Richard Bernstein Advisors LLC Continues to Hold Position in Applied Materials, Inc. (NASDAQ:AMAT)

Richard Bernstein Advisors LLC maintained its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 114,709 shares of the manufacturing equipment provider’s stock at the end of the first quarter. Richard Bernstein Advisors LLC’s holdings in Applied Materials were worth $4,462,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Private Advisor Group LLC increased its position in shares of Applied Materials by 17.1% in the first quarter. Private Advisor Group LLC now owns 28,906 shares of the manufacturing equipment provider’s stock worth $1,101,000 after buying an additional 4,216 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in Applied Materials by 3,152.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 8,130 shares of the manufacturing equipment provider’s stock worth $316,000 after buying an additional 7,880 shares during the last quarter. Nordea Investment Management AB boosted its stake in Applied Materials by 6.8% in the first quarter. Nordea Investment Management AB now owns 532,867 shares of the manufacturing equipment provider’s stock worth $20,729,000 after buying an additional 34,032 shares during the last quarter. Pacer Advisors Inc. raised its stake in Applied Materials by 21.3% in the first quarter. Pacer Advisors Inc. now owns 40,393 shares of the manufacturing equipment provider’s stock worth $1,571,000 after buying an additional 7,099 shares during the last quarter. Finally, San Francisco Sentry Investment Group CA purchased a new stake in Applied Materials during the first quarter valued at approximately $455,000. Institutional investors own 79.78% of the company’s stock.

Applied Materials, Inc. (NASDAQ AMAT) traded up 0.07% during mid-day trading on Monday, hitting $46.15. The stock had a trading volume of 7,656,059 shares. Applied Materials, Inc. has a one year low of $25.68 and a one year high of $47.86. The firm has a market capitalization of $49.59 billion, a price-to-earnings ratio of 19.09 and a beta of 1.81. The stock’s 50 day moving average price is $44.46 and its 200 day moving average price is $38.54.

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

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 24th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Tuesday, August 22nd. Applied Materials’s payout ratio is presently 16.46%.

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Several research firms have issued reports on AMAT. B. Riley reaffirmed a “buy” rating and set a $56.00 price objective on shares of Applied Materials in a report on Sunday. Vetr cut shares of Applied Materials from a “buy” rating to a “hold” rating and set a $46.48 price target for the company. in a research report on Tuesday, July 11th. Bank of America Corporation restated a “buy” rating and issued a $54.00 price objective (up previously from $45.00) on shares of Applied Materials in a report on Wednesday, May 17th. Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $40.00 price target (up previously from $35.00) on shares of Applied Materials in a report on Wednesday, May 17th. Finally, UBS AG restated a “buy” rating and set a $51.00 price objective (up previously from $44.00) on shares of Applied Materials in a research report on Wednesday, May 17th. Four research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Applied Materials has an average rating of “Buy” and a consensus price target of $46.56.

Applied Materials Company Profile

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

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