Exxonmobil Investment Management Inc. TX reduced its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 14.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 206,328 shares of the manufacturing equipment provider’s stock after selling 33,465 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Applied Materials were worth $8,523,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. Reilly Financial Advisors LLC increased its stake in shares of Applied Materials by 78.0% in the first quarter. Reilly Financial Advisors LLC now owns 2,692 shares of the manufacturing equipment provider’s stock worth $105,000 after buying an additional 1,180 shares during the last quarter. Pinnacle Bank bought a new stake in Applied Materials during the first quarter worth about $113,000. State of Alaska Department of Revenue bought a new stake in Applied Materials during the first quarter worth about $114,000. James Investment Research Inc. increased its stake in Applied Materials by 90.6% in the first quarter. James Investment Research Inc. now owns 3,050 shares of the manufacturing equipment provider’s stock worth $119,000 after buying an additional 1,450 shares during the last quarter. Finally, Clean Yield Group bought a new stake in Applied Materials during the first quarter worth about $124,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.
Applied Materials, Inc. (AMAT) traded down 4.06% during mid-day trading on Thursday, reaching $42.03. 11,299,315 shares of the company’s stock traded hands. Applied Materials, Inc. has a 52-week low of $26.41 and a 52-week high of $47.86. The company has a 50-day moving average of $44.31 and a 200-day moving average of $40.89. The company has a market capitalization of $45.17 billion, a price-to-earnings ratio of 17.38 and a beta of 1.82. Applied Materials also was the target of some unusual options trading activity on Wednesday. Stock traders bought 2,307 call options on the stock. This is an increase of 118% compared to the average daily volume of 1,060 call options.
Applied Materials (NASDAQ:AMAT) last released its earnings results on Thursday, May 18th. The manufacturing equipment provider reported $0.79 EPS for the quarter, beating the consensus estimate of $0.76 by $0.03. Applied Materials had a net margin of 20.41% and a return on equity of 38.28%. The business had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.54 billion. During the same period in the prior year, the business earned $0.34 earnings per share. The business’s quarterly revenue was up 44.7% on a year-over-year basis. Equities research analysts expect that Applied Materials, Inc. will post $3.11 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 24th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Tuesday, August 22nd. Applied Materials’s dividend payout ratio is presently 16.46%.
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A number of research firms have recently issued reports on AMAT. Vetr downgraded shares of Applied Materials from a “strong-buy” rating to a “buy” rating and set a $48.70 price target for the company. in a research report on Monday. BidaskClub downgraded shares of Applied Materials from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. Cowen and Company reiterated a “buy” rating and set a $50.00 price target on shares of Applied Materials in a research report on Friday, July 28th. B. Riley reiterated a “buy” rating and set a $56.00 price target on shares of Applied Materials in a research report on Sunday, July 16th. Finally, DA Davidson reiterated a “buy” rating and set a $55.00 price target on shares of Applied Materials in a research report on Monday, July 10th. Four investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $46.62.
Applied Materials Company Profile
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