Bellecapital International Ltd. maintained its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 7,500 shares of the manufacturing equipment provider’s stock at the end of the second quarter. Bellecapital International Ltd.’s holdings in Applied Materials were worth $310,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Reilly Financial Advisors LLC raised its position 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 valued at $105,000 after buying an additional 1,180 shares in the last quarter. Pinnacle Bank purchased a new position in shares of Applied Materials during the first quarter valued at approximately $113,000. State of Alaska Department of Revenue purchased a new position in shares of Applied Materials during the first quarter valued at approximately $114,000. James Investment Research Inc. raised its position in shares of 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 valued at $119,000 after buying an additional 1,450 shares in the last quarter. Finally, Clean Yield Group purchased a new position in shares of Applied Materials during the first quarter valued at approximately $124,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Shares of Applied Materials, Inc. (AMAT) opened at 42.82 on Monday. The company’s 50 day moving average price is $44.39 and its 200-day moving average price is $40.57. Applied Materials, Inc. has a 12-month low of $25.86 and a 12-month high of $47.86. The firm has a market cap of $46.02 billion, a P/E ratio of 17.71 and a beta of 1.82.

Applied Materials (NASDAQ:AMAT) last announced its earnings results on Thursday, May 18th. The manufacturing equipment provider reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.03. The firm had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.54 billion. Applied Materials had a return on equity of 38.28% and a net margin of 20.41%. The business’s revenue was up 44.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 EPS. On average, equities research analysts anticipate that Applied Materials, Inc. will post $3.11 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 24th will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.93%. Applied Materials’s dividend payout ratio (DPR) is presently 16.46%.

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Several equities analysts have recently commented on AMAT shares. Deutsche Bank AG restated a “buy” rating and set a $48.00 price target (up previously from $45.00) on shares of Applied Materials in a research note on Friday, May 19th. Vetr lowered Applied Materials from a “strong-buy” rating to a “buy” rating and set a $42.81 price target on the stock. in a research note on Wednesday, April 19th. Bank of America Corporation restated a “buy” rating and set a $54.00 price target (up previously from $45.00) on shares of Applied Materials in a research note on Wednesday, May 17th. UBS AG restated a “buy” rating and set a $51.00 price target (up previously from $44.00) on shares of Applied Materials in a research note on Wednesday, May 17th. Finally, Citigroup Inc. restated a “buy” rating and set a $50.00 price target on shares of Applied Materials in a research note on Wednesday, May 17th. Four investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Applied Materials presently has a consensus rating of “Buy” and a consensus target price of $46.62.

Applied Materials Company Profile

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

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