Magnus Financial Group LLC decreased its position in Applied Materials, Inc. (NASDAQ:AMAT) by 24.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,653 shares of the manufacturing equipment provider’s stock after selling 3,139 shares during the period. Magnus Financial Group LLC’s holdings in Applied Materials were worth $434,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AMAT. Squar Milner Financial Services LLC lifted its position in shares of Applied Materials by 190.8% during the first quarter. Squar Milner Financial Services LLC now owns 698 shares of the manufacturing equipment provider’s stock worth $27,000 after acquiring an additional 458 shares in the last quarter. Princeton Global Asset Management LLC purchased a new stake in shares of Applied Materials during the first quarter worth $27,000. Next Capital Management LLC purchased a new stake in shares of Applied Materials during the second quarter worth $35,000. Horan Capital Advisors LLC. purchased a new stake in shares of Applied Materials during the first quarter worth $31,000. Finally, Sandy Spring Bank lifted its position in shares of Applied Materials by 57.4% during the second quarter. Sandy Spring Bank now owns 787 shares of the manufacturing equipment provider’s stock worth $35,000 after acquiring an additional 287 shares in the last quarter. Institutional investors and hedge funds own 75.70% of the company’s stock.

Several equities research analysts have issued reports on AMAT shares. Deutsche Bank increased their target price on Applied Materials from $44.00 to $47.00 and gave the stock a “hold” rating in a research report on Friday. Morgan Stanley upped their price target on shares of Applied Materials from $40.00 to $43.00 and gave the stock an “equal weight” rating in a report on Friday. DA Davidson cut shares of Applied Materials from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $55.00 to $45.00 in a report on Monday, July 8th. Bank of America reaffirmed a “neutral” rating and issued a $52.00 price target (up previously from $45.00) on shares of Applied Materials in a report on Friday, May 17th. Finally, Goldman Sachs Group cut shares of Applied Materials from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. Eleven equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $51.00.

AMAT traded up $0.46 during trading on Monday, reaching $47.09. The stock had a trading volume of 5,209,737 shares, compared to its average volume of 8,800,960. The stock has a market cap of $44.15 billion, a PE ratio of 10.58, a PEG ratio of 2.39 and a beta of 1.68. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.77 and a current ratio of 2.79. Applied Materials, Inc. has a one year low of $28.79 and a one year high of $52.42. The business has a 50-day moving average of $47.10 and a 200-day moving average of $42.51.

Applied Materials (NASDAQ:AMAT) last released its earnings results on Thursday, August 15th. The manufacturing equipment provider reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.04. The business had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.53 billion. Applied Materials had a return on equity of 39.83% and a net margin of 19.40%. The firm’s revenue was down 14.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.20 earnings per share. Equities research analysts forecast that Applied Materials, Inc. will post 2.96 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 22nd will be paid a $0.21 dividend. The ex-dividend date is Wednesday, August 21st. This represents a $0.84 dividend on an annualized basis and a yield of 1.78%. Applied Materials’s dividend payout ratio is presently 18.88%.

Applied Materials Profile

Applied Materials, Inc provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits.

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

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