Bbva Compass Bancshares Inc. cut its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 48.6% during the second quarter, Holdings Channel reports. The firm owned 3,760 shares of the manufacturing equipment provider’s stock after selling 3,555 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Applied Materials were worth $155,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AMAT. Reilly Financial Advisors LLC boosted 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 during the period. Pinnacle Bank purchased a new position in shares of Applied Materials during the first quarter valued at about $113,000. State of Alaska Department of Revenue purchased a new position in shares of Applied Materials during the first quarter valued at about $114,000. James Investment Research Inc. boosted 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 during the period. Finally, Clean Yield Group purchased a new position in shares of Applied Materials during the first quarter valued at about $124,000. 80.24% of the stock is currently owned by institutional investors.

Shares of Applied Materials, Inc. (AMAT) opened at 42.03 on Friday. The firm has a market cap of $45.17 billion, a PE ratio of 17.38 and a beta of 1.82. The stock has a 50 day moving average price of $44.27 and a 200-day moving average price of $40.90. Applied Materials, Inc. has a 52-week low of $26.86 and a 52-week high of $47.86. Applied Materials also was the recipient of unusually large options trading activity on Wednesday. Stock investors bought 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 issued its earnings results on Thursday, May 18th. The manufacturing equipment provider reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.03. The firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.54 billion. Applied Materials had a net margin of 20.41% and a return on equity of 38.28%. The company’s revenue was up 44.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.34 earnings per share. On average, equities analysts anticipate that Applied Materials, Inc. will post $3.11 EPS for the current fiscal 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 paid a dividend of $0.10 per share. 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 0.95%. Applied Materials’s payout ratio is currently 16.46%.

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AMAT has been the topic of several research analyst reports. Credit Suisse Group raised Applied Materials to a “buy” rating and set a $54.00 price objective on the stock in a research note on Friday, May 19th. 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. Vetr cut Applied Materials from a “strong-buy” rating to a “buy” rating and set a $42.81 price objective on the stock. in a research note on Wednesday, April 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. Finally, UBS Group AG reissued a “buy” rating and issued a $51.00 price objective (up previously from $44.00) on shares of Applied Materials in a research note on Wednesday, May 17th. Four research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $46.60.

Applied Materials Company Profile

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

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