SG Americas Securities LLC decreased its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 88.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,230 shares of the manufacturing equipment provider’s stock after selling 197,511 shares during the period. SG Americas Securities LLC’s holdings in Applied Materials were worth $1,084,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMAT. State of Alaska Department of Revenue purchased a new stake in Applied Materials during the first quarter valued at $114,000. Bessemer Group Inc. increased its stake 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 during the last quarter. Clean Yield Group purchased a new stake in Applied Materials during the first quarter valued at $124,000. Hanson McClain Inc. increased its stake 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 during the last quarter. Finally, First Interstate Bank increased its stake in Applied Materials by 7.0% in the first quarter. First Interstate Bank now owns 3,528 shares of the manufacturing equipment provider’s stock valued at $137,000 after buying an additional 232 shares during the last quarter. 79.05% of the stock is currently owned by institutional investors.

Applied Materials, Inc. (NASDAQ:AMAT) opened at 45.10 on Friday. The firm has a market cap of $48.10 billion, a PE ratio of 16.03 and a beta of 1.81. Applied Materials, Inc. has a one year low of $27.56 and a one year high of $47.86. The firm’s 50 day moving average price is $44.64 and its 200-day moving average price is $41.95.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings results on Thursday, August 17th. The manufacturing equipment provider reported $0.86 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.02. The business had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.69 billion. Applied Materials had a return on equity of 40.74% and a net margin of 22.08%. The company’s quarterly revenue was up 32.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.50 EPS. Equities analysts predict that Applied Materials, Inc. will post $3.21 EPS for the current fiscal 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 paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Tuesday, August 22nd. Applied Materials’s dividend payout ratio (DPR) is 14.18%.

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Several analysts have weighed in on the company. B. Riley reiterated a “buy” rating and set a $44.00 price target on shares of Applied Materials in a research note on Monday, May 15th. UBS AG reiterated 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. Instinet reiterated a “buy” rating and set a $50.00 price target (up previously from $47.00) on shares of Applied Materials in a research note on Monday, August 21st. Finally, Nomura boosted their price target on Applied Materials from $47.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, August 18th. Four equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. Applied Materials has a consensus rating of “Buy” and a consensus price target of $51.44.

In related news, Director Alexander Karsner sold 22,762 shares of Applied Materials 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 sale 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 insiders.

Applied Materials Company Profile

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

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