Sheaff Brock Investment Advisors LLC lifted its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 23.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 48,556 shares of the manufacturing equipment provider’s stock after acquiring an additional 9,314 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Applied Materials were worth $2,006,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. MCF Advisors LLC increased its position in shares of Applied Materials by 0.3% in the first quarter. MCF Advisors LLC now owns 3,663 shares of the manufacturing equipment provider’s stock valued at $142,000 after acquiring an additional 10 shares during the last quarter. Guardian Life Insurance Co. of America increased its position in Applied Materials by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 4,170 shares of the manufacturing equipment provider’s stock worth $162,000 after buying an additional 29 shares during the last quarter. Adirondack Trust Co. increased its position in Applied Materials by 1.1% during the second quarter. Adirondack Trust Co. now owns 3,650 shares of the manufacturing equipment provider’s stock worth $151,000 after buying an additional 40 shares during the last quarter. RMB Capital Management LLC increased its position in Applied Materials by 1.0% during the first quarter. RMB Capital Management LLC now owns 6,280 shares of the manufacturing equipment provider’s stock worth $244,000 after buying an additional 60 shares during the last quarter. Finally, Honkamp Krueger Financial Services Inc. increased its position in Applied Materials by 0.5% during the second quarter. Honkamp Krueger Financial Services Inc. now owns 20,921 shares of the manufacturing equipment provider’s stock worth $864,000 after buying an additional 97 shares during the last quarter. 79.67% of the stock is currently owned by institutional investors and hedge funds.

Shares of Applied Materials, Inc. (NASDAQ:AMAT) traded down 0.36% during midday trading on Wednesday, hitting $44.32. The company had a trading volume of 2,047,065 shares. Applied Materials, Inc. has a 12-month low of $27.56 and a 12-month high of $47.86. The company has a market capitalization of $47.27 billion, a price-to-earnings ratio of 15.76 and a beta of 1.81. The company’s 50-day moving average price is $44.55 and its 200 day moving average price is $42.16.

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, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.02. Applied Materials had a net margin of 22.08% and a return on equity of 40.74%. The firm had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same period last year, the firm earned $0.50 EPS. The business’s quarterly revenue was up 32.7% compared to the same quarter last year. Equities research analysts predict that Applied Materials, Inc. will post $3.20 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 24th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.90%. The ex-dividend date is Tuesday, August 22nd. Applied Materials’s payout ratio is 14.18%.

In other Applied Materials news, Director Alexander Karsner sold 22,762 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $44.03, for a total value of $1,002,210.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.31% of the stock is owned by company insiders.

AMAT has been the topic of a number of recent analyst reports. Credit Suisse Group reissued a “buy” rating on shares of Applied Materials in a research report on Tuesday, August 29th. Vetr raised Applied Materials from a “hold” rating to a “buy” rating and set a $48.70 price target on the stock in a research report on Monday, July 31st. Morgan Stanley reissued an “overweight” rating and set a $52.00 price target on shares of Applied Materials in a research report on Monday, August 14th. Nomura boosted their price target on Applied Materials from $47.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, August 18th. Finally, DA Davidson reissued a “buy” rating and set a $55.00 price target on shares of Applied Materials in a research report on Monday, July 10th. Four analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $51.44.

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Applied Materials Company Profile

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

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