Traders bought shares of Applied Materials, Inc. (NASDAQ:AMAT) on weakness during trading on Thursday. $131.30 million flowed into the stock on the tick-up and $104.63 million flowed out of the stock on the tick-down, for a money net flow of $26.67 million into the stock. Of all equities tracked, Applied Materials had the 26th highest net in-flow for the day. Applied Materials traded down ($1.41) for the day and closed at $46.04

AMAT has been the subject of a number of research analyst reports. Vetr raised Applied Materials from a “buy” rating to a “strong-buy” rating and set a $42.81 target price for the company in a report on Tuesday, April 11th. Royal Bank Of Canada reissued a “hold” rating and set a $35.00 target price on shares of Applied Materials in a report on Tuesday, April 25th. B. Riley reissued a “buy” rating and set a $44.00 target price on shares of Applied Materials in a report on Monday, May 15th. Needham & Company LLC increased their target price on Applied Materials from $43.00 to $50.00 and gave the company a “buy” rating in a report on Monday, May 15th. Finally, Stifel Nicolaus increased their target price on Applied Materials from $42.00 to $50.00 and gave the company a “buy” rating in a report on Monday, May 15th. Four equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Applied Materials currently has an average rating of “Buy” and an average target price of $46.62.

The company has a market cap of $49.48 billion, a price-to-earnings ratio of 19.04 and a beta of 1.81. The stock’s 50 day moving average is $44.48 and its 200 day moving average is $40.23. Applied Materials also saw some unusual options trading activity on Wednesday. Investors purchased 2,307 call options on the stock. This is an increase of 118% compared to the typical volume of 1,060 call options.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data on Thursday, May 18th. The manufacturing equipment provider reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 company had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.54 billion. During the same period in the previous year, the company earned $0.34 EPS. The business’s quarterly revenue was up 44.7% compared to the same quarter last year. On average, equities analysts anticipate that Applied Materials, Inc. will post $3.11 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 24th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $0.40 annualized dividend and a dividend yield of 0.87%. Applied Materials’s dividend payout ratio is presently 16.46%.

A number of hedge funds have recently made changes to their positions in the company. MCF Advisors LLC boosted its stake in shares of Applied Materials by 0.3% in the first quarter. MCF Advisors LLC now owns 3,663 shares of the manufacturing equipment provider’s stock worth $142,000 after buying an additional 10 shares during the period. Guardian Life Insurance Co. of America boosted its stake in shares of Applied Materials by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 4,170 shares of the manufacturing equipment provider’s stock worth $162,000 after buying an additional 29 shares during the period. Regentatlantic Capital LLC boosted its stake in shares of Applied Materials by 0.3% in the first quarter. Regentatlantic Capital LLC now owns 18,738 shares of the manufacturing equipment provider’s stock worth $729,000 after buying an additional 58 shares during the period. RMB Capital Management LLC boosted its stake in shares of Applied Materials by 1.0% in the first quarter. RMB Capital Management LLC now owns 6,280 shares of the manufacturing equipment provider’s stock worth $244,000 after buying an additional 60 shares during the period. Finally, Honkamp Krueger Financial Services Inc. boosted its stake in shares of Applied Materials by 0.5% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 20,921 shares of the manufacturing equipment provider’s stock worth $864,000 after buying an additional 97 shares during the period. 80.18% of the stock is owned by hedge funds and other institutional investors.

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Applied Materials Company Profile

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