Cedar Hill Associates LLC reduced its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 11.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 86,446 shares of the manufacturing equipment provider’s stock after selling 11,028 shares during the period. Cedar Hill Associates LLC’s holdings in Applied Materials were worth $3,993,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in AMAT. Barnett & Company Inc. boosted its holdings in Applied Materials by 29.3% in the 2nd quarter. Barnett & Company Inc. now owns 7,303 shares of the manufacturing equipment provider’s stock worth $337,000 after buying an additional 1,653 shares during the period. Harbor Island Capital LLC boosted its holdings in Applied Materials by 22.9% in the 2nd quarter. Harbor Island Capital LLC now owns 157,778 shares of the manufacturing equipment provider’s stock worth $7,288,000 after buying an additional 29,390 shares during the period. Fiduciary Trust Co. boosted its holdings in Applied Materials by 25.5% in the 2nd quarter. Fiduciary Trust Co. now owns 6,248 shares of the manufacturing equipment provider’s stock worth $289,000 after buying an additional 1,270 shares during the period. Sei Investments Co. boosted its holdings in Applied Materials by 238.0% in the 2nd quarter. Sei Investments Co. now owns 1,069,703 shares of the manufacturing equipment provider’s stock worth $49,410,000 after buying an additional 753,216 shares during the period. Finally, Icon Advisers Inc. Co. boosted its holdings in Applied Materials by 31.8% in the 2nd quarter. Icon Advisers Inc. Co. now owns 127,800 shares of the manufacturing equipment provider’s stock worth $5,903,000 after buying an additional 30,800 shares during the period. 78.33% of the stock is owned by hedge funds and other institutional investors.

Applied Materials opened at $49.16 on Friday, MarketBeat reports. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.83 and a current ratio of 2.60. The firm has a market cap of $50.03 billion, a PE ratio of 12.19, a P/E/G ratio of 0.83 and a beta of 1.63. Applied Materials, Inc. has a fifty-two week low of $41.94 and a fifty-two week high of $62.40.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings data on Thursday, May 17th. The manufacturing equipment provider reported $1.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.08. The firm had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.45 billion. Applied Materials had a net margin of 19.24% and a return on equity of 51.65%. During the same quarter last year, the company posted $0.79 EPS. equities analysts forecast that Applied Materials, Inc. will post 4.58 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 13th. Stockholders of record on Thursday, August 23rd will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Wednesday, August 22nd. Applied Materials’s dividend payout ratio (DPR) is currently 24.62%.

AMAT has been the subject of several analyst reports. Vetr downgraded shares of Applied Materials from a “strong-buy” rating to a “buy” rating and set a $63.08 price objective for the company. in a report on Tuesday, April 17th. Citigroup increased their target price on shares of Applied Materials from $70.00 to $78.00 and gave the stock a “buy” rating in a research note on Monday, May 14th. Zacks Investment Research cut shares of Applied Materials from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 17th. Needham & Company LLC lowered their target price on shares of Applied Materials from $72.00 to $68.00 and set a “strong-buy” rating on the stock in a research note on Monday, May 21st. Finally, Goldman Sachs Group cut shares of Applied Materials from a “buy” rating to a “neutral” rating in a research note on Friday, May 18th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $63.72.

Applied Materials Company Profile

Applied Materials, Inc provides manufacturing equipment, services, and software to the semiconductor, display, and related industries worldwide. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells a range of manufacturing equipment used to fabricate semiconductor chips or integrated circuits.

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

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