National Pension Service increased its stake in Applied Materials Inc. (NASDAQ:AMAT) by 8.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 922,460 shares of the manufacturing equipment provider’s stock after buying an additional 71,841 shares during the period. National Pension Service owned approximately 0.09% of Applied Materials worth $27,812,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. FMR LLC raised its position in shares of 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 period. Winslow Capital Management LLC acquired a new stake in Applied Materials during the second quarter valued at about $173,715,000. Emerald Acquisition Ltd. acquired a new stake in Applied Materials during the second quarter valued at about $113,508,000. Old Mutual Global Investors UK Ltd. acquired a new stake in Applied Materials during the second quarter valued at about $74,805,000. Finally, UBS Asset Management Americas Inc. increased its stake 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 in the last quarter. 80.36% 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 0.03% on Tuesday, hitting $31.85. 1,524,040 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $29.28 and its 200 day moving average price is $27.16. Applied Materials Inc. has a 1-year low of $15.44 and a 1-year high of $32.16. The company has a market cap of $34.43 billion, a price-to-earnings ratio of 20.68 and a beta of 1.86.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings results on Thursday, November 17th. The manufacturing equipment provider reported $0.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.01. Applied Materials had a return on equity of 28.09% and a net margin of 15.90%. The business earned $3.30 billion during the quarter, compared to analysts’ expectations of $3.31 billion. During the same period in the previous year, the business posted $0.29 earnings per share. The firm’s revenue for the quarter was up 39.2% compared to the same quarter last year. On average, equities research analysts expect that Applied Materials Inc. will post $2.35 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Friday, November 25th will be issued a $0.10 dividend. The ex-dividend date is Tuesday, November 22nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.25%. Applied Materials’s dividend payout ratio is 25.64%.

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Several equities research analysts have issued reports on the stock. B. Riley reiterated a “buy” rating and set a $39.00 price objective on shares of Applied Materials in a research note on Friday, September 16th. Bank of America Corp. set a $35.00 price objective on shares of Applied Materials and gave the stock a “buy” rating in a research note on Saturday, November 19th. S&P Equity Research set a $31.00 price objective on shares of Applied Materials and gave the stock a “hold” rating in a research note on Sunday, August 21st. Goldman Sachs Group Inc. set a $33.00 price objective on shares of Applied Materials and gave the stock a “buy” rating in a research note on Friday, August 19th. Finally, Nomura reiterated a “buy” rating and set a $31.00 price objective on shares of Applied Materials in a research note on Thursday, September 22nd. Five research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Applied Materials presently has a consensus rating of “Buy” and an average price target of $31.95.

In other Applied Materials news, insider Gary E. Dickerson sold 229,935 shares of the business’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Omkaram Nalamasu sold 99,491 shares of the business’s stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $30.15, for a total value of $2,999,653.65. The disclosure for this sale can be found here. 0.25% of the stock is owned by corporate insiders.

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

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