Cibc World Markets Corp increased its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 48.5% during the first quarter, Holdings Channel reports. The firm owned 118,265 shares of the manufacturing equipment provider’s stock after buying an additional 38,649 shares during the period. Cibc World Markets Corp’s holdings in Applied Materials were worth $4,601,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Shelton Capital Management raised its position in Applied Materials by 5.8% in the fourth quarter. Shelton Capital Management now owns 180,204 shares of the manufacturing equipment provider’s stock valued at $5,815,000 after buying an additional 9,800 shares during the period. Employees Retirement System of Texas raised its position in Applied Materials by 13.9% in the fourth quarter. Employees Retirement System of Texas now owns 552,200 shares of the manufacturing equipment provider’s stock valued at $17,819,000 after buying an additional 67,200 shares during the period. First Allied Advisory Services Inc. raised its position in Applied Materials by 4.7% in the fourth quarter. First Allied Advisory Services Inc. now owns 42,437 shares of the manufacturing equipment provider’s stock valued at $1,369,000 after buying an additional 1,918 shares during the period. Diligent Investors LLC bought a new position in Applied Materials during the fourth quarter valued at about $609,000. Finally, Advisory Research Inc. bought a new position in Applied Materials during the fourth quarter valued at about $2,609,000. Institutional investors own 80.46% of the company’s stock.

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

Shares of Applied Materials, Inc. (NASDAQ AMAT) opened at 44.09 on Friday. Applied Materials, Inc. has a 12 month low of $22.17 and a 12 month high of $47.86. The stock has a market cap of $47.38 billion, a price-to-earnings ratio of 18.23 and a beta of 1.81. The company has a 50-day moving average price of $44.26 and a 200-day moving average price of $38.08.

Applied Materials (NASDAQ:AMAT) last announced its earnings results on Thursday, May 18th. The manufacturing equipment provider reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.03. Applied Materials had a return on equity of 38.28% and a net margin of 20.41%. The company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.54 billion. During the same period last year, the business posted $0.34 EPS. The company’s revenue was up 44.7% on a year-over-year basis. On average, analysts expect that Applied Materials, Inc. will post $3.08 EPS for the current fiscal year.

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

TRADEMARK VIOLATION NOTICE: “Cibc World Markets Corp Has $4.60 Million Position in Applied Materials, Inc. (AMAT)” was published by Watch List News and is the sole property of of Watch List News. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be accessed at https://www.watchlistnews.com/cibc-world-markets-corp-has-4-60-million-position-in-applied-materials-inc-amat/1389877.html.

Several equities analysts have issued reports on the company. Bank of America Corporation reiterated a “buy” rating and issued a $54.00 target price (up previously from $45.00) on shares of Applied Materials in a research note on Wednesday, May 17th. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $40.00 target price (up previously from $35.00) on shares of Applied Materials in a research note on Wednesday, May 17th. Citigroup Inc. reiterated a “buy” rating and issued a $50.00 target price on shares of Applied Materials in a research note on Wednesday, May 17th. B. Riley reiterated a “buy” rating and issued a $56.00 target price on shares of Applied Materials in a research note on Thursday, May 25th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $48.00 target price (up previously from $45.00) on shares of Applied Materials in a research note on Friday, May 19th. Four research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $44.89.

Applied Materials Company Profile

Want to see what other hedge funds are holding AMAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Applied Materials, Inc. (NASDAQ:AMAT).

Receive News & Ratings for Applied Materials Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Materials Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.