Keybank National Association OH lessened its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 5.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 170,506 shares of the manufacturing equipment provider’s stock after selling 9,563 shares during the period. Keybank National Association OH’s holdings in Applied Materials were worth $7,657,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. FMR LLC grew its holdings in Applied Materials by 16.3% in the first quarter. FMR LLC now owns 26,027,352 shares of the manufacturing equipment provider’s stock valued at $1,032,245,000 after purchasing an additional 3,656,960 shares during the last quarter. Geode Capital Management LLC grew its holdings in Applied Materials by 6.0% in the fourth quarter. Geode Capital Management LLC now owns 14,055,719 shares of the manufacturing equipment provider’s stock valued at $459,453,000 after purchasing an additional 794,347 shares during the last quarter. American Century Companies Inc. grew its holdings in Applied Materials by 5.0% in the first quarter. American Century Companies Inc. now owns 13,190,671 shares of the manufacturing equipment provider’s stock valued at $523,142,000 after purchasing an additional 627,763 shares during the last quarter. Northern Trust Corp grew its holdings in Applied Materials by 1.5% in the first quarter. Northern Trust Corp now owns 12,190,745 shares of the manufacturing equipment provider’s stock valued at $483,486,000 after purchasing an additional 181,920 shares during the last quarter. Finally, LSV Asset Management grew its holdings in Applied Materials by 1.8% in the first quarter. LSV Asset Management now owns 8,253,978 shares of the manufacturing equipment provider’s stock valued at $327,352,000 after purchasing an additional 148,600 shares during the last quarter. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

AMAT has been the topic of several research reports. Royal Bank of Canada reissued a “buy” rating and issued a $54.00 target price on shares of Applied Materials in a report on Wednesday. DA Davidson lowered Applied Materials from a “buy” rating to a “neutral” rating and lowered their target price for the company from $55.00 to $45.00 in a report on Monday, July 8th. BidaskClub lowered Applied Materials from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. Craig Hallum reissued a “buy” rating and issued a $50.00 target price (up previously from $44.00) on shares of Applied Materials in a report on Friday, May 17th. Finally, B. Riley raised Applied Materials from a “neutral” rating to a “buy” rating and upped their target price for the company from $46.00 to $54.00 in a report on Friday, May 17th. Ten research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $51.00.

Shares of NASDAQ:AMAT traded up $0.44 on Thursday, hitting $47.15. The company had a trading volume of 1,175,756 shares, compared to its average volume of 8,919,568. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.77 and a current ratio of 2.79. Applied Materials, Inc. has a 52-week low of $28.79 and a 52-week high of $52.42. The business has a 50 day moving average of $46.99. The firm has a market capitalization of $43.49 billion, a P/E ratio of 10.59, a PEG ratio of 2.35 and a beta of 1.68.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings data on Thursday, May 16th. The manufacturing equipment provider reported $0.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 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 $3.54 billion for the quarter, compared to the consensus estimate of $3.48 billion. During the same period in the prior year, the business earned $1.22 earnings per share. The business’s revenue was down 22.7% on a year-over-year basis. On average, research analysts predict that Applied Materials, Inc. will post 2.96 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 22nd will be given a $0.21 dividend. The ex-dividend date is Wednesday, August 21st. This represents a $0.84 annualized dividend and a dividend yield of 1.78%. Applied Materials’s dividend payout ratio is currently 18.88%.

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

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