Seatown Holdings Pte. Ltd. increased its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 33.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,168,500 shares of the manufacturing equipment provider’s stock after buying an additional 292,000 shares during the period. Applied Materials comprises 6.7% of Seatown Holdings Pte. Ltd.’s portfolio, making the stock its 2nd largest position. Seatown Holdings Pte. Ltd.’s holdings in Applied Materials were worth $48,271,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Applied Materials by 3.4% in the first quarter. Vanguard Group Inc. now owns 73,362,409 shares of the manufacturing equipment provider’s stock valued at $2,853,797,000 after buying an additional 2,441,471 shares during the period. BlackRock Inc. increased its stake 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 valued at $2,606,676,000 after buying an additional 63,912,660 shares during the last quarter. FMR LLC increased its stake 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 valued at $1,245,311,000 after buying an additional 4,604,275 shares during the last quarter. Egerton Capital UK LLP increased its stake in Applied Materials by 18.0% in the second quarter. Egerton Capital UK LLP now owns 13,734,934 shares of the manufacturing equipment provider’s stock valued at $567,390,000 after buying an additional 2,092,326 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Applied Materials by 32.9% in the first quarter. Ameriprise Financial Inc. now owns 12,887,690 shares of the manufacturing equipment provider’s stock valued at $501,248,000 after buying an additional 3,191,737 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Applied Materials, Inc. (NASDAQ:AMAT) opened at 43.08 on Friday. Applied Materials, Inc. has a one year low of $27.00 and a one year high of $47.86. The firm has a 50-day moving average price of $44.26 and a 200-day moving average price of $40.97. The stock has a market cap of $46.30 billion, a price-to-earnings ratio of 17.82 and a beta of 1.82.

Applied Materials (NASDAQ:AMAT) last released its earnings results on Thursday, May 18th. The manufacturing equipment provider reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.03. Applied Materials had a return on equity of 38.28% and a net margin of 20.41%. The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.54 billion. During the same period in the prior year, the business posted $0.34 earnings per share. The firm’s revenue for the quarter was up 44.7% compared to the same quarter last year. On average, equities analysts predict that Applied Materials, Inc. will post $3.11 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 24th will be paid 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 currently 16.46%.

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Several research firms recently weighed in on AMAT. B. Riley restated a “buy” rating and set a $44.00 price target on shares of Applied Materials in a report on Monday, May 15th. UBS AG restated a “buy” rating and set a $51.00 price target (up from $44.00) on shares of Applied Materials in a report on Wednesday, May 17th. Cowen and Company restated a “buy” rating and set a $50.00 price target on shares of Applied Materials in a report on Friday, July 28th. Vetr upgraded shares of Applied Materials from a “buy” rating to a “strong-buy” rating and set a $48.16 target price on the stock in a research note on Thursday. Finally, BidaskClub cut shares of Applied Materials from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. Four research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently 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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