Capital Research Global Investors boosted its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 14.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,724,836 shares of the manufacturing equipment provider’s stock after purchasing an additional 2,284,836 shares during the quarter. Capital Research Global Investors owned approximately 1.65% of Applied Materials worth $732,213,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. State of Wisconsin Investment Board raised its stake in Applied Materials by 17.2% during the first quarter. State of Wisconsin Investment Board now owns 1,096,953 shares of the manufacturing equipment provider’s stock worth $42,671,000 after purchasing an additional 161,225 shares during the period. Thompson Davis & CO. Inc. boosted its holdings in shares of Applied Materials by 3.8% in the 1st quarter. Thompson Davis & CO. Inc. now owns 6,748 shares of the manufacturing equipment provider’s stock valued at $262,000 after purchasing an additional 249 shares during the last quarter. Mutual of America Capital Management LLC boosted its holdings in shares of Applied Materials by 5.6% in the 1st quarter. Mutual of America Capital Management LLC now owns 207,721 shares of the manufacturing equipment provider’s stock valued at $8,080,000 after purchasing an additional 11,002 shares during the last quarter. Outfitter Advisors LTD. boosted its holdings in shares of Applied Materials by 1.5% in the 1st quarter. Outfitter Advisors LTD. now owns 40,400 shares of the manufacturing equipment provider’s stock valued at $1,572,000 after purchasing an additional 600 shares during the last quarter. Finally, Pitcairn Co. boosted its holdings in shares of Applied Materials by 5.7% in the 1st quarter. Pitcairn Co. now owns 29,266 shares of the manufacturing equipment provider’s stock valued at $1,139,000 after purchasing an additional 1,580 shares during the last quarter. Hedge funds and other institutional investors own 79.47% of the company’s stock.

A number of analysts have recently commented on AMAT shares. Stifel Nicolaus restated a “buy” rating on shares of Applied Materials in a report on Sunday. B. Riley reaffirmed a “buy” rating and issued a $63.00 target price on shares of Applied Materials in a research report on Saturday. Instinet reiterated a “buy” rating and issued a $55.00 target price (up previously from $50.00) on shares of Applied Materials in a report on Saturday. Evercore ISI reiterated an “outperform” rating and issued a $65.00 target price (up previously from $56.00) on shares of Applied Materials in a report on Saturday. Finally, Nomura boosted their price target on Applied Materials from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Friday. Three analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $55.31.

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In other Applied Materials news, Director Alexander Karsner sold 22,762 shares of the business’s stock in a transaction on Wednesday, August 23rd. The stock was 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 available at this link. Insiders own 0.31% of the company’s stock.

Shares of Applied Materials, Inc. (NASDAQ:AMAT) traded down 1.08% during mid-day trading on Tuesday, reaching $51.52. The company’s stock had a trading volume of 3,899,799 shares. Applied Materials, Inc. has a 12 month low of $27.56 and a 12 month high of $52.63. The company has a 50 day moving average of $45.90 and a 200-day moving average of $43.53. The firm has a market capitalization of $54.95 billion, a P/E ratio of 18.31 and a beta of 1.86.

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, topping the Zacks’ consensus estimate of $0.84 by $0.02. The business had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.69 billion. Applied Materials had a return on equity of 40.74% and a net margin of 22.08%. Applied Materials’s revenue for the quarter was up 32.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.50 EPS. Equities research analysts forecast that Applied Materials, Inc. will post $3.20 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Friday, November 24th will be given a $0.10 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $0.40 annualized dividend and a yield of 0.77%. Applied Materials’s payout ratio is 14.18%.

Applied Materials Profile

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

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