Honkamp Krueger Financial Services Inc. raised its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 0.5% during the second quarter, Holdings Channel reports. The firm owned 20,921 shares of the manufacturing equipment provider’s stock after buying an additional 97 shares during the period. Honkamp Krueger Financial Services Inc.’s holdings in Applied Materials were worth $864,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AMAT. Hartwell J M Limited Partnership boosted its stake in shares of Applied Materials by 18.4% in the first quarter. Hartwell J M Limited Partnership now owns 41,100 shares of the manufacturing equipment provider’s stock worth $1,599,000 after buying an additional 6,400 shares during the period. Pinnacle Bank acquired a new stake in shares of Applied Materials during the first quarter worth approximately $113,000. Fox Run Management L.L.C. acquired a new stake in shares of Applied Materials during the first quarter worth approximately $568,000. Eastern Bank boosted 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 period. Finally, Atria Investments LLC boosted its stake in Applied Materials by 21.9% in the first quarter. Atria Investments LLC now owns 14,643 shares of the manufacturing equipment provider’s stock valued at $570,000 after buying an additional 2,631 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Applied Materials, Inc. (NASDAQ:AMAT) opened at 43.81 on Thursday. Applied Materials, Inc. has a 1-year low of $26.41 and a 1-year high of $47.86. The stock has a market cap of $47.08 billion, a price-to-earnings ratio of 18.12 and a beta of 1.82. The stock has a 50 day moving average of $44.31 and a 200 day moving average of $40.89. Applied Materials also was the target of some unusual options trading on Wednesday. Traders purchased 2,307 call options on the stock. This is an increase of 118% compared to the average volume of 1,060 call options.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings results on Thursday, May 18th. The manufacturing equipment provider reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 return on equity of 38.28% and a net margin of 20.41%. The business’s revenue was up 44.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.34 EPS. Equities analysts expect that Applied Materials, Inc. will post $3.11 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 24th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend is Tuesday, August 22nd. Applied Materials’s dividend payout ratio is currently 16.46%.

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Several equities research analysts recently issued reports on AMAT shares. Vetr upgraded shares of Applied Materials from a “hold” rating to a “buy” rating and set a $48.70 price objective for the company in a research report on Monday, July 31st. DA Davidson restated a “buy” rating and set a $55.00 price objective on shares of Applied Materials in a research report on Monday, July 10th. Stifel Nicolaus raised their price objective on shares of Applied Materials from $42.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, May 15th. Citigroup Inc. restated a “buy” rating and set a $50.00 price objective on shares of Applied Materials in a research report on Wednesday, May 17th. Finally, Deutsche Bank AG restated a “buy” rating and set a $48.00 price objective (up from $45.00) on shares of Applied Materials in a research report on Friday, May 19th. Four analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $46.62.

Applied Materials Company Profile

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

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