Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 175.0% during the second quarter, Holdings Channel reports. The institutional investor owned 5,500 shares of the manufacturing equipment provider’s stock after buying an additional 3,500 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Applied Materials were worth $227,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Reilly Financial Advisors LLC increased its stake 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 in the last quarter. State of Alaska Department of Revenue bought a new stake in Applied Materials during the first quarter worth approximately $114,000. James Investment Research Inc. increased its stake 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 in the last quarter. Clean Yield Group bought a new stake in Applied Materials during the first quarter worth approximately $124,000. Finally, Bessemer Group Inc. increased its stake in Applied Materials by 145.4% in the second quarter. Bessemer Group Inc. now owns 3,067 shares of the manufacturing equipment provider’s stock worth $126,000 after buying an additional 1,817 shares in the last quarter. Institutional investors and hedge funds own 79.33% of the company’s stock.

Applied Materials, Inc. (NASDAQ:AMAT) opened at 43.88 on Wednesday. The firm has a market capitalization of $47.15 billion, a PE ratio of 18.15 and a beta of 1.82. Applied Materials, Inc. has a 12 month low of $26.86 and a 12 month high of $47.86. The company’s 50-day moving average price is $44.27 and its 200 day moving average price is $41.20.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings results on Thursday, May 18th. The manufacturing equipment provider reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.03. The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.54 billion. Applied Materials had a return on equity of 38.28% and a net margin of 20.41%. The company’s quarterly revenue was up 44.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.34 EPS. On average, equities research analysts predict that Applied Materials, Inc. will post $3.11 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 24th will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, August 22nd. This represents a $0.40 dividend on an annualized basis and a yield of 0.91%. Applied Materials’s dividend payout ratio (DPR) is currently 16.46%.

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A number of equities research analysts recently commented on the company. Zacks Investment Research downgraded Applied Materials from a “buy” rating to a “hold” rating in a report on Monday. Bank of America Corporation reiterated a “buy” rating and issued a $65.00 price objective (up previously from $58.00) on shares of Applied Materials in a report on Sunday, June 11th. Morgan Stanley reiterated an “overweight” rating and issued a $52.00 price objective on shares of Applied Materials in a report on Monday. Vetr upgraded Applied Materials from a “buy” rating to a “strong-buy” rating and set a $46.48 price target for the company in a report on Thursday, June 29th. Finally, BidaskClub downgraded Applied Materials from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 2nd. Five analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $46.60.

About Applied Materials

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

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