consensus estimate of $0.65 by $0.01. The firm earned $3.30 billion during the quarter, compared to analyst estimates of $3.31 billion. Applied Materials had a return on equity of 22.37% and a net margin of 14.62%. Applied Materials’s revenue was up 39.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.29 EPS. Applied Materials updated its Q1 guidance to $0.62-0.70 EPS.

Applied Materials (NASDAQ:AMAT) opened at 30.73 on Friday. The stock has a market capitalization of $33.22 billion, a price-to-earnings ratio of 24.24 and a beta of 1.86. The firm has a 50-day moving average of $29.00 and a 200 day moving average of $26.51. Applied Materials has a 12-month low of $15.44 and a 12-month high of $31.07.

Earnings History for Applied Materials (NASDAQ:AMAT)

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Friday, November 25th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Tuesday, November 22nd. Applied Materials’s dividend payout ratio is currently 31.25%.

AMAT has been the subject of a number of analyst reports. Goldman Sachs Group Inc. set a $33.00 price target on Applied Materials and gave the stock a “buy” rating in a research note on Friday, August 19th. Credit Suisse Group AG reiterated a “buy” rating and issued a $34.00 price target on shares of Applied Materials in a research note on Wednesday. Zacks Investment Research upgraded Applied Materials from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research note on Wednesday. RBC Capital Markets reiterated a “sector perform” rating and issued a $28.00 price target (up previously from $26.00) on shares of Applied Materials in a research note on Wednesday, August 17th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $34.00 price target (up previously from $29.00) on shares of Applied Materials in a research note on Sunday, August 21st. Six equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $31.34.

In other news, VP Omkaram Nalamasu sold 26,035 shares of the company’s stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $30.15, for a total value of $784,955.25. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Stephen R. Forrest sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 23rd. The stock was 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. 0.25% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of the company. BlueMountain Capital Management LLC raised its position in shares of Applied Materials by 257.0% in the second quarter. BlueMountain Capital Management LLC now owns 60,077 shares of the manufacturing equipment provider’s stock valued at $1,440,000 after buying an additional 43,251 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Applied Materials by 4.6% in the second quarter. Janney Montgomery Scott LLC now owns 43,027 shares of the manufacturing equipment provider’s stock valued at $803,000 after buying an additional 1,906 shares in the last quarter. Public Sector Pension Investment Board raised its position in shares of Applied Materials by 12.7% in the second quarter. Public Sector Pension Investment Board now owns 206,354 shares of the manufacturing equipment provider’s stock valued at $4,946,000 after buying an additional 23,300 shares in the last quarter. AXA raised its position in shares of Applied Materials by 411.3% in the second quarter. AXA now owns 203,500 shares of the manufacturing equipment provider’s stock valued at $4,878,000 after buying an additional 163,700 shares in the last quarter. Finally, Associated Banc Corp bought a new position in shares of Applied Materials during the second quarter valued at approximately $212,000. Hedge funds and other institutional investors own 83.73% of the company’s stock.

About Applied Materials

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

Receive News & Stock Ratings for Applied Materials Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Materials Inc. and related stocks with our FREE daily email newsletter.