WealthTrust Axiom LLC increased its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 0.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,449 shares of the manufacturing equipment provider’s stock after buying an additional 2 shares during the period. WealthTrust Axiom LLC’s holdings in Applied Materials were worth $225,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Fisher Asset Management LLC acquired a new position in shares of Applied Materials during the first quarter worth about $371,000. Capital Management Corp VA increased its position in shares of Applied Materials by 1.8% in the first quarter. Capital Management Corp VA now owns 231,324 shares of the manufacturing equipment provider’s stock worth $8,998,000 after buying an additional 4,076 shares in the last quarter. Oxford Asset Management acquired a new position in shares of Applied Materials during the first quarter worth about $4,956,000. Karp Capital Management Corp acquired a new position in shares of Applied Materials during the first quarter worth about $17,549,000. Finally, Outfitter Advisors LTD. increased its position in shares of Applied Materials by 1.5% in the first quarter. Outfitter Advisors LTD. now owns 40,400 shares of the manufacturing equipment provider’s stock worth $1,572,000 after buying an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Applied Materials, Inc. (NASDAQ:AMAT) opened at 43.08 on Friday. Applied Materials, Inc. has a 12-month low of $27.00 and a 12-month high of $47.86. The company has a market capitalization of $46.30 billion, a price-to-earnings ratio of 17.82 and a beta of 1.82. The stock has a 50 day moving average price of $44.26 and a 200 day moving average price of $40.97.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings data on Thursday, May 18th. The manufacturing equipment provider reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.03. Applied Materials had a net margin of 20.41% and a return on equity of 38.28%. The firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.54 billion. During the same quarter in the previous year, the firm posted $0.34 EPS. The company’s revenue for the quarter was up 44.7% compared to the same quarter last year. On average, analysts expect that Applied Materials, Inc. will post $3.11 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 24th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Tuesday, August 22nd. Applied Materials’s payout ratio is 16.46%.

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A number of brokerages have recently issued reports on AMAT. Bank of America Corporation reissued a “buy” rating and issued a $65.00 price objective (up from $58.00) on shares of Applied Materials in a research note on Sunday, June 11th. Vetr raised Applied Materials from a “buy” rating to a “strong-buy” rating and set a $46.48 price objective on the stock in a research note on Thursday, June 29th. BidaskClub downgraded Applied Materials from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. B. Riley reissued a “buy” rating and issued a $56.00 price objective on shares of Applied Materials in a research note on Saturday, May 20th. Finally, Cowen and Company reissued a “buy” rating and issued a $50.00 price objective on shares of Applied Materials in a research note on Friday, July 28th. Four investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. Applied Materials currently has a consensus rating of “Buy” and an average target price of $46.60.

Applied Materials Company Profile

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

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