O Shaughnessy Asset Management LLC raised its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 2.0% during the first quarter, according to its most recent filing with the SEC. The fund owned 1,718,808 shares of the manufacturing equipment provider’s stock after buying an additional 33,901 shares during the period. Applied Materials comprises approximately 1.6% of O Shaughnessy Asset Management LLC’s investment portfolio, making the stock its 14th largest position. O Shaughnessy Asset Management LLC’s holdings in Applied Materials were worth $66,862,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AMAT. Fiera Capital Corp acquired a new position in Applied Materials during the fourth quarter worth about $549,000. Franklin Resources Inc. boosted its position in Applied Materials by 22.2% in the fourth quarter. Franklin Resources Inc. now owns 5,071,778 shares of the manufacturing equipment provider’s stock worth $163,858,000 after buying an additional 922,743 shares in the last quarter. Fred Alger Management Inc. boosted its position in Applied Materials by 62,485.8% in the fourth quarter. Fred Alger Management Inc. now owns 269,119 shares of the manufacturing equipment provider’s stock worth $8,684,000 after buying an additional 268,689 shares in the last quarter. A.R.T. Advisors LLC boosted its position in Applied Materials by 15.6% in the fourth quarter. A.R.T. Advisors LLC now owns 158,100 shares of the manufacturing equipment provider’s stock worth $5,101,000 after buying an additional 21,300 shares in the last quarter. Finally, Scotia Capital Inc. boosted its position in Applied Materials by 22.8% in the fourth quarter. Scotia Capital Inc. now owns 30,331 shares of the manufacturing equipment provider’s stock worth $979,000 after buying an additional 5,640 shares in the last quarter. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Applied Materials, Inc. (NASDAQ:AMAT) opened at 41.89 on Wednesday. The firm has a 50-day moving average price of $44.26 and a 200 day moving average price of $38.08. The firm has a market capitalization of $45.02 billion, a price-to-earnings ratio of 17.32 and a beta of 1.81. Applied Materials, Inc. has a 52 week low of $22.17 and a 52 week high of $47.86.

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, topping 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 business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.54 billion. During the same period last year, the company earned $0.34 EPS. Applied Materials’s revenue for the quarter was up 44.7% compared to the same quarter last year. On average, equities research analysts forecast that Applied Materials, Inc. will post $3.08 earnings per share for the current fiscal year.

The business 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. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $0.40 annualized dividend and a yield of 0.95%. Applied Materials’s payout ratio is 16.46%.

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A number of research 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 report 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 report 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 report 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 report 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 report on Friday, May 19th. Four equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $44.89.

Applied Materials Company Profile

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

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