Winfield Associates Inc. increased its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 52.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,220 shares of the manufacturing equipment provider’s stock after buying an additional 4,555 shares during the period. Winfield Associates Inc.’s holdings in Applied Materials were worth $546,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Fisher Asset Management LLC bought a new position in shares of Applied Materials during the first quarter valued at $371,000. Capital Management Corp VA raised its position in Applied Materials by 1.8% in the first quarter. Capital Management Corp VA now owns 231,324 shares of the manufacturing equipment provider’s stock valued at $8,998,000 after buying an additional 4,076 shares during the last quarter. Oxford Asset Management acquired a new position in Applied Materials during the first quarter valued at approximately $4,956,000. Karp Capital Management Corp acquired a new position in Applied Materials during the first quarter valued at approximately $17,549,000. Finally, Outfitter Advisors LTD. raised its position in Applied Materials by 1.5% in the first quarter. Outfitter Advisors LTD. now owns 40,400 shares of the manufacturing equipment provider’s stock valued at $1,572,000 after buying an additional 600 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Applied Materials, Inc. (NASDAQ AMAT) opened at 43.81 on Thursday. The stock’s 50 day moving average price is $44.31 and its 200 day moving average price is $40.89. Applied Materials, Inc. has a 1-year low of $26.41 and a 1-year high of $47.86. The firm has a market cap of $47.08 billion, a P/E ratio of 18.12 and a beta of 1.82. Applied Materials also was the target of some unusual options trading on Wednesday. Stock traders acquired 2,307 call options on the company. This represents an increase of approximately 118% compared to the typical volume of 1,060 call options.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings results on Thursday, May 18th. The manufacturing equipment provider reported $0.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.03. The business had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.54 billion. Applied Materials had a return on equity of 38.28% and a net margin of 20.41%. Applied Materials’s revenue for the quarter was up 44.7% on a year-over-year basis. During the same quarter last year, the company posted $0.34 EPS. Equities research analysts predict that Applied Materials, Inc. will post $3.11 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 24th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Tuesday, August 22nd. Applied Materials’s dividend payout ratio is currently 16.46%.

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AMAT has been the subject of several recent research reports. Deutsche Bank AG reissued a “buy” rating and issued a $48.00 price objective (up previously from $45.00) on shares of Applied Materials in a research note on Friday, May 19th. Bank of America Corporation reissued a “buy” rating and issued a $54.00 price objective (up previously from $45.00) on shares of Applied Materials in a research note on Wednesday, May 17th. Royal Bank Of Canada reissued a “hold” rating and issued a $35.00 price objective on shares of Applied Materials in a research note on Tuesday, April 25th. Stifel Nicolaus raised their target price on shares of Applied Materials from $50.00 to $55.00 and gave the company a “buy” rating in a report on Sunday, May 21st. Finally, Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $40.00 target price (up previously from $35.00) on shares of Applied Materials in a report on Wednesday, May 17th. Four equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. Applied Materials has a consensus rating of “Buy” and an average price target of $46.62.

Applied Materials Company Profile

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

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