Nordea Investment Management AB lifted its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 6.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 564,657 shares of the manufacturing equipment provider’s stock after buying an additional 31,790 shares during the period. Nordea Investment Management AB owned 0.05% of Applied Materials worth $23,326,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Commonwealth Bank of Australia lifted its stake in shares of Applied Materials by 2.7% during the second quarter. Commonwealth Bank of Australia now owns 87,942 shares of the manufacturing equipment provider’s stock valued at $3,632,000 after buying an additional 2,279 shares during the period. Oxford Asset Management purchased a new position in shares of Applied Materials during the first quarter valued at approximately $4,956,000. Karp Capital Management Corp purchased a new position in shares of Applied Materials during the first quarter valued at approximately $17,549,000. OMERS ADMINISTRATION Corp purchased a new position in shares of Applied Materials during the second quarter valued at approximately $2,082,000. Finally, Outfitter Advisors LTD. lifted its stake in shares of Applied Materials by 1.5% during the first quarter. Outfitter Advisors LTD. now owns 40,400 shares of the manufacturing equipment provider’s stock valued at $1,572,000 after buying an additional 600 shares during the period. 79.47% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have weighed in on AMAT shares. Zacks Investment Research downgraded shares of Applied Materials from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. Bank of America Corporation reaffirmed a “buy” rating and set a $65.00 price target (up previously from $58.00) on shares of Applied Materials in a research note on Sunday, June 11th. Morgan Stanley reaffirmed an “overweight” rating and set a $52.00 price target on shares of Applied Materials in a research note on Monday, August 14th. B. Riley reaffirmed a “buy” rating and set a $61.00 price target on shares of Applied Materials in a research note on Saturday, August 19th. Finally, Vetr raised shares of Applied Materials from a “buy” rating to a “strong-buy” rating and set a $46.48 price target on the stock in a research note on Thursday, June 29th. Two research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. Applied Materials has an average rating of “Buy” and a consensus target price of $52.69.

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In other news, Director Alexander Karsner sold 22,762 shares of Applied Materials stock in a transaction that occurred 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 document filed with the SEC, which is accessible through this link. Company insiders own 0.31% of the company’s stock.

Shares of Applied Materials, Inc. (NASDAQ:AMAT) opened at 47.77 on Monday. The company’s 50-day moving average is $44.50 and its 200-day moving average is $42.82. The firm has a market capitalization of $50.95 billion, a price-to-earnings ratio of 16.98 and a beta of 1.81. Applied Materials, Inc. has a 12-month low of $27.56 and a 12-month high of $48.53.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings results on Thursday, August 17th. The manufacturing equipment provider reported $0.86 EPS for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.02. Applied Materials had a net margin of 22.08% and a return on equity of 40.74%. The company had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same quarter last year, the firm posted $0.50 earnings per share. The company’s quarterly revenue was up 32.7% compared to the same quarter last year. On average, equities analysts forecast that Applied Materials, Inc. will post $3.20 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Friday, November 24th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Wednesday, November 22nd. Applied Materials’s dividend payout ratio is 14.18%.

Applied Materials Profile

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

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