Applied Materials, Inc. (NASDAQ:AMAT) Position Boosted by Xact Kapitalforvaltning AB

Xact Kapitalforvaltning AB raised its position in Applied Materials, Inc. (NASDAQ:AMAT) by 4.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 233,221 shares of the manufacturing equipment provider’s stock after buying an additional 9,066 shares during the period. Xact Kapitalforvaltning AB’s holdings in Applied Materials were worth $9,634,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. boosted its position in shares of 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 buying an additional 63,912,660 shares during the period. Egerton Capital UK LLP bought a new position in shares of Applied Materials during the first quarter valued at about $452,897,000. FMR LLC boosted its position in shares of Applied Materials by 16.8% in the first quarter. FMR LLC now owns 32,013,147 shares of the manufacturing equipment provider’s stock valued at $1,245,311,000 after buying an additional 4,604,275 shares during the last quarter. LSV Asset Management boosted its position in shares of 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 valued at $294,554,000 after buying an additional 4,561,500 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of Applied Materials by 32.9% in the first quarter. Ameriprise Financial Inc. now owns 12,887,690 shares of the manufacturing equipment provider’s stock valued at $501,248,000 after buying an additional 3,191,737 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Applied Materials, Inc. (AMAT) opened at 43.08 on Friday. The stock has a market cap of $46.30 billion, a P/E ratio of 17.82 and a beta of 1.82. The company has a 50-day moving average price of $44.26 and a 200-day moving average price of $40.97. Applied Materials, Inc. has a one year low of $27.00 and a one year high of $47.86.

Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, May 18th. The manufacturing equipment provider reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.03. The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.54 billion. Applied Materials had a net margin of 20.41% and a return on equity of 38.28%. The company’s quarterly revenue was up 44.7% on a year-over-year basis. During the same quarter last year, the business posted $0.34 earnings per share. On average, analysts anticipate that Applied Materials, Inc. will post $3.11 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 24th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend is Tuesday, August 22nd. Applied Materials’s dividend payout ratio is presently 16.46%.

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AMAT has been the topic of several research analyst reports. Bank of America Corporation reissued a “buy” rating and set a $65.00 target price (up previously from $58.00) on shares of Applied Materials in a research report on Sunday, June 11th. Vetr raised Applied Materials from a “buy” rating to a “strong-buy” rating and set a $46.48 target price on the stock in a research report on Thursday, June 29th. BidaskClub lowered Applied Materials from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. B. Riley reaffirmed a “buy” rating and set a $56.00 price target on shares of Applied Materials in a research report on Saturday, May 20th. Finally, Cowen and Company reaffirmed a “buy” rating and set a $50.00 price target on shares of Applied Materials in a research report on Friday, July 28th. Four analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $46.60.

Applied Materials Company Profile

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

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