Raymond James Trust N.A. increased its stake in Applied Materials Inc. (NASDAQ:AMAT) by 2.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 168,652 shares of the manufacturing equipment provider’s stock after buying an additional 3,281 shares during the period. Raymond James Trust N.A.’s holdings in Applied Materials were worth $5,084,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Applied Materials by 2.6% in the second quarter. Vanguard Group Inc. now owns 69,928,209 shares of the manufacturing equipment provider’s stock valued at $1,676,180,000 after buying an additional 1,775,955 shares during the last quarter. FMR LLC raised its position in Applied Materials by 65.3% in the second quarter. FMR LLC now owns 32,620,245 shares of the manufacturing equipment provider’s stock valued at $781,907,000 after buying an additional 12,881,391 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in Applied Materials by 16.9% in the second quarter. TIAA CREF Investment Management LLC now owns 12,799,098 shares of the manufacturing equipment provider’s stock valued at $306,794,000 after buying an additional 1,850,984 shares during the last quarter. Winslow Capital Management LLC bought a new position in Applied Materials during the second quarter valued at approximately $173,715,000. Finally, UBS Asset Management Americas Inc. raised its position in Applied Materials by 68.0% in the second quarter. UBS Asset Management Americas Inc. now owns 7,110,558 shares of the manufacturing equipment provider’s stock valued at $170,439,000 after buying an additional 2,876,969 shares during the last quarter. 81.44% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Applied Materials Inc. (NASDAQ:AMAT) traded up 1.98% on Monday, reaching $31.35. The company had a trading volume of 13,049,234 shares. The firm has a market capitalization of $33.89 billion, a price-to-earnings ratio of 20.36 and a beta of 1.86. Applied Materials Inc. has a 1-year low of $15.44 and a 1-year high of $31.45. The firm has a 50-day moving average price of $28.99 and a 200 day moving average price of $26.56.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings results on Thursday, November 17th. The manufacturing equipment provider reported $0.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.01. The business had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.31 billion. Applied Materials had a return on equity of 28.09% and a net margin of 15.90%. The company’s quarterly revenue was up 39.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.29 EPS. Equities research analysts predict that Applied Materials Inc. will post $2.28 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders 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 dividend yield of 1.28%. The ex-dividend date is Tuesday, November 22nd. Applied Materials’s dividend payout ratio (DPR) is 25.64%.

Several research analysts recently issued reports on the company. Bank of America Corp. set a $35.00 target price on Applied Materials and gave the company a “buy” rating in a research report on Saturday. Cowen and Company reaffirmed an “outperform” rating and set a $32.50 target price on shares of Applied Materials in a research report on Friday. Deutsche Bank AG reaffirmed a “buy” rating and set a $33.00 target price on shares of Applied Materials in a research report on Friday. B. Riley reaffirmed a “buy” rating and set a $38.00 target price on shares of Applied Materials in a research report on Friday. Finally, Zacks Investment Research raised Applied Materials from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research report on Wednesday, November 16th. Six equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Applied Materials currently has an average rating of “Buy” and a consensus price target of $31.50.

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