New York State Common Retirement Fund cut its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 6.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,626,690 shares of the manufacturing equipment provider’s stock after selling 254,663 shares during the quarter. New York State Common Retirement Fund owned approximately 0.34% of Applied Materials worth $149,819,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also bought and sold shares of AMAT. BlackRock Inc. grew its stake in shares of 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 worth $2,606,676,000 after purchasing an additional 63,912,660 shares during the last quarter. Egerton Capital UK LLP bought a new stake in shares of Applied Materials in the first quarter worth about $452,897,000. FMR LLC grew its stake in shares of Applied Materials by 16.8% in the first quarter. FMR LLC now owns 32,013,147 shares of the manufacturing equipment provider’s stock worth $1,245,311,000 after purchasing an additional 4,604,275 shares during the last quarter. Swedbank bought a new stake in shares of Applied Materials in the second quarter worth about $135,363,000. Finally, Ameriprise Financial Inc. grew its stake in shares of 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 worth $501,248,000 after purchasing an additional 3,191,737 shares during the last quarter. 79.47% of the stock is currently owned by institutional investors.
Shares of Applied Materials, Inc. (AMAT) traded up 2.08% during trading on Monday, reaching $48.12. 4,242,447 shares of the company were exchanged. The firm has a market capitalization of $51.32 billion, a PE ratio of 17.11 and a beta of 1.81. The company’s 50-day moving average is $44.31 and its 200 day moving average is $42.57. Applied Materials, Inc. has a 1-year low of $27.56 and a 1-year high of $48.38.
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 Zacks’ consensus estimate of $0.84 by $0.02. The business had revenue of $3.74 billion during 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 quarterly revenue was up 32.7% on a year-over-year basis. During the same quarter last year, the company posted $0.50 earnings per share. Equities research analysts expect that Applied Materials, Inc. will post $3.20 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Friday, November 24th will be issued a $0.10 dividend. The ex-dividend date of this dividend 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 is currently 14.18%.
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Several research firms recently issued reports on AMAT. UBS AG reissued a “buy” rating and issued a $52.00 target price on shares of Applied Materials in a research note on Tuesday, June 13th. B. Riley reissued a “buy” rating and issued a $56.00 target price on shares of Applied Materials in a research note on Tuesday, July 11th. KeyCorp reissued an “outperform” rating and issued a $57.00 target price on shares of Applied Materials in a research note on Saturday. Vetr raised Applied Materials from a “buy” rating to a “strong-buy” rating and set a $48.16 target price on the stock in a research note on Thursday, August 10th. Finally, Instinet reissued a “buy” rating and issued a $50.00 target price (up from $47.00) on shares of Applied Materials in a research note on Monday, August 21st. Three analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $51.86.
In other Applied Materials news, Director Alexander Karsner sold 22,762 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $44.03, for a total value of $1,002,210.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.31% of the company’s stock.
Applied Materials Company Profile
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