Stephens Inc. AR reduced its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 15.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,173 shares of the manufacturing equipment provider’s stock after selling 4,377 shares during the period. Stephens Inc. AR’s holdings in Applied Materials were worth $999,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Applied Materials by 3.4% during the first quarter. Vanguard Group Inc. now owns 73,362,409 shares of the manufacturing equipment provider’s stock worth $2,853,797,000 after acquiring an additional 2,441,471 shares in the last quarter. BlackRock Inc. lifted its holdings in Applied Materials by 2,063.7% during the first quarter. BlackRock Inc. now owns 67,009,706 shares of the manufacturing equipment provider’s stock worth $2,606,676,000 after acquiring an additional 63,912,660 shares in the last quarter. FMR LLC lifted its holdings in Applied Materials by 16.8% during the first quarter. FMR LLC now owns 32,013,147 shares of the manufacturing equipment provider’s stock worth $1,245,311,000 after acquiring an additional 4,604,275 shares in the last quarter. Egerton Capital UK LLP lifted its holdings in Applied Materials by 18.0% during the second quarter. Egerton Capital UK LLP now owns 13,734,934 shares of the manufacturing equipment provider’s stock worth $567,390,000 after acquiring an additional 2,092,326 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Applied Materials by 32.9% during the first quarter. Ameriprise Financial Inc. now owns 12,887,690 shares of the manufacturing equipment provider’s stock worth $501,248,000 after acquiring an additional 3,191,737 shares in the last quarter. Hedge funds and other institutional investors own 79.67% of the company’s stock.
Shares of Applied Materials, Inc. (AMAT) opened at 47.14 on Friday. Applied Materials, Inc. has a one year low of $27.56 and a one year high of $47.86. The stock has a 50 day moving average price of $44.31 and a 200-day moving average price of $42.57. The company has a market capitalization of $50.27 billion, a price-to-earnings ratio of 16.76 and a beta of 1.81.
Applied Materials (NASDAQ:AMAT) last released its quarterly earnings data on Thursday, August 17th. The manufacturing equipment provider reported $0.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.02. The company had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.69 billion. Applied Materials had a net margin of 22.08% and a return on equity of 40.74%. The business’s revenue was up 32.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.50 EPS. On average, equities research analysts expect that Applied Materials, Inc. will post $3.20 EPS for the current year.
The business also recently disclosed 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. The ex-dividend date is Wednesday, November 22nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.85%. Applied Materials’s dividend payout ratio (DPR) is presently 14.18%.
In other news, Director Alexander Karsner sold 22,762 shares of the stock in a transaction dated 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 accessible through the SEC website. 0.31% of the stock is owned by corporate insiders.
Several research firms have weighed in on AMAT. KeyCorp reiterated an “outperform” rating and set a $57.00 target price on shares of Applied Materials in a report on Saturday. Vetr lowered Applied Materials from a “buy” rating to a “hold” rating and set a $47.76 target price on the stock. in a report on Friday. Morgan Stanley reiterated an “overweight” rating on shares of Applied Materials in a report on Thursday. Goldman Sachs Group, Inc. (The) upgraded Applied Materials from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $49.00 to $52.00 in a report on Wednesday. Finally, Credit Suisse Group reiterated a “buy” rating on shares of Applied Materials in a report on Tuesday, August 29th. Four analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $51.55.
Applied Materials Profile
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