Brighton Jones LLC acquired a new stake in Applied Materials, Inc. (NASDAQ:AMAT) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,634 shares of the manufacturing equipment provider’s stock, valued at approximately $219,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Teachers Advisors LLC increased its stake in Applied Materials by 2.8% in the fourth quarter. Teachers Advisors LLC now owns 3,956,864 shares of the manufacturing equipment provider’s stock worth $127,688,000 after buying an additional 109,324 shares during the period. Fisher Asset Management LLC acquired a new stake in Applied Materials during the first quarter worth about $371,000. Capital Management Corp VA increased its stake in 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 during the period. Oxford Asset Management acquired a new stake in Applied Materials during the first quarter worth about $4,956,000. Finally, Karp Capital Management Corp acquired a new stake in Applied Materials during the first quarter worth about $17,549,000. Institutional investors and hedge funds own 79.78% of the company’s stock.
Shares of Applied Materials, Inc. (AMAT) opened at 46.81 on Friday. Applied Materials, Inc. has a 1-year low of $25.68 and a 1-year high of $47.86. The firm has a 50-day moving average price of $44.47 and a 200-day moving average price of $39.76. The company has a market capitalization of $50.30 billion, a PE ratio of 19.36 and a beta of 1.81.
Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings results on Thursday, May 18th. The manufacturing equipment provider reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.03. The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.54 billion. Applied Materials had a return on equity of 38.28% and a net margin of 20.41%. Applied Materials’s quarterly revenue was up 44.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.34 EPS. Equities analysts anticipate that Applied Materials, Inc. will post $3.11 earnings per share for the current 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 paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.85%. The ex-dividend date is Tuesday, August 22nd. Applied Materials’s dividend payout ratio is 16.46%.
COPYRIGHT VIOLATION NOTICE: This story was first published by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright & trademark law. The original version of this story can be viewed at https://stocknewstimes.com/2017/07/22/brighton-jones-llc-acquires-new-position-in-applied-materials-inc-amat.html.
A number of analysts recently issued reports on AMAT shares. Deutsche Bank AG reissued a “buy” rating and set a $48.00 target price (up previously from $45.00) on shares of Applied Materials in a research report on Friday, May 19th. Vetr downgraded shares of Applied Materials from a “strong-buy” rating to a “buy” rating and set a $42.81 target price for the company. in a research report on Wednesday, April 19th. Bank of America Corporation reissued a “buy” rating and set a $54.00 target price (up previously from $45.00) on shares of Applied Materials in a research report on Wednesday, May 17th. UBS AG reissued a “buy” rating and set a $51.00 target price (up previously from $44.00) on shares of Applied Materials in a research report on Wednesday, May 17th. Finally, Citigroup Inc. reissued a “buy” rating and set a $50.00 target price on shares of Applied Materials in a research report on Wednesday, May 17th. Four investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $46.56.
About Applied Materials
Want to see what other hedge funds are holding AMAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Applied Materials, Inc. (NASDAQ:AMAT).
Receive News & Ratings for Applied Materials Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Materials Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
