CAPROCK Group Inc. decreased its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 0.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,549 shares of the manufacturing equipment provider’s stock after selling 45 shares during the period. CAPROCK Group Inc.’s holdings in Applied Materials were worth $312,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Fisher Asset Management LLC bought a new stake in Applied Materials during the first quarter valued at $371,000. Capital Management Corp VA increased its stake in Applied Materials by 1.8% in the first quarter. Capital Management Corp VA now owns 231,324 shares of the manufacturing equipment provider’s stock valued at $8,998,000 after buying an additional 4,076 shares in the last quarter. Oxford Asset Management bought a new stake in Applied Materials during the first quarter valued at $4,956,000. Karp Capital Management Corp bought a new stake in Applied Materials during the first quarter valued at $17,549,000. Finally, Outfitter Advisors LTD. increased its stake in Applied Materials by 1.5% in 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 in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Shares of Applied Materials, Inc. (NASDAQ AMAT) opened at 43.81 on Thursday. The stock’s 50 day moving average is $44.31 and its 200-day moving average is $40.89. Applied Materials, Inc. has a one year low of $26.41 and a one year high of $47.86. The stock has a market capitalization of $47.08 billion, a price-to-earnings ratio of 18.12 and a beta of 1.82. Applied Materials also was the recipient of some unusual options trading activity on Wednesday. Investors bought 2,307 call options on the stock. This represents an increase of approximately 118% compared to the average daily volume of 1,060 call options.

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

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

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Several analysts have recently weighed in on AMAT shares. Vetr raised shares of Applied Materials from a “hold” rating to a “buy” rating and set a $48.70 price target for the company in a research note on Monday, July 31st. DA Davidson reaffirmed a “buy” rating and set a $55.00 price target on shares of Applied Materials in a research note on Monday, July 10th. Stifel Nicolaus lifted their price target on shares of Applied Materials from $42.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, May 15th. Citigroup Inc. reaffirmed a “buy” rating and set a $50.00 price target on shares of Applied Materials in a research note on Wednesday, May 17th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $48.00 price target (up previously from $45.00) on shares of Applied Materials in a research note on Friday, May 19th. Four analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $46.62.

About Applied Materials

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

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