Airain ltd decreased its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 11.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 54,667 shares of the manufacturing equipment provider’s stock after selling 7,326 shares during the period. Airain ltd’s holdings in Applied Materials were worth $2,258,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Greenwich Wealth Management LLC boosted its position in Applied Materials by 0.8% in the first quarter. Greenwich Wealth Management LLC now owns 122,097 shares of the manufacturing equipment provider’s stock valued at $4,750,000 after buying an additional 937 shares during the last quarter. Breton Hill Capital Ltd. boosted its position in Applied Materials by 297.2% in the first quarter. Breton Hill Capital Ltd. now owns 31,376 shares of the manufacturing equipment provider’s stock valued at $1,221,000 after buying an additional 23,477 shares during the last quarter. First Midwest Bank Trust Division boosted its position in Applied Materials by 8.2% in the first quarter. First Midwest Bank Trust Division now owns 49,791 shares of the manufacturing equipment provider’s stock valued at $1,936,000 after buying an additional 3,785 shares during the last quarter. IFP Advisors Inc boosted its position in Applied Materials by 325.0% in the first quarter. IFP Advisors Inc now owns 37,397 shares of the manufacturing equipment provider’s stock valued at $1,455,000 after buying an additional 28,598 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its position in Applied Materials by 100.5% in the first quarter. State of New Jersey Common Pension Fund D now owns 2,195,000 shares of the manufacturing equipment provider’s stock valued at $85,386,000 after buying an additional 1,100,000 shares during the last quarter. Institutional investors own 79.05% of the company’s stock.

Applied Materials, Inc. (NASDAQ AMAT) opened at 44.02 on Wednesday. Applied Materials, Inc. has a one year low of $27.56 and a one year high of $47.86. The firm has a market capitalization of $46.95 billion, a P/E ratio of 15.65 and a beta of 1.82. The firm has a 50-day moving average price of $44.65 and a 200 day moving average price of $41.62.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings data on Thursday, August 17th. The manufacturing equipment provider reported $0.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.02. The firm had revenue of $3.74 billion during 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 firm’s revenue was up 32.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.50 EPS. Equities research analysts anticipate that Applied Materials, Inc. will post $3.21 earnings per share for the current 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 paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Tuesday, August 22nd. Applied Materials’s dividend payout ratio is presently 14.18%.

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Several research firms have issued reports on AMAT. Vetr upgraded Applied Materials from a “hold” rating to a “buy” rating and set a $48.70 target price on the stock in a research report on Monday, July 24th. B. Riley reiterated a “buy” rating and set a $56.00 target price on shares of Applied Materials in a research report on Sunday, July 16th. Cowen and Company reiterated a “buy” rating and set a $50.00 target price on shares of Applied Materials in a research report on Friday, July 28th. Bank of America Corporation reissued a “buy” rating and set a $54.00 price target (up previously from $45.00) on shares of Applied Materials in a research note on Wednesday, May 17th. Finally, UBS AG reissued a “buy” rating and set a $51.00 price target (up previously from $44.00) on shares of Applied Materials in a research note on Wednesday, May 17th. Four investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $51.44.

In other Applied Materials news, Director Alexander Karsner sold 22,762 shares of the company’s stock in a transaction that occurred on 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 Securities & Exchange Commission, which can be accessed through this link. 0.31% of the stock is owned by corporate insiders.

Applied Materials Company Profile

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

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