Atlas Brown Inc. held its stake in Applied Materials, Inc. (NASDAQ:AMAT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,615 shares of the manufacturing equipment provider’s stock at the end of the second quarter. Atlas Brown Inc.’s holdings in Applied Materials were worth $273,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Applied Materials by 3.4% in the first quarter. Vanguard Group Inc. now owns 73,362,409 shares of the manufacturing equipment provider’s stock valued at $2,853,797,000 after buying an additional 2,441,471 shares during the last quarter. BlackRock Inc. boosted its stake in 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 valued at $2,606,676,000 after buying an additional 63,912,660 shares during the last quarter. FMR LLC boosted its stake in 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. Ameriprise Financial Inc. boosted its stake in 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. Finally, Egerton Capital UK LLP acquired a new stake in Applied Materials during the first quarter valued at $452,897,000. 79.33% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Applied Materials, Inc. (AMAT) traded up 2.74% during mid-day trading on Friday, hitting $44.30. The company had a trading volume of 20,996,205 shares. The company has a market capitalization of $47.61 billion, a price-to-earnings ratio of 18.32 and a beta of 1.82. The company has a 50-day moving average price of $44.44 and a 200-day moving average price of $41.31. Applied Materials, Inc. has a 1-year low of $27.56 and a 1-year high of $47.86.
Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings results on Thursday, August 17th. The manufacturing equipment provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.02. The firm had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Applied Materials had a net margin of 20.41% and a return on equity of 38.28%. The firm’s revenue for the quarter was up 32.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.50 earnings per share. On average, equities analysts anticipate that Applied Materials, Inc. will post $3.12 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 given a dividend of $0.10 per share. The ex-dividend date is Tuesday, August 22nd. This represents a $0.40 annualized dividend and a yield of 0.90%. Applied Materials’s payout ratio is currently 16.46%.
Several equities analysts have recently commented on the company. Zacks Investment Research lowered Applied Materials from a “buy” rating to a “hold” rating in a research report on Monday. Bank of America Corporation reiterated a “buy” rating and set a $65.00 price objective (up from $58.00) on shares of Applied Materials in a research report on Sunday, June 11th. Morgan Stanley reiterated an “overweight” rating and set a $52.00 price objective on shares of Applied Materials in a research report on Monday. Vetr upgraded Applied Materials from a “buy” rating to a “strong-buy” rating and set a $46.48 price objective on the stock in a research report on Thursday, June 29th. Finally, BidaskClub lowered Applied Materials from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. Five research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Applied Materials presently has an average rating of “Buy” and a consensus price target of $42.40.
About Applied Materials
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