South Dakota Investment Council maintained its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 87,000 shares of the manufacturing equipment provider’s stock at the close of the 2nd quarter. South Dakota Investment Council’s holdings in Applied Materials were worth $3,594,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in AMAT. BlackRock Inc. boosted its holdings in Applied Materials by 2,063.7% in the first quarter. BlackRock Inc. now owns 67,009,706 shares of the manufacturing equipment provider’s stock worth $2,606,676,000 after acquiring an additional 63,912,660 shares in the last quarter. Egerton Capital UK LLP bought a new stake in Applied Materials in the first quarter worth $452,897,000. FMR LLC boosted its holdings in Applied Materials by 16.8% in the first quarter. FMR LLC now owns 32,013,147 shares of the manufacturing equipment provider’s stock worth $1,245,311,000 after acquiring an additional 4,604,275 shares in the last quarter. LSV Asset Management boosted its holdings in Applied Materials by 151.5% in the first quarter. LSV Asset Management now owns 7,572,100 shares of the manufacturing equipment provider’s stock worth $294,554,000 after acquiring an additional 4,561,500 shares in the last quarter. Finally, Swedbank bought a new stake in Applied Materials in the second quarter worth $135,363,000. 79.67% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Applied Materials, Inc. (NASDAQ AMAT) traded down 1.92% during mid-day trading on Friday, reaching $44.35. The company’s stock had a trading volume of 8,128,854 shares. The firm’s 50-day moving average price is $44.36 and its 200 day moving average price is $42.22. The firm has a market cap of $47.30 billion, a P/E ratio of 15.77 and a beta of 1.81. Applied Materials, Inc. has a 12-month low of $27.56 and a 12-month high of $47.86. Applied Materials also was the target of some unusual options trading on Wednesday. Stock investors purchased 2,307 call options on the stock. This is an increase of approximately 118% compared to the average daily volume of 1,060 call options.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings data on Thursday, August 17th. The manufacturing equipment provider reported $0.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.02. The business had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Applied Materials had a return on equity of 40.74% and a net margin of 22.08%. The company’s revenue for the quarter was up 32.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.50 EPS. On average, analysts expect that Applied Materials, Inc. will post $3.20 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Friday, November 24th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.40 annualized dividend and a dividend yield of 0.90%. Applied Materials’s dividend payout ratio (DPR) is presently 14.18%.

In other 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 value of $1,002,210.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.31% of the company’s stock.

Several equities research analysts have commented on AMAT shares. B. Riley reissued a “buy” rating and issued a $44.00 target price on shares of Applied Materials in a report on Monday, May 15th. Needham & Company LLC boosted their target price on Applied Materials from $43.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, May 15th. Stifel Nicolaus boosted their target price on Applied Materials from $42.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, May 15th. Citigroup Inc. reissued a “buy” rating and issued a $50.00 target price on shares of Applied Materials in a report on Wednesday, May 17th. Finally, Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $40.00 target price (up from $35.00) on shares of Applied Materials in a report on Wednesday, May 17th. Four equities research 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 stock. The company currently has a consensus rating of “Buy” and a consensus target price of $51.44.

Applied Materials Profile

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

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