Gotham Asset Management LLC boosted its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 5.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,192,184 shares of the manufacturing equipment provider’s stock after buying an additional 66,366 shares during the period. Applied Materials makes up about 0.7% of Gotham Asset Management LLC’s portfolio, making the stock its 12th largest position. Gotham Asset Management LLC owned approximately 0.11% of Applied Materials worth $49,249,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bessemer Group Inc. raised its holdings in Applied Materials by 145.4% during the second quarter. Bessemer Group Inc. now owns 3,067 shares of the manufacturing equipment provider’s stock worth $126,000 after buying an additional 1,817 shares during the last quarter. Hanson McClain Inc. raised its holdings in Applied Materials by 4.3% during the first quarter. Hanson McClain Inc. now owns 3,360 shares of the manufacturing equipment provider’s stock worth $131,000 after buying an additional 139 shares during the last quarter. First Interstate Bank raised its holdings in Applied Materials by 7.0% during the first quarter. First Interstate Bank now owns 3,528 shares of the manufacturing equipment provider’s stock worth $137,000 after buying an additional 232 shares during the last quarter. TrimTabs Asset Management LLC raised its holdings in Applied Materials by 88.7% during the first quarter. TrimTabs Asset Management LLC now owns 3,556 shares of the manufacturing equipment provider’s stock worth $138,000 after buying an additional 1,672 shares during the last quarter. Finally, D. Scott Neal Inc. acquired a new position in Applied Materials during the second quarter worth $146,000. Hedge funds and other institutional investors own 79.47% of the company’s stock.

Shares of Applied Materials, Inc. (NASDAQ:AMAT) traded down 0.4351% during trading on Thursday, reaching $51.3755. 5,405,905 shares of the company’s stock were exchanged. The firm has a market cap of $54.79 billion, a price-to-earnings ratio of 18.2636 and a beta of 1.86. Applied Materials, Inc. has a 12 month low of $27.56 and a 12 month high of $52.63. The stock has a 50-day moving average price of $46.35 and a 200 day moving average price of $43.68. Applied Materials also was the target of some unusual options trading on Wednesday. Stock traders purchased 2,307 call options on the company. This represents an increase of 118% compared to the average daily volume of 1,060 call options.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings results on Thursday, August 17th. The manufacturing equipment provider reported $0.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.02. The business had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.69 billion. Applied Materials had a return on equity of 40.74% and a net margin of 22.08%. The business’s quarterly revenue was up 32.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.50 EPS. On average, analysts forecast that Applied Materials, Inc. will post $3.20 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Friday, November 24th will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.78%. Applied Materials’s dividend payout ratio is currently 14.18%.

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Several research analysts have weighed in on AMAT shares. B. Riley restated a “buy” rating and set a $56.00 price objective on shares of Applied Materials in a report on Tuesday, July 11th. DA Davidson restated a “buy” rating and set a $55.00 price objective on shares of Applied Materials in a report on Monday, July 10th. Vetr upgraded shares of Applied Materials from a “hold” rating to a “buy” rating and set a $45.72 price objective on the stock in a report on Thursday, June 22nd. UBS AG restated a “buy” rating and set a $52.00 price objective on shares of Applied Materials in a report on Tuesday, June 13th. Finally, Bank of America Corporation restated a “buy” rating and set a $65.00 price objective (up previously from $58.00) on shares of Applied Materials in a report on Sunday, June 11th. Three analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. Applied Materials presently has a consensus rating of “Buy” and an average target price of $56.01.

In other Applied Materials news, Director Alexander Karsner sold 22,762 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $44.03, for a total transaction of $1,002,210.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.31% of the company’s stock.

About Applied Materials

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

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