Public Employees Retirement System of Ohio lowered its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 10.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,056,323 shares of the manufacturing equipment provider’s stock after selling 119,214 shares during the period. Public Employees Retirement System of Ohio owned 0.10% of Applied Materials worth $43,637,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of AMAT. BlackRock Inc. increased its holdings in shares of Applied Materials by 2,063.7% in the first quarter. BlackRock Inc. now owns 67,009,706 shares of the manufacturing equipment provider’s stock valued at $2,606,676,000 after purchasing an additional 63,912,660 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Applied Materials by 390.4% in the second quarter. Janus Henderson Group PLC now owns 11,446,282 shares of the manufacturing equipment provider’s stock valued at $472,835,000 after purchasing an additional 9,112,328 shares in the last quarter. FMR LLC increased its holdings in shares of Applied Materials by 16.8% in the first quarter. FMR LLC now owns 32,013,147 shares of the manufacturing equipment provider’s stock valued at $1,245,311,000 after purchasing an additional 4,604,275 shares in the last quarter. Swedbank acquired a new stake in shares of Applied Materials in the second quarter valued at approximately $135,363,000. Finally, MARSHALL WACE ASIA Ltd acquired a new stake in shares of Applied Materials in the first quarter valued at approximately $113,715,000. 79.48% of the stock is owned by institutional investors and hedge funds.

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A number of analysts recently weighed in on the stock. B. Riley reissued a “buy” rating and issued a $56.00 price target on shares of Applied Materials in a report on Tuesday, July 11th. Instinet reissued a “buy” rating and issued a $55.00 price target (up previously from $50.00) on shares of Applied Materials in a report on Saturday, September 30th. Stifel Nicolaus reissued a “buy” rating on shares of Applied Materials in a report on Sunday, October 1st. Craig Hallum reissued a “buy” rating and issued a $76.00 price target (up previously from $60.00) on shares of Applied Materials in a report on Thursday, September 28th. Finally, Vetr raised shares of Applied Materials from a “buy” rating to a “strong-buy” rating and set a $48.16 price target for the company in a report on Thursday, August 10th. Three analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. Applied Materials has an average rating of “Buy” and an average price target of $56.64.

Shares of Applied Materials, Inc. (NASDAQ:AMAT) traded up 1.18% during midday trading on Friday, hitting $53.94. 10,208,344 shares of the company were exchanged. The firm’s 50 day moving average price is $48.13 and its 200 day moving average price is $44.33. The firm has a market capitalization of $57.53 billion, a price-to-earnings ratio of 19.18 and a beta of 1.86. Applied Materials, Inc. has a one year low of $27.74 and a one year high of $54.13.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings data on Thursday, August 17th. The manufacturing equipment provider reported $0.86 EPS for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.02. Applied Materials had a net margin of 22.08% and a return on equity of 40.74%. The company had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same period in the prior year, the firm posted $0.50 EPS. The company’s quarterly revenue was up 32.7% on a year-over-year basis. Analysts forecast that Applied Materials, Inc. will post $3.21 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Friday, November 24th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Wednesday, November 22nd. Applied Materials’s dividend payout ratio is currently 14.18%.

In other news, Director Alexander Karsner sold 22,762 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $44.03, for a total value of $1,002,210.86. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Thomas F. Larkins sold 30,000 shares of the company’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $51.24, for a total transaction of $1,537,200.00. The disclosure for this sale can be found here. Corporate insiders own 0.31% of the company’s stock.

About Applied Materials

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

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