Trexquant Investment LP lowered its position in Applied Materials, Inc. (NASDAQ:AMAT) by 78.7% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,468 shares of the manufacturing equipment provider’s stock after selling 23,932 shares during the period. Trexquant Investment LP’s holdings in Applied Materials were worth $267,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. State of Alaska Department of Revenue purchased a new stake in shares of Applied Materials during the first quarter worth about $114,000. James Investment Research Inc. boosted its stake 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 worth $119,000 after buying an additional 1,450 shares during the period. Clean Yield Group purchased a new stake in shares of Applied Materials during the first quarter worth about $124,000. Bessemer Group Inc. boosted its stake in shares of Applied Materials by 145.4% in the second quarter. Bessemer Group Inc. now owns 3,067 shares of the manufacturing equipment provider’s stock worth $126,000 after buying an additional 1,817 shares during the period. Finally, Hanson McClain Inc. boosted its stake in shares of Applied Materials by 4.3% in the first quarter. Hanson McClain Inc. now owns 3,360 shares of the manufacturing equipment provider’s stock worth $131,000 after buying an additional 139 shares during the period. Institutional investors and hedge funds own 79.33% of the company’s stock.

Applied Materials, Inc. (NASDAQ AMAT) opened at 44.30 on Friday. Applied Materials, Inc. has a 1-year low of $27.56 and a 1-year high of $47.86. The company has a market cap of $47.45 billion, a price-to-earnings ratio of 15.75 and a beta of 1.82. The company’s 50-day moving average is $44.44 and its 200 day moving average is $41.31.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings results on Thursday, August 17th. The manufacturing equipment provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. The firm had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.69 billion. Applied Materials had a return on equity of 42.08% and a net margin of 22.08%. The company’s revenue for the quarter was up 32.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.50 EPS. On average, equities analysts predict that Applied Materials, Inc. will post $3.12 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 24th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend is Tuesday, August 22nd. Applied Materials’s payout ratio is 14.18%.

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A number of equities research analysts recently issued reports on AMAT shares. Bank of America Corporation reiterated a “buy” rating and set a $54.00 target price (up previously from $45.00) on shares of Applied Materials in a research report on Wednesday, May 17th. UBS AG reiterated a “buy” rating and set a $51.00 target price (up previously from $44.00) on shares of Applied Materials in a research report on Wednesday, May 17th. B. Riley reiterated a “buy” rating and set a $56.00 target price on shares of Applied Materials in a research report on Saturday, May 20th. Credit Suisse Group upgraded shares of Applied Materials to a “buy” rating and set a $54.00 target price for the company in a research report on Friday, May 19th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $48.00 target price (up previously from $45.00) on shares of Applied Materials in a research report on Friday, May 19th. Five investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $43.34.

Applied Materials Company Profile

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

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