Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 18.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 261,108 shares of the manufacturing equipment provider’s stock after buying an additional 40,384 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Applied Materials were worth $10,786,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. State of Alaska Department of Revenue purchased a new position in Applied Materials during the first quarter valued at about $114,000. James Investment Research Inc. boosted its position in 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 valued at $119,000 after buying an additional 1,450 shares in the last quarter. Clean Yield Group purchased a new position in Applied Materials during the first quarter valued at about $124,000. Bessemer Group Inc. boosted its position in Applied Materials by 145.4% in the second quarter. Bessemer Group Inc. now owns 3,067 shares of the manufacturing equipment provider’s stock valued at $126,000 after buying an additional 1,817 shares in the last quarter. Finally, Hanson McClain Inc. boosted its position in Applied Materials by 4.3% in the first quarter. Hanson McClain Inc. now owns 3,360 shares of the manufacturing equipment provider’s stock valued at $131,000 after buying an additional 139 shares in the last quarter. Hedge funds and other institutional investors own 79.33% of the company’s stock.

Applied Materials, Inc. (NASDAQ AMAT) traded down 0.94% on Friday, reaching $43.31. 6,385,750 shares of the company’s stock were exchanged. Applied Materials, Inc. has a 1-year low of $27.56 and a 1-year high of $47.86. The company has a 50 day moving average price of $44.65 and a 200-day moving average price of $41.62. The company has a market capitalization of $46.39 billion, a PE ratio of 15.40 and a beta of 1.82. Applied Materials also saw unusually large options trading on Wednesday. Stock investors acquired 2,307 call options on the stock. This is an increase of 118% compared to the average volume of 1,060 call options.

Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, August 17th. The manufacturing equipment provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.02. Applied Materials had a return on equity of 43.83% and a net margin of 24.71%. The company had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same period in the prior year, the firm posted $0.50 EPS. The business’s revenue was up 32.7% compared to the same quarter last year. On average, equities research analysts anticipate that Applied Materials, Inc. will post $3.21 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 24th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.92%. The ex-dividend date is Tuesday, August 22nd. Applied Materials’s payout ratio is currently 14.18%.

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AMAT has been the subject of several analyst reports. Citigroup Inc. reiterated a “buy” rating and issued a $50.00 target price on shares of Applied Materials in a research note on Wednesday, May 17th. Stifel Nicolaus boosted their target price on shares of Applied Materials from $42.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, May 15th. Needham & Company LLC boosted their target price on shares of Applied Materials from $43.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, May 15th. B. Riley reiterated a “buy” rating and issued a $44.00 target price on shares of Applied Materials in a research note on Monday, May 15th. Finally, Credit Suisse Group upgraded shares of Applied Materials to a “buy” rating and set a $54.00 target price for the company in a research note on Friday, May 19th. Four investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $51.44.

In other news, Director Alexander Karsner sold 22,762 shares of the stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $44.03, for a total transaction of $1,002,210.86. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.31% of the company’s stock.

About Applied Materials

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

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