Candriam Luxembourg S.C.A. increased its position in shares of Applied Materials Inc. (NASDAQ:AMAT) by 117.1% during the second quarter, Holdings Channel reports. The firm owned 120,477 shares of the manufacturing equipment provider’s stock after buying an additional 64,977 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Applied Materials were worth $2,888,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in AMAT. First PREMIER Bank acquired a new position in Applied Materials during the second quarter worth approximately $120,000. NEXT Financial Group Inc raised its position in Applied Materials by 406.1% in the second quarter. NEXT Financial Group Inc now owns 6,605 shares of the manufacturing equipment provider’s stock worth $158,000 after buying an additional 5,300 shares during the last quarter. IFP Advisors Inc raised its position in Applied Materials by 52.9% in the first quarter. IFP Advisors Inc now owns 8,741 shares of the manufacturing equipment provider’s stock worth $185,000 after buying an additional 3,026 shares during the last quarter. Sigma Planning Corp acquired a new position in Applied Materials during the second quarter worth approximately $204,000. Finally, Atria Investments LLC acquired a new position in Applied Materials during the second quarter worth approximately $227,000. 82.20% of the stock is owned by institutional investors.
Shares of Applied Materials Inc. (NASDAQ:AMAT) traded up 1.93% on Friday, hitting $30.15. The stock had a trading volume of 13,210,894 shares. The firm’s 50-day moving average price is $29.48 and its 200 day moving average price is $24.59. Applied Materials Inc. has a 12 month low of $14.64 and a 12 month high of $31.07. The firm has a market cap of $32.59 billion, a P/E ratio of 23.78 and a beta of 1.79.
Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data on Thursday, August 18th. The manufacturing equipment provider reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Applied Materials had a return on equity of 22.37% and a net margin of 14.62%. The company had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.84 billion. During the same quarter in the prior year, the business posted $0.33 EPS. The business’s revenue was up 13.3% compared to the same quarter last year. Analysts anticipate that Applied Materials Inc. will post $1.75 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Friday, November 25th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Tuesday, November 22nd. Applied Materials’s dividend payout ratio is currently 31.25%.
AMAT has been the subject of several research reports. B. Riley reissued an “amat ($29.20” rating and issued a $39.00 target price on shares of Applied Materials in a research report on Sunday, August 21st. Bank of America Corp. reissued a “buy” rating on shares of Applied Materials in a research report on Monday, June 6th. Credit Suisse Group AG reissued a “buy” rating on shares of Applied Materials in a research report on Friday, June 10th. Nomura reissued a “buy” rating and issued a $28.00 target price (up previously from $25.00) on shares of Applied Materials in a research report on Thursday, June 23rd. Finally, Vetr raised Applied Materials from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Monday, June 13th. Six investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $30.72.
In other news, Director Stephen R. Forrest sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $30.00, for a total transaction of $150,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Omkaram Nalamasu sold 99,491 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $30.15, for a total value of $2,999,653.65. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.
About Applied Materials
Applied Materials, Inc (Applied) provides manufacturing equipment, services and software to the semiconductor, display, solar photovoltaic (PV) and related industries across the world. The Company operates in four segments: Silicon Systems, Applied Global Services, Display, and Energy and Environmental Solutions.
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