Retirement Systems of Alabama lowered its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 0.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 521,043 shares of the manufacturing equipment provider’s stock after selling 928 shares during the period. Retirement Systems of Alabama’s holdings in Applied Materials were worth $21,524,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in AMAT. Regentatlantic Capital LLC raised its stake in shares of Applied Materials by 0.3% in the first quarter. Regentatlantic Capital LLC now owns 18,738 shares of the manufacturing equipment provider’s stock worth $729,000 after buying an additional 58 shares during the last quarter. ELM Advisors LLC bought a new stake in shares of Applied Materials during the first quarter worth $224,000. Inverness Counsel LLC NY raised its stake in shares of Applied Materials by 37.7% in the first quarter. Inverness Counsel LLC NY now owns 332,570 shares of the manufacturing equipment provider’s stock worth $12,561,000 after buying an additional 91,100 shares during the last quarter. Atria Investments LLC raised its stake in shares of Applied Materials by 21.9% in the first quarter. Atria Investments LLC now owns 14,643 shares of the manufacturing equipment provider’s stock worth $570,000 after buying an additional 2,631 shares during the last quarter. Finally, Eastern Bank raised its stake in shares of Applied Materials by 5.2% in the first quarter. Eastern Bank now owns 6,842 shares of the manufacturing equipment provider’s stock worth $266,000 after buying an additional 340 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Shares of Applied Materials, Inc. (NASDAQ AMAT) opened at 43.08 on Friday. The firm’s 50-day moving average is $44.26 and its 200 day moving average is $40.97. The stock has a market cap of $46.30 billion, a P/E ratio of 17.82 and a beta of 1.82. Applied Materials, Inc. has a 52-week low of $27.00 and a 52-week high of $47.86.

Applied Materials (NASDAQ:AMAT) last announced its earnings results on Thursday, May 18th. The manufacturing equipment provider reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.03. The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.54 billion. Applied Materials had a net margin of 20.41% and a return on equity of 38.28%. The company’s revenue for the quarter was up 44.7% compared to the same quarter last year. During the same period last year, the firm posted $0.34 earnings per share. Analysts forecast that Applied Materials, Inc. will post $3.11 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 24th will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $0.40 dividend on an annualized basis and a yield of 0.93%. Applied Materials’s dividend payout ratio (DPR) is 16.46%.

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A number of equities research analysts recently weighed in on AMAT shares. Vetr lowered shares of Applied Materials from a “strong-buy” rating to a “buy” rating and set a $42.81 price objective for the company. in a report on Wednesday, April 19th. Royal Bank Of Canada reissued a “hold” rating and set a $35.00 target price on shares of Applied Materials in a research report on Tuesday, April 25th. B. Riley reissued a “buy” rating and set a $44.00 target price on shares of Applied Materials in a research report on Monday, May 15th. Needham & Company LLC raised their target price on shares of Applied Materials from $43.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, May 15th. Finally, Stifel Nicolaus raised their target price on shares of Applied Materials from $42.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, May 15th. Four research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. Applied Materials has an average rating of “Buy” and an average price target of $46.60.

Applied Materials Company Profile

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

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