Traders purchased shares of Applied Materials, Inc. (NASDAQ:AMAT) on weakness during trading hours on Monday. $51.56 million flowed into the stock on the tick-up and $34.15 million flowed out of the stock on the tick-down, for a money net flow of $17.41 million into the stock. Of all companies tracked, Applied Materials had the 23rd highest net in-flow for the day. Applied Materials traded down ($0.02) for the day and closed at $45.10

Several research analysts recently issued reports on the company. B. Riley reaffirmed a “buy” rating and set a $56.00 target price on shares of Applied Materials in a research report on Saturday, May 20th. UBS AG reaffirmed a “buy” rating and set a $51.00 target price (up from $44.00) on shares of Applied Materials in a research report on Wednesday, May 17th. Vetr raised Applied Materials from a “buy” rating to a “strong-buy” rating and set a $48.16 target price on the stock in a research report on Thursday, August 10th. Zacks Investment Research lowered Applied Materials from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $61.00 target price (up from $55.00) on shares of Applied Materials in a research report on Friday, August 18th. Four investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $51.44.

The firm has a market cap of $47.44 billion, a P/E ratio of 15.81 and a beta of 1.81. The stock has a 50-day moving average price of $44.55 and a 200 day moving average price of $42.16.

Applied Materials (NASDAQ:AMAT) last released its earnings results on Thursday, August 17th. The manufacturing equipment provider reported $0.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.02. Applied Materials had a return on equity of 40.74% and a net margin of 22.08%. The company had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter in the previous year, the firm posted $0.50 EPS. The firm’s quarterly revenue was up 32.7% on a year-over-year basis. Analysts forecast that Applied Materials, Inc. will post $3.21 EPS for the current fiscal year.

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

In other Applied Materials news, Director Alexander Karsner sold 22,762 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $44.03, for a total transaction of $1,002,210.86. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.31% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Toronto Dominion Bank increased its position in Applied Materials by 25.5% during the 2nd quarter. Toronto Dominion Bank now owns 396,461 shares of the manufacturing equipment provider’s stock worth $16,378,000 after purchasing an additional 80,545 shares during the period. Advisory Services Network LLC increased its position in Applied Materials by 10.0% during the 2nd quarter. Advisory Services Network LLC now owns 50,505 shares of the manufacturing equipment provider’s stock worth $2,086,000 after purchasing an additional 4,599 shares during the period. WINTON GROUP Ltd increased its position in Applied Materials by 13.1% during the 2nd quarter. WINTON GROUP Ltd now owns 520,242 shares of the manufacturing equipment provider’s stock worth $21,491,000 after purchasing an additional 60,201 shares during the period. Strategic Wealth Advisors Group LLC acquired a new position in Applied Materials during the 2nd quarter worth approximately $2,032,000. Finally, Covington Capital Management increased its position in Applied Materials by 11.2% during the 2nd quarter. Covington Capital Management now owns 14,911 shares of the manufacturing equipment provider’s stock worth $616,000 after purchasing an additional 1,500 shares during the period. Institutional investors own 79.67% of the company’s stock.

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Applied Materials Company Profile