Guardian Capital LP reduced its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 20.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,134 shares of the manufacturing equipment provider’s stock after selling 2,295 shares during the quarter. Guardian Capital LP’s holdings in Applied Materials were worth $377,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of AMAT. Garner Asset Management Corp acquired a new position in Applied Materials in the 2nd quarter valued at about $266,000. Clinton Group Inc. raised its holdings in Applied Materials by 94.4% in the 2nd quarter. Clinton Group Inc. now owns 86,401 shares of the manufacturing equipment provider’s stock valued at $3,569,000 after acquiring an additional 41,960 shares during the period. Tudor Investment Corp ET AL raised its holdings in Applied Materials by 6.9% in the 2nd quarter. Tudor Investment Corp ET AL now owns 47,292 shares of the manufacturing equipment provider’s stock valued at $1,954,000 after acquiring an additional 3,034 shares during the period. UBS Oconnor LLC bought a new position in Applied Materials in the 2nd quarter valued at about $8,211,000. Finally, First Allied Advisory Services Inc. raised its holdings in Applied Materials by 3.4% in the 2nd quarter. First Allied Advisory Services Inc. now owns 44,939 shares of the manufacturing equipment provider’s stock valued at $1,853,000 after acquiring an additional 1,471 shares during the period. Institutional investors own 79.47% of the company’s stock.

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In other 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 transaction of $1,002,210.86. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.31% of the company’s stock.

Several equities research analysts have issued reports on AMAT shares. B. Riley restated a “buy” rating and set a $56.00 price objective on shares of Applied Materials in a research report on Tuesday, July 11th. UBS AG reaffirmed a “buy” rating and issued a $52.00 target price on shares of Applied Materials in a research report on Tuesday, June 13th. Vetr raised Applied Materials from a “buy” rating to a “strong-buy” rating and set a $48.16 target price on the stock in a research report on Thursday, August 10th. Zacks Investment Research lowered Applied Materials from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $61.00 target price (up previously from $55.00) on shares of Applied Materials in a research note on Friday, August 18th. Three analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $55.31.

Applied Materials, Inc. (NASDAQ AMAT) traded up 0.0002% during trading on Monday, reaching $52.0901. 4,867,593 shares of the company were exchanged. The firm’s 50-day moving average is $44.50 and its 200 day moving average is $42.82. Applied Materials, Inc. has a one year low of $27.56 and a one year high of $52.63. The company has a market capitalization of $55.55 billion, a P/E ratio of 18.5176 and a beta of 1.86.

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 net margin of 22.08% and a return on equity of 40.74%. The business had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same period in the previous year, the business posted $0.50 earnings per share. Applied Materials’s revenue for the quarter was up 32.7% on a year-over-year basis. On average, analysts anticipate that Applied Materials, Inc. will post $3.20 EPS for the current fiscal year.

The business also recently declared 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. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Wednesday, November 22nd. Applied Materials’s payout ratio is 14.18%.

Applied Materials Profile

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

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