BLB&B Advisors LLC held its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,910 shares of the manufacturing equipment provider’s stock at the end of the second quarter. BLB&B Advisors LLC’s holdings in Applied Materials were worth $230,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the stock. Reilly Financial Advisors LLC boosted its position in Applied Materials by 78.0% in the first quarter. Reilly Financial Advisors LLC now owns 2,692 shares of the manufacturing equipment provider’s stock worth $105,000 after buying an additional 1,180 shares during the period. Pinnacle Bank acquired a new position in Applied Materials during the first quarter worth approximately $113,000. State of Alaska Department of Revenue acquired a new position in Applied Materials during the first quarter worth approximately $114,000. James Investment Research Inc. boosted its position in Applied Materials by 90.6% in the first quarter. James Investment Research Inc. now owns 3,050 shares of the manufacturing equipment provider’s stock worth $119,000 after buying an additional 1,450 shares during the period. Finally, Clean Yield Group acquired a new position in Applied Materials during the first quarter worth approximately $124,000. 79.33% of the stock is owned by hedge funds and other institutional investors.
Shares of Applied Materials, Inc. (NASDAQ:AMAT) traded up 2.74% during mid-day trading on Friday, hitting $44.30. The stock had a trading volume of 20,996,205 shares. The stock’s 50-day moving average price is $44.44 and its 200-day moving average price is $41.31. The firm has a market cap of $47.45 billion, a PE ratio of 15.75 and a beta of 1.82. Applied Materials, Inc. has a 52-week low of $27.56 and a 52-week high of $47.86.
Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, August 17th. The manufacturing equipment provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.02. The company had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.69 billion. Applied Materials had a net margin of 22.08% and a return on equity of 42.08%. Applied Materials’s quarterly revenue was up 32.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.50 EPS. On average, analysts anticipate that Applied Materials, Inc. will post $3.12 earnings per share for the current fiscal 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 issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Tuesday, August 22nd. Applied Materials’s dividend payout ratio is currently 14.18%.
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A number of equities analysts have recently commented on the company. Vetr raised Applied Materials from a “hold” rating to a “buy” rating and set a $48.70 price target for the company in a report on Monday, July 24th. B. Riley reissued a “buy” rating and set a $56.00 price target on shares of Applied Materials in a report on Sunday, July 16th. Cowen and Company restated a “buy” rating and set a $50.00 price objective on shares of Applied Materials in a research report on Friday, July 28th. Bank of America Corporation restated a “buy” rating and set a $54.00 price objective (up previously from $45.00) on shares of Applied Materials in a research report on Wednesday, May 17th. Finally, Susquehanna Bancshares Inc restated a “neutral” rating and set a $40.00 price objective (up previously from $35.00) on shares of Applied Materials in a research report on Wednesday, May 17th. Five investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Applied Materials presently has an average rating of “Buy” and a consensus price target of $43.34.
Applied Materials Company Profile
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