Sii Investments Inc. WI Has $296,000 Holdings in Applied Materials, Inc. (AMAT)

Sii Investments Inc. WI decreased its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 4.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,211 shares of the manufacturing equipment provider’s stock after selling 315 shares during the period. Sii Investments Inc. WI’s holdings in Applied Materials were worth $296,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Fred Alger Management Inc. lifted its stake in Applied Materials by 69.3% during the second quarter. Fred Alger Management Inc. now owns 3,870,201 shares of the manufacturing equipment provider’s stock worth $159,878,000 after purchasing an additional 1,583,748 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co lifted its stake in Applied Materials by 211.4% during the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 38,300 shares of the manufacturing equipment provider’s stock worth $1,582,000 after purchasing an additional 26,000 shares during the period. Capital Research Global Investors lifted its stake in Applied Materials by 14.8% during the second quarter. Capital Research Global Investors now owns 17,724,836 shares of the manufacturing equipment provider’s stock worth $732,213,000 after purchasing an additional 2,284,836 shares during the period. Boston Common Asset Management LLC bought a new position in Applied Materials during the second quarter worth about $2,356,000. Finally, GLG Partners LP lifted its stake in Applied Materials by 132.5% during the second quarter. GLG Partners LP now owns 336,498 shares of the manufacturing equipment provider’s stock worth $13,900,000 after purchasing an additional 191,742 shares during the period. Hedge funds and other institutional investors own 79.47% of the company’s stock.

In other Applied Materials news, VP Thomas F. Larkins sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $51.24, for a total value of $1,537,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alexander Karsner sold 22,762 shares of the company’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Corporate insiders own 0.31% of the company’s stock.

A number of brokerages have commented on AMAT. B. Riley restated a “buy” rating and set a $56.00 price target on shares of Applied Materials in a research note on Tuesday, July 11th. UBS AG restated a “buy” rating and set a $52.00 price target on shares of Applied Materials in a research note on Tuesday, June 13th. Vetr upgraded shares of Applied Materials from a “buy” rating to a “strong-buy” rating and set a $48.16 price target for the company in a research note on Thursday, August 10th. Zacks Investment Research cut shares of Applied Materials from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. Finally, Stifel Nicolaus restated a “buy” rating and set a $61.00 price target (up previously from $55.00) on shares of Applied Materials in a research note on Friday, August 18th. Three equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $56.01.

Applied Materials, Inc. (AMAT) opened at 52.40 on Friday. The company has a market capitalization of $55.88 billion, a PE ratio of 18.63 and a beta of 1.86. The firm has a 50-day moving average of $46.81 and a 200-day moving average of $43.82. Applied Materials, Inc. has a 52 week low of $27.56 and a 52 week high of $52.63.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings results on Thursday, August 17th. The manufacturing equipment provider reported $0.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same period in the prior year, the company posted $0.50 EPS. The company’s revenue was up 32.7% on a year-over-year basis. Equities analysts expect that Applied Materials, Inc. will post $3.20 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Friday, November 24th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Wednesday, November 22nd. Applied Materials’s dividend payout ratio (DPR) is currently 14.18%.

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Applied Materials Company Profile

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

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