Martingale Asset Management L P lifted its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 7.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 141,641 shares of the manufacturing equipment provider’s stock after buying an additional 9,625 shares during the period. Martingale Asset Management L P’s holdings in Applied Materials were worth $6,543,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of AMAT. Shine Investment Advisory Services Inc. boosted its position in shares of Applied Materials by 368.3% during the first quarter. Shine Investment Advisory Services Inc. now owns 2,056 shares of the manufacturing equipment provider’s stock worth $114,000 after buying an additional 1,617 shares during the period. Kaizen Advisory LLC boosted its position in shares of Applied Materials by 147.4% during the second quarter. Kaizen Advisory LLC now owns 2,561 shares of the manufacturing equipment provider’s stock worth $118,000 after buying an additional 1,526 shares during the period. Rational Advisors LLC boosted its position in shares of Applied Materials by 5,102.0% during the second quarter. Rational Advisors LLC now owns 2,601 shares of the manufacturing equipment provider’s stock worth $120,000 after buying an additional 2,551 shares during the period. AdvisorNet Financial Inc boosted its position in shares of Applied Materials by 127.1% during the second quarter. AdvisorNet Financial Inc now owns 3,054 shares of the manufacturing equipment provider’s stock worth $141,000 after buying an additional 1,709 shares during the period. Finally, Whittier Trust Co. boosted its position in shares of Applied Materials by 24.3% during the second quarter. Whittier Trust Co. now owns 6,281 shares of the manufacturing equipment provider’s stock worth $142,000 after buying an additional 1,228 shares during the period. 76.04% of the stock is owned by institutional investors.

AMAT opened at $42.73 on Friday. Applied Materials, Inc. has a 52-week low of $42.52 and a 52-week high of $62.40. The stock has a market cap of $43.34 billion, a P/E ratio of 9.75, a P/E/G ratio of 0.75 and a beta of 1.63. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.67 and a current ratio of 2.52.

Applied Materials (NASDAQ:AMAT) last released its earnings results on Thursday, August 16th. The manufacturing equipment provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.03. The business had revenue of $4.47 billion for the quarter, compared to analyst estimates of $4.42 billion. Applied Materials had a return on equity of 58.23% and a net margin of 19.87%. Applied Materials’s revenue was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.86 earnings per share. equities research analysts predict that Applied Materials, Inc. will post 4.45 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 13th. Shareholders of record on Thursday, August 23rd will be paid a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, August 22nd. This represents a $0.80 annualized dividend and a yield of 1.87%. Applied Materials’s dividend payout ratio is 24.62%.

Several research analysts have recently weighed in on AMAT shares. BidaskClub raised Applied Materials from a “hold” rating to a “buy” rating in a research report on Tuesday, May 8th. Citigroup upped their price objective on Applied Materials from $70.00 to $78.00 and gave the stock a “buy” rating in a research report on Monday, May 14th. Cowen started coverage on Applied Materials in a research report on Monday, May 14th. They set a “market perform” rating and a $60.00 price objective for the company. Goldman Sachs Group cut Applied Materials from a “buy” rating to a “neutral” rating in a research report on Friday, May 18th. Finally, B. Riley reduced their price objective on Applied Materials from $77.00 to $70.00 and set a “buy” rating for the company in a research report on Friday, May 18th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $61.84.

Applied Materials Company Profile

Applied Materials, Inc provides manufacturing equipment, services, and software to the semiconductor, display, and related industries worldwide. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells a range of manufacturing equipment 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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