Candriam Luxembourg S.C.A. boosted its position in Applied Materials, Inc. (NASDAQ:AMAT) by 12.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 649,552 shares of the manufacturing equipment provider’s stock after buying an additional 71,423 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Applied Materials were worth $26,834,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AMAT. BlackRock Inc. increased its position in Applied Materials by 2,063.7% in the first quarter. BlackRock Inc. now owns 67,009,706 shares of the manufacturing equipment provider’s stock worth $2,606,676,000 after buying an additional 63,912,660 shares during the period. Egerton Capital UK LLP purchased a new position in Applied Materials during the first quarter worth about $452,897,000. FMR LLC increased its position in Applied Materials by 16.8% in the first quarter. FMR LLC now owns 32,013,147 shares of the manufacturing equipment provider’s stock worth $1,245,311,000 after buying an additional 4,604,275 shares during the period. LSV Asset Management increased its position in Applied Materials by 151.5% in the first quarter. LSV Asset Management now owns 7,572,100 shares of the manufacturing equipment provider’s stock worth $294,554,000 after buying an additional 4,561,500 shares during the period. Finally, Swedbank purchased a new position in Applied Materials during the second quarter worth about $135,363,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Shares of Applied Materials, Inc. (NASDAQ AMAT) opened at 43.08 on Friday. The stock has a 50 day moving average price of $44.26 and a 200 day moving average price of $40.97. The company has a market capitalization of $46.30 billion, a PE ratio of 17.82 and a beta of 1.82. Applied Materials, Inc. has a one year low of $27.00 and a one year high of $47.86. Applied Materials also saw some unusual options trading activity on Wednesday. Stock traders 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 released its quarterly earnings data on Thursday, May 18th. The manufacturing equipment provider reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.03. The company 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%. Applied Materials’s quarterly revenue was up 44.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.34 EPS. On average, equities research analysts predict that Applied Materials, Inc. will post $3.11 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 24th will be issued 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 yield of 0.93%. Applied Materials’s payout ratio is 16.46%.

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A number of equities analysts have recently issued reports on AMAT shares. Deutsche Bank AG restated a “buy” rating and issued a $48.00 price target (up from $45.00) on shares of Applied Materials in a research note on Friday, May 19th. Bank of America Corporation restated a “buy” rating and issued a $54.00 price target (up from $45.00) on shares of Applied Materials in a research note on Wednesday, May 17th. Royal Bank Of Canada restated a “hold” rating and issued a $35.00 price target on shares of Applied Materials in a research note on Tuesday, April 25th. Stifel Nicolaus raised their price target on Applied Materials from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Sunday, May 21st. Finally, Susquehanna Bancshares Inc restated a “neutral” rating and issued a $40.00 price target (up from $35.00) on shares of Applied Materials in a research note on Wednesday, May 17th. Four investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $46.60.

About Applied Materials

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

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