Origin Asset Management LLP lowered its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 12.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 539,221 shares of the manufacturing equipment provider’s stock after selling 76,000 shares during the quarter. Applied Materials makes up approximately 1.4% of Origin Asset Management LLP’s holdings, making the stock its 28th biggest holding. Origin Asset Management LLP owned approximately 0.05% of Applied Materials worth $22,275,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. MCF Advisors LLC increased its position in shares of Applied Materials by 0.3% during the 1st quarter. MCF Advisors LLC now owns 3,663 shares of the manufacturing equipment provider’s stock worth $142,000 after purchasing an additional 10 shares in the last quarter. Guardian Life Insurance Co. of America increased its position in shares of Applied Materials by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 4,170 shares of the manufacturing equipment provider’s stock worth $162,000 after purchasing an additional 29 shares in the last quarter. Adirondack Trust Co. increased its position in shares of Applied Materials by 1.1% during the 2nd quarter. Adirondack Trust Co. now owns 3,650 shares of the manufacturing equipment provider’s stock worth $151,000 after purchasing an additional 40 shares in the last quarter. RMB Capital Management LLC increased its position in shares of Applied Materials by 1.0% during the 1st quarter. RMB Capital Management LLC now owns 6,280 shares of the manufacturing equipment provider’s stock worth $244,000 after purchasing an additional 60 shares in the last quarter. Finally, Honkamp Krueger Financial Services Inc. increased its position in shares of Applied Materials by 0.5% during the 2nd quarter. Honkamp Krueger Financial Services Inc. now owns 20,921 shares of the manufacturing equipment provider’s stock worth $864,000 after purchasing an additional 97 shares in the last quarter. Institutional investors and hedge funds own 79.67% of the company’s stock.

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Applied Materials, Inc. (AMAT) traded up 1.12% on Wednesday, reaching $46.16. 3,267,756 shares of the company traded hands. The stock has a market capitalization of $49.23 billion, a PE ratio of 16.41 and a beta of 1.81. The firm has a 50 day moving average of $44.33 and a 200-day moving average of $42.37. Applied Materials, Inc. has a one year low of $27.56 and a one year high of $47.86.

Applied Materials (NASDAQ:AMAT) last released its earnings results on Thursday, August 17th. The manufacturing equipment provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.02. The business had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.69 billion. Applied Materials had a net margin of 22.08% and a return on equity of 40.74%. The company’s revenue for the quarter was up 32.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.50 EPS. On average, analysts anticipate that Applied Materials, Inc. will post $3.20 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Friday, November 24th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Wednesday, November 22nd. Applied Materials’s dividend payout ratio is presently 14.18%.

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

Several equities research analysts have weighed in on AMAT shares. Citigroup Inc. restated a “buy” rating and issued a $50.00 price objective on shares of Applied Materials in a research report on Wednesday, May 17th. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $40.00 price objective (up previously from $35.00) on shares of Applied Materials in a research report on Wednesday, May 17th. UBS AG restated a “buy” rating and issued a $51.00 price objective (up previously from $44.00) on shares of Applied Materials in a research report on Wednesday, May 17th. Bank of America Corporation restated a “buy” rating and issued a $54.00 price objective (up previously from $45.00) on shares of Applied Materials in a research report on Wednesday, May 17th. Finally, Cowen and Company raised their price objective on shares of Applied Materials from $45.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, May 19th. Three equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. Applied Materials currently has a consensus rating of “Buy” and a consensus price target of $51.57.

Applied Materials Company Profile

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

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