Rosenbaum Jay D. Has $806,000 Position in Applied Materials, Inc. (AMAT)

Rosenbaum Jay D. reduced its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 12.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,500 shares of the manufacturing equipment provider’s stock after selling 2,700 shares during the period. Applied Materials accounts for 1.6% of Rosenbaum Jay D.’s portfolio, making the stock its 28th largest position. Rosenbaum Jay D.’s holdings in Applied Materials were worth $806,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AMAT. Fisher Asset Management LLC bought a new stake in shares of Applied Materials during the first quarter valued at approximately $371,000. Capital Management Corp VA increased its stake 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 valued at $8,998,000 after buying an additional 4,076 shares during the last quarter. Oxford Asset Management bought a new stake in shares of Applied Materials during the first quarter valued at approximately $4,956,000. Karp Capital Management Corp bought a new stake in shares of Applied Materials during the first quarter valued at approximately $17,549,000. Finally, Outfitter Advisors LTD. increased its stake 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 valued at $1,572,000 after buying an additional 600 shares during the last quarter. 80.06% of the stock is owned by institutional investors.

Shares of Applied Materials, Inc. (AMAT) traded up 0.19% on Friday, reaching $42.78. 3,729,633 shares of the company traded hands. Applied Materials, Inc. has a one year low of $25.86 and a one year high of $47.86. The stock has a market capitalization of $45.97 billion, a P/E ratio of 17.69 and a beta of 1.82. The stock’s 50 day moving average price is $44.39 and its 200-day moving average price is $40.57.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings results on Thursday, May 18th. The manufacturing equipment provider reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.03. The business had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.54 billion. Applied Materials had a net margin of 20.41% and a return on equity of 38.28%. The firm’s revenue for the quarter was up 44.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.34 earnings per share. Equities analysts forecast that Applied Materials, Inc. will post $3.11 earnings per share for the current fiscal 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 issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend is Tuesday, August 22nd. Applied Materials’s dividend payout ratio (DPR) is currently 16.46%.

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Several analysts recently commented on the stock. Bank of America Corporation reaffirmed a “buy” rating and set a $65.00 target price (up previously from $58.00) on shares of Applied Materials in a report on Sunday, June 11th. Vetr raised shares of Applied Materials from a “buy” rating to a “strong-buy” rating and set a $46.48 target price for the company in a report on Thursday, June 29th. BidaskClub downgraded shares of Applied Materials from a “strong-buy” rating to a “buy” rating in a report on Wednesday. B. Riley reaffirmed a “buy” rating and set a $56.00 target price on shares of Applied Materials in a report on Saturday, May 20th. Finally, Cowen and Company reaffirmed a “buy” rating and set a $50.00 target price on shares of Applied Materials in a report on Friday, July 28th. Four analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $46.62.

Applied Materials Company Profile

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