Harfst & Associates Inc. bought a new stake in Applied Materials, Inc. (NASDAQ:AMAT) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 8,606 shares of the manufacturing equipment provider’s stock, valued at approximately $334,000.

Several other hedge funds also recently added to or reduced their stakes in the company. Reilly Financial Advisors LLC raised its stake in Applied Materials by 78.0% in the first quarter. Reilly Financial Advisors LLC now owns 2,692 shares of the manufacturing equipment provider’s stock valued at $105,000 after buying an additional 1,180 shares during the period. Pinnacle Bank purchased a new stake in shares of Applied Materials during the first quarter worth approximately $113,000. State of Alaska Department of Revenue purchased a new stake in shares of Applied Materials during the first quarter worth approximately $114,000. James Investment Research Inc. raised its stake in shares of Applied Materials by 90.6% in the first quarter. James Investment Research Inc. now owns 3,050 shares of the manufacturing equipment provider’s stock worth $119,000 after buying an additional 1,450 shares during the last quarter. Finally, Clean Yield Group purchased a new stake in shares of Applied Materials during the first quarter worth approximately $124,000. 80.24% of the stock is currently owned by institutional investors.

Applied Materials, Inc. (AMAT) traded up 2.66% on Monday, reaching $43.96. The company’s stock had a trading volume of 7,752,704 shares. 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 $47.24 billion, a PE ratio of 18.18 and a beta of 1.82. The company’s 50 day moving average price is $44.39 and its 200-day moving average price is $40.57.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings data on Thursday, May 18th. The manufacturing equipment provider reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.03. The company had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.54 billion. Applied Materials had a net margin of 20.41% and a return on equity of 38.28%. Applied Materials’s quarterly revenue was up 44.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.34 EPS. On average, equities analysts expect that Applied Materials, Inc. will post $3.11 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 24th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.91%. Applied Materials’s dividend payout ratio is currently 16.46%.

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A number of analysts have recently commented on AMAT shares. Deutsche Bank AG reissued a “buy” rating and set a $48.00 price target (up from $45.00) on shares of Applied Materials in a research note on Friday, May 19th. Bank of America Corporation reissued a “buy” rating and set a $54.00 price target (up from $45.00) on shares of Applied Materials in a research note on Wednesday, May 17th. Royal Bank Of Canada reissued a “hold” rating and set a $35.00 price target on shares of Applied Materials in a research note on Tuesday, April 25th. Stifel Nicolaus raised their price objective on Applied Materials from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Sunday, May 21st. Finally, Susquehanna Bancshares Inc restated a “neutral” rating and set a $40.00 price objective (up from $35.00) on shares of Applied Materials in a research report on Wednesday, May 17th. Four investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Applied Materials has a consensus 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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