Virtu KCG Holdings LLC lowered its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 49.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 75,801 shares of the manufacturing equipment provider’s stock after selling 73,716 shares during the quarter. Virtu KCG Holdings LLC’s holdings in Applied Materials were worth $3,131,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Commonwealth Bank of Australia grew its holdings in Applied Materials by 2.7% during the 2nd quarter. Commonwealth Bank of Australia now owns 87,942 shares of the manufacturing equipment provider’s stock worth $3,632,000 after acquiring an additional 2,279 shares during the last quarter. Oxford Asset Management bought a new stake in Applied Materials during the 1st quarter worth about $4,956,000. Karp Capital Management Corp bought a new stake in Applied Materials during the 1st quarter worth about $17,549,000. OMERS ADMINISTRATION Corp bought a new stake in Applied Materials during the 2nd quarter worth about $2,082,000. Finally, Outfitter Advisors LTD. grew its holdings in Applied Materials by 1.5% during the 1st quarter. Outfitter Advisors LTD. now owns 40,400 shares of the manufacturing equipment provider’s stock worth $1,572,000 after acquiring an additional 600 shares during the last quarter. 79.47% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Alexander Karsner sold 22,762 shares of the firm’s stock in a transaction 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.31% of the company’s stock.

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AMAT has been the topic of a number of research analyst reports. Craig Hallum increased their price objective on shares of Applied Materials to $60.00 and gave the stock a “buy” rating in a report on Friday, August 18th. Credit Suisse Group reissued a “buy” rating on shares of Applied Materials in a report on Tuesday, August 29th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $48.00 target price (up previously from $46.00) on shares of Applied Materials in a research note on Sunday, August 20th. DA Davidson reaffirmed a “buy” rating and issued a $55.00 target price on shares of Applied Materials in a research note on Monday, July 10th. Finally, UBS AG reaffirmed a “buy” rating and issued a $52.00 target price on shares of Applied Materials in a research note on Tuesday, June 13th. Two analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. Applied Materials has an average rating of “Buy” and an average target price of $52.69.

Applied Materials, Inc. (AMAT) traded down 1.44% during trading on Monday, reaching $47.08. 2,561,921 shares of the company’s stock were exchanged. Applied Materials, Inc. has a 12 month low of $27.56 and a 12 month high of $48.53. The firm has a market cap of $50.21 billion, a price-to-earnings ratio of 16.74 and a beta of 1.81. The firm’s 50-day moving average price is $44.50 and its 200-day moving average price is $42.82.

Applied Materials (NASDAQ:AMAT) last announced its earnings results on Thursday, August 17th. The manufacturing equipment provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.02. Applied Materials had a return on equity of 40.74% and a net margin of 22.08%. The firm had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same period last year, the firm posted $0.50 EPS. The business’s revenue was up 32.7% compared to the same quarter last year. On average, equities research analysts anticipate that Applied Materials, Inc. will post $3.20 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Friday, November 24th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Wednesday, November 22nd. Applied Materials’s dividend payout ratio is presently 14.18%.

Applied Materials Company Profile

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

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