Macquarie Group Ltd. Raises Position in Applied Materials, Inc. (AMAT)

Macquarie Group Ltd. boosted its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 128.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 251,054 shares of the manufacturing equipment provider’s stock after acquiring an additional 141,350 shares during the period. Macquarie Group Ltd.’s holdings in Applied Materials were worth $10,372,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Summit Financial Wealth Advisors LLC lifted its holdings in Applied Materials by 0.3% in the 2nd quarter. Summit Financial Wealth Advisors LLC now owns 6,269 shares of the manufacturing equipment provider’s stock valued at $259,000 after purchasing an additional 19 shares in the last quarter. Guardian Life Insurance Co. of America lifted its holdings in Applied Materials by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 4,170 shares of the manufacturing equipment provider’s stock valued at $162,000 after purchasing an additional 29 shares in the last quarter. Adirondack Trust Co. lifted its holdings in Applied Materials by 1.1% in the 2nd quarter. Adirondack Trust Co. now owns 3,650 shares of the manufacturing equipment provider’s stock valued at $151,000 after purchasing an additional 40 shares in the last quarter. Affinity Wealth Management lifted its holdings in Applied Materials by 0.8% in the 2nd quarter. Affinity Wealth Management now owns 6,387 shares of the manufacturing equipment provider’s stock valued at $264,000 after purchasing an additional 48 shares in the last quarter. Finally, RMB Capital Management LLC lifted its holdings in Applied Materials by 1.0% in the 1st quarter. RMB Capital Management LLC now owns 6,280 shares of the manufacturing equipment provider’s stock valued at $244,000 after purchasing an additional 60 shares in the last quarter. 79.45% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Alexander Karsner sold 22,762 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $44.03, for a total transaction of $1,002,210.86. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Thomas F. Larkins sold 30,000 shares of the company’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $51.24, for a total value of $1,537,200.00. The disclosure for this sale can be found here. Corporate insiders own 0.31% of the company’s stock.

A number of research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Applied Materials from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Morgan Stanley reiterated an “overweight” rating and set a $52.00 price objective on shares of Applied Materials in a report on Monday, August 14th. B. Riley reiterated a “buy” rating and set a $61.00 price objective on shares of Applied Materials in a report on Saturday, August 19th. Vetr upgraded shares of Applied Materials from a “buy” rating to a “strong-buy” rating and set a $46.48 price objective on the stock in a report on Thursday, June 29th. Finally, BidaskClub lowered shares of Applied Materials from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 2nd. Three analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $56.64.

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Applied Materials, Inc. (NASDAQ:AMAT) opened at 53.94 on Monday. Applied Materials, Inc. has a 12-month low of $27.74 and a 12-month high of $54.13. The company’s 50-day moving average price is $48.27 and its 200-day moving average price is $44.41. The firm has a market capitalization of $57.53 billion, a price-to-earnings ratio of 19.18 and a beta of 1.86.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings data on Thursday, August 17th. The manufacturing equipment provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. Applied Materials had a return on equity of 43.83% and a net margin of 24.71%. The company had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the previous year, the firm earned $0.50 earnings per share. The business’s revenue was up 32.7% on a year-over-year basis. Equities analysts expect that Applied Materials, Inc. will post $3.21 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Friday, November 24th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Wednesday, November 22nd. Applied Materials’s dividend payout ratio (DPR) is presently 14.18%.

About Applied Materials

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

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