Stratos Wealth Partners LTD. raised its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 18.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 18,885 shares of the manufacturing equipment provider’s stock after acquiring an additional 2,952 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Applied Materials were worth $1,142,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Occidental Asset Management LLC lifted its holdings in Applied Materials by 1.4% during the first quarter. Occidental Asset Management LLC now owns 15,190 shares of the manufacturing equipment provider’s stock valued at $696,000 after purchasing an additional 212 shares in the last quarter. Tarbox Family Office Inc. lifted its holdings in Applied Materials by 36.1% during the second quarter. Tarbox Family Office Inc. now owns 909 shares of the manufacturing equipment provider’s stock valued at $55,000 after purchasing an additional 241 shares in the last quarter. Ballentine Partners LLC lifted its holdings in Applied Materials by 5.2% during the first quarter. Ballentine Partners LLC now owns 5,235 shares of the manufacturing equipment provider’s stock valued at $240,000 after purchasing an additional 257 shares in the last quarter. SeaCrest Wealth Management LLC lifted its holdings in Applied Materials by 3.4% during the second quarter. SeaCrest Wealth Management LLC now owns 7,848 shares of the manufacturing equipment provider’s stock valued at $474,000 after purchasing an additional 259 shares in the last quarter. Finally, Trillium Asset Management LLC lifted its holdings in Applied Materials by 0.3% during the first quarter. Trillium Asset Management LLC now owns 77,752 shares of the manufacturing equipment provider’s stock valued at $3,563,000 after purchasing an additional 265 shares in the last quarter. 78.98% of the stock is currently owned by institutional investors and hedge funds.

In other Applied Materials news, Director Alexander Karsner sold 3,467 shares of Applied Materials stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $60.50, for a total transaction of $209,753.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.41% of the stock is owned by company insiders.

Several equities analysts have issued reports on AMAT shares. Stifel Nicolaus increased their price objective on shares of Applied Materials from $65.00 to $75.00 and gave the company a “buy” rating in a report on Friday, May 15th. ValuEngine downgraded shares of Applied Materials from a “hold” rating to a “sell” rating in a report on Wednesday, June 3rd. Zacks Investment Research downgraded shares of Applied Materials from a “buy” rating to a “hold” rating and set a $64.00 price target on the stock. in a research note on Tuesday, June 23rd. BidaskClub raised shares of Applied Materials from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 20th. Finally, Cowen raised their price target on shares of Applied Materials from $60.00 to $72.00 in a research note on Friday, May 15th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Applied Materials has an average rating of “Buy” and a consensus target price of $68.50.

Applied Materials stock opened at $64.33 on Friday. Applied Materials, Inc. has a 12-month low of $36.64 and a 12-month high of $69.44. The stock has a market cap of $59.04 billion, a P/E ratio of 20.49, a PEG ratio of 1.24 and a beta of 1.40. The company has a 50-day moving average price of $61.01 and a 200 day moving average price of $56.53. The company has a current ratio of 2.67, a quick ratio of 1.89 and a debt-to-equity ratio of 0.69.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings data on Thursday, May 14th. The manufacturing equipment provider reported $0.89 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by ($0.02). Applied Materials had a return on equity of 37.13% and a net margin of 18.89%. The firm had revenue of $3.96 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same quarter in the previous year, the business posted $0.70 earnings per share. As a group, analysts forecast that Applied Materials, Inc. will post 3.81 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Wednesday, August 19th. Applied Materials’s dividend payout ratio is presently 28.95%.

About Applied Materials

Applied Materials, Inc provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits.

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

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