Andra AP fonden lowered its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 22.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 142,400 shares of the manufacturing equipment provider’s stock after selling 42,200 shares during the period. Andra AP fonden’s holdings in Applied Materials were worth $5,883,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. New Jersey Better Educational Savings Trust bought a new position in Applied Materials during the first quarter valued at approximately $428,000. Capital Management Corp VA increased its position in shares of 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. Glenview State Bank Trust DEPT. acquired a new position in shares of Applied Materials during the first quarter worth approximately $209,000. Janney Montgomery Scott LLC increased its position in shares of Applied Materials by 2.6% in the first quarter. Janney Montgomery Scott LLC now owns 87,850 shares of the manufacturing equipment provider’s stock worth $3,417,000 after buying an additional 2,207 shares during the last quarter. Finally, Livingston Group Asset Management CO operating as Southport Capital Management acquired a new position in shares of Applied Materials during the first quarter worth approximately $404,000. 79.05% of the stock is owned by institutional investors and hedge funds.

Shares of Applied Materials, Inc. (NASDAQ:AMAT) opened at 43.31 on Monday. The stock has a market cap of $46.19 billion, a PE ratio of 15.40 and a beta of 1.82. Applied Materials, Inc. has a 1-year low of $27.56 and a 1-year high of $47.86. The stock’s 50 day moving average is $44.65 and its 200-day moving average is $41.62.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings data on Thursday, August 17th. The manufacturing equipment provider reported $0.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.02. The firm had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.69 billion. Applied Materials had a return on equity of 40.74% and a net margin of 22.08%. The business’s revenue for the quarter was up 32.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.50 EPS. On average, analysts predict that Applied Materials, Inc. will post $3.21 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders 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 annualized dividend and a yield of 0.92%. Applied Materials’s payout ratio is presently 14.18%.

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A number of research analysts recently commented on the stock. B. Riley reaffirmed a “buy” rating and issued a $56.00 price target on shares of Applied Materials in a report on Saturday, May 20th. UBS AG reaffirmed a “buy” rating and issued a $51.00 price target (up previously from $44.00) on shares of Applied Materials in a report on Wednesday, May 17th. Vetr raised shares of Applied Materials from a “buy” rating to a “strong-buy” rating and set a $48.16 price target for the company in a report on Thursday, August 10th. Zacks Investment Research downgraded shares of Applied Materials from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $61.00 price objective (up from $55.00) on shares of Applied Materials in a research report on Friday, August 18th. Four analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $51.44.

In other Applied Materials news, Director Alexander Karsner sold 22,762 shares of the business’s 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.31% of the stock is currently owned by insiders.

Applied Materials Company Profile

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

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