UBS Oconnor LLC bought a new position in Applied Materials, Inc. (NASDAQ:AMAT) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 198,767 shares of the manufacturing equipment provider’s stock, valued at approximately $8,211,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. UBS Asset Management Americas Inc. boosted its holdings in shares of Applied Materials by 37.7% during the first quarter. UBS Asset Management Americas Inc. now owns 5,994,886 shares of the manufacturing equipment provider’s stock worth $233,201,000 after purchasing an additional 1,640,542 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Applied Materials by 32.9% during 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 period. Toronto Dominion Bank boosted its holdings in shares of Applied Materials by 61.1% during the first quarter. Toronto Dominion Bank now owns 315,916 shares of the manufacturing equipment provider’s stock worth $12,291,000 after purchasing an additional 119,777 shares during the period. Evanston Investments Inc. dba Evanston Advisors acquired a new stake in shares of Applied Materials during the first quarter worth approximately $235,000. Finally, Advantage Investment Management LLC boosted its holdings in shares of Applied Materials by 907.3% during the first quarter. Advantage Investment Management LLC now owns 6,074 shares of the manufacturing equipment provider’s stock worth $236,000 after purchasing an additional 5,471 shares during the period. Institutional investors own 79.47% of the company’s stock.

In other Applied Materials news, Director Alexander Karsner sold 22,762 shares of the stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $44.03, for a total transaction of $1,002,210.86. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.31% of the stock is owned by company insiders.

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Shares of Applied Materials, Inc. (NASDAQ AMAT) traded up 2.90% during trading on Friday, reaching $52.09. 21,008,733 shares of the company were exchanged. The stock has a market capitalization of $55.55 billion, a price-to-earnings ratio of 18.52 and a beta of 1.81. Applied Materials, Inc. has a one year low of $27.56 and a one year high of $52.28. The company has a 50 day moving average price of $44.50 and a 200-day moving average price of $42.82.

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 consensus estimate of $0.84 by $0.02. Applied Materials had a return on equity of 40.74% and a net margin of 22.08%. The business had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter last year, the firm posted $0.50 EPS. The company’s quarterly revenue was up 32.7% on a year-over-year basis. Equities analysts predict that Applied Materials, Inc. will post $3.20 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Friday, November 24th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Wednesday, November 22nd. Applied Materials’s payout ratio is 14.18%.

Several analysts recently commented on the stock. KeyCorp restated a “buy” rating and set a $59.00 price target on shares of Applied Materials in a report on Friday. Nomura raised their price target on shares of Applied Materials from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Friday. B. Riley restated a “buy” rating and set a $61.00 price target on shares of Applied Materials in a report on Wednesday, September 20th. Needham & Company LLC restated a “buy” rating and set a $54.00 price target on shares of Applied Materials in a report on Monday, September 25th. Finally, DA Davidson restated a “buy” rating and set a $55.00 price target on shares of Applied Materials in a report on Monday, September 25th. Three equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. Applied Materials presently has an average rating of “Buy” and a consensus price target of $53.92.

Applied Materials Company Profile

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

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