Swiss National Bank trimmed its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 5.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,095,022 shares of the manufacturing equipment provider’s stock after selling 186,100 shares during the period. Swiss National Bank owned about 0.33% of Applied Materials worth $138,997,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Squar Milner Financial Services LLC lifted its position in shares of Applied Materials by 190.8% in the first quarter. Squar Milner Financial Services LLC now owns 698 shares of the manufacturing equipment provider’s stock valued at $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 in the first quarter worth about $27,000. Horan Capital Advisors LLC. purchased a new stake in shares of Applied Materials in the first quarter worth about $31,000. Cable Hill Partners LLC lifted its position in shares of Applied Materials by 378.4% in the first quarter. Cable Hill Partners LLC now owns 799 shares of the manufacturing equipment provider’s stock worth $32,000 after buying an additional 632 shares in the last quarter. Finally, Pinnacle Financial Partners Inc. purchased a new stake in shares of Applied Materials in the first quarter worth about $33,000. Institutional investors and hedge funds own 77.61% of the company’s stock.
AMAT stock traded down $0.53 during midday trading on Friday, reaching $46.63. 17,658,200 shares of the company traded hands, compared to its average volume of 8,981,748. Applied Materials, Inc. has a 52-week low of $28.79 and a 52-week high of $52.42. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.77 and a current ratio of 2.79. The business has a 50 day moving average of $47.10 and a 200-day moving average of $42.51. The firm has a market capitalization of $43.65 billion, a price-to-earnings ratio of 10.48, a P/E/G ratio of 2.37 and a beta of 1.68.
Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings data on Thursday, August 15th. The manufacturing equipment provider reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. Applied Materials had a return on equity of 47.88% and a net margin of 22.10%. The business had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.53 billion. During the same period in the prior year, the business posted $1.20 earnings per share. The company’s quarterly revenue was down 14.4% compared to the same quarter last year. Research analysts anticipate that Applied Materials, Inc. will post 2.96 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 22nd will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $0.84 dividend on an annualized basis and a yield of 1.80%. Applied Materials’s dividend payout ratio (DPR) is presently 18.88%.
A number of equities research analysts recently commented on the company. Stifel Nicolaus set a $57.00 target price on Applied Materials and gave the stock a “buy” rating in a research report on Monday, August 12th. BidaskClub downgraded Applied Materials from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. B. Riley upgraded Applied Materials from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $46.00 to $54.00 in a research report on Friday, May 17th. DA Davidson downgraded Applied Materials from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $55.00 to $45.00 in a research report on Monday, July 8th. Finally, Citigroup boosted their target price on Applied Materials from $51.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Eleven equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $50.90.
Applied Materials Company 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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