Trillium Asset Management LLC increased its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 0.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 77,752 shares of the manufacturing equipment provider’s stock after acquiring an additional 265 shares during the period. Trillium Asset Management LLC’s holdings in Applied Materials were worth $3,563,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealth Quarterback LLC bought a new stake in shares of Applied Materials in the 4th quarter valued at about $3,822,210,000. Bank of New York Mellon Corp lifted its stake in shares of Applied Materials by 9.3% in the 1st quarter. Bank of New York Mellon Corp now owns 17,861,988 shares of the manufacturing equipment provider’s stock valued at $818,438,000 after acquiring an additional 1,515,901 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Applied Materials by 9.1% in the 4th quarter. Geode Capital Management LLC now owns 14,522,113 shares of the manufacturing equipment provider’s stock valued at $885,002,000 after acquiring an additional 1,208,651 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in shares of Applied Materials by 26.1% in the 4th quarter. Nuveen Asset Management LLC now owns 13,708,691 shares of the manufacturing equipment provider’s stock valued at $836,778,000 after acquiring an additional 2,835,684 shares during the last quarter. Finally, Parnassus Investments CA lifted its stake in shares of Applied Materials by 158.4% in the 1st quarter. Parnassus Investments CA now owns 13,693,901 shares of the manufacturing equipment provider’s stock valued at $627,455,000 after acquiring an additional 8,393,901 shares during the last quarter. 80.81% of the stock is owned by institutional investors.

Shares of Applied Materials stock traded down $2.39 during midday trading on Friday, hitting $52.04. The company had a trading volume of 20,755,933 shares, compared to its average volume of 9,805,209. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.60 and a current ratio of 2.36. The stock has a market capitalization of $49.41 billion, a P/E ratio of 17.23, a P/E/G ratio of 1.32 and a beta of 1.38. The company has a 50 day moving average of $49.40 and a 200 day moving average of $56.26. Applied Materials, Inc. has a 52-week low of $36.64 and a 52-week high of $69.44.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings results on Thursday, May 14th. The manufacturing equipment provider reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.02). The company had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $4.20 billion. Applied Materials had a return on equity of 36.15% and a net margin of 18.83%. During the same quarter in the previous year, the company earned $0.70 EPS. Equities research analysts forecast that Applied Materials, Inc. will post 3.74 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 21st will be paid a $0.22 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $0.88 annualized dividend and a dividend yield of 1.69%. This is an increase from Applied Materials’s previous quarterly dividend of $0.21. Applied Materials’s dividend payout ratio is presently 27.63%.

A number of research analysts recently issued reports on AMAT shares. Zacks Investment Research downgraded Applied Materials from a “strong-buy” rating to a “hold” rating and set a $66.00 price target on the stock. in a report on Tuesday, January 21st. Goldman Sachs Group downgraded Applied Materials from a “conviction-buy” rating to a “buy” rating in a report on Tuesday, March 24th. Wells Fargo & Co boosted their price target on Applied Materials from $60.00 to $70.00 and gave the company an “overweight” rating in a report on Friday. ValuEngine upgraded Applied Materials from a “sell” rating to a “hold” rating in a report on Thursday. Finally, DA Davidson boosted their price target on Applied Materials from $50.00 to $55.00 and gave the company a “neutral” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $67.35.

Applied Materials Company Profile

Applied Materials, Inc provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is 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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