Nomura Asset Management Co. Ltd. raised its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 2.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 165,323 shares of the manufacturing equipment provider’s stock after buying an additional 3,960 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Applied Materials were worth $4,985,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. University of Notre Dame DU Lac acquired a new stake in shares of Applied Materials during the third quarter worth about $2,377,000. Profund Advisors LLC boosted its stake in shares of Applied Materials by 126.7% in the third quarter. Profund Advisors LLC now owns 215,316 shares of the manufacturing equipment provider’s stock worth $6,492,000 after buying an additional 120,350 shares during the period. Checchi Capital Advisers LLC boosted its stake in shares of Applied Materials by 33.2% in the third quarter. Checchi Capital Advisers LLC now owns 9,225 shares of the manufacturing equipment provider’s stock worth $278,000 after buying an additional 2,297 shares during the period. BOKF NA boosted its stake in shares of Applied Materials by 102.8% in the third quarter. BOKF NA now owns 22,914 shares of the manufacturing equipment provider’s stock worth $691,000 after buying an additional 11,613 shares during the period. Finally, Stephens Inc. AR boosted its stake in shares of Applied Materials by 15.6% in the third quarter. Stephens Inc. AR now owns 14,916 shares of the manufacturing equipment provider’s stock worth $450,000 after buying an additional 2,015 shares during the period. 80.33% of the stock is owned by institutional investors.

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

Applied Materials, Inc. (NASDAQ:AMAT) traded up 1.50% during midday trading on Friday, hitting $33.81. 2,510,986 shares of the stock traded hands. The company’s 50 day moving average price is $32.14 and its 200 day moving average price is $28.91. The firm has a market cap of $36.40 billion, a PE ratio of 21.95 and a beta of 1.85. Applied Materials, Inc. has a 12 month low of $15.44 and a 12 month high of $33.88.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results on Thursday, November 17th. The manufacturing equipment provider reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.01. Applied Materials had a return on equity of 28.09% and a net margin of 15.90%. The business had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same quarter in the previous year, the firm earned $0.29 earnings per share. The company’s revenue was up 39.2% on a year-over-year basis. Equities research analysts predict that Applied Materials, Inc. will post $2.41 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. Investors of record on Wednesday, February 22nd will be given a $0.10 dividend. The ex-dividend date is Friday, February 17th. This represents a $0.40 dividend on an annualized basis and a yield of 1.20%. Applied Materials’s dividend payout ratio is currently 25.64%.

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A number of research firms recently commented on AMAT. Zacks Investment Research upgraded shares of Applied Materials from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a report on Wednesday, November 16th. Credit Suisse Group reiterated a “buy” rating and set a $34.00 price target on shares of Applied Materials in a report on Wednesday, November 16th. Evercore ISI reiterated a “buy” rating and set a $38.00 price target (up from $34.00) on shares of Applied Materials in a report on Friday, December 16th. Nomura reiterated a “buy” rating and set a $31.00 price target on shares of Applied Materials in a report on Thursday, September 22nd. Finally, B. Riley reiterated a “buy” rating and set a $39.00 price target on shares of Applied Materials in a report on Monday, September 26th. Six analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. Applied Materials has an average rating of “Buy” and an average price target of $32.42.

In related news, Director Stephen R. Forrest sold 4,800 shares of the company’s stock in a transaction that occurred on Tuesday, November 29th. The stock was sold at an average price of $31.86, for a total value of $152,928.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Dennis D. Powell sold 21,017 shares of the company’s stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $31.95, for a total value of $671,493.15. Following the completion of the sale, the director now owns 98,207 shares in the company, valued at approximately $3,137,713.65. The disclosure for this sale can be found here. 0.25% of the stock is owned by corporate insiders.

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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