Vanguard Group Inc. increased its position in Applied Materials, Inc. (NASDAQ:AMAT) by 3.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 73,362,409 shares of the manufacturing equipment provider’s stock after buying an additional 2,441,471 shares during the period. Vanguard Group Inc.’s holdings in Applied Materials were worth $2,853,797,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Teachers Advisors LLC increased its position in Applied Materials by 2.8% in the fourth quarter. Teachers Advisors LLC now owns 3,956,864 shares of the manufacturing equipment provider’s stock valued at $127,688,000 after buying an additional 109,324 shares in the last quarter. Fisher Asset Management LLC purchased a new stake in Applied Materials during the first quarter worth $371,000. Capital Management Corp VA boosted its position in Applied Materials by 1.8% in the first quarter. Capital Management Corp VA now owns 231,324 shares of the manufacturing equipment provider’s stock worth $8,998,000 after buying an additional 4,076 shares during the last quarter. Oxford Asset Management acquired a new position in Applied Materials during the first quarter worth about $4,956,000. Finally, Karp Capital Management Corp acquired a new position in Applied Materials during the first quarter worth about $17,549,000. 80.06% of the stock is owned by hedge funds and other institutional investors.

Applied Materials, Inc. (NASDAQ:AMAT) traded up 0.28% during trading on Friday, hitting $42.82. The stock had a trading volume of 7,510,455 shares. The stock has a 50 day moving average price of $44.39 and a 200-day moving average price of $40.57. Applied Materials, Inc. has a 12 month low of $25.86 and a 12 month high of $47.86. The stock has a market cap of $46.02 billion, a price-to-earnings ratio of 17.71 and a beta of 1.82.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings results on Thursday, May 18th. The manufacturing equipment provider reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.03. The business had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.54 billion. Applied Materials had a return on equity of 38.28% and a net margin of 20.41%. The business’s revenue was up 44.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.34 earnings per share. On average, equities analysts predict that Applied Materials, Inc. will post $3.11 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 24th will be given a $0.10 dividend. The ex-dividend date is Tuesday, August 22nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.93%. Applied Materials’s dividend payout ratio (DPR) is presently 16.46%.

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A number of equities analysts recently issued reports on the company. Bank of America Corporation reiterated a “buy” rating and issued a $65.00 target price (up from $58.00) on shares of Applied Materials in a report on Sunday, June 11th. Vetr upgraded Applied Materials from a “buy” rating to a “strong-buy” rating and set a $46.48 target price on the stock in a report on Thursday, June 29th. BidaskClub cut Applied Materials from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. B. Riley restated a “buy” rating and set a $56.00 price objective on shares of Applied Materials in a research note on Saturday, May 20th. Finally, Cowen and Company restated a “buy” rating and set a $50.00 price objective on shares of Applied Materials in a research note on Friday, July 28th. Four analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $46.62.

Applied Materials Company Profile

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

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