Yorktown Management & Research Co Inc held its stake in Applied Materials, Inc. (NASDAQ:AMAT) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,000 shares of the manufacturing equipment provider’s stock at the close of the second quarter. Yorktown Management & Research Co Inc’s holdings in Applied Materials were worth $248,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of 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 purchasing an additional 2,441,471 shares in the last quarter. BlackRock Inc. grew its holdings in shares of 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 purchasing an additional 63,912,660 shares in the last quarter. FMR LLC grew its holdings in shares of 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 purchasing an additional 4,604,275 shares in the last quarter. TIAA CREF Investment Management LLC grew its holdings in shares of Applied Materials by 7.6% in the second quarter. TIAA CREF Investment Management LLC now owns 13,751,324 shares of the manufacturing equipment provider’s stock valued at $568,067,000 after purchasing an additional 973,818 shares in the last quarter. Finally, Egerton Capital UK LLP grew its holdings in shares of 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 purchasing an additional 2,092,326 shares in the last quarter. Hedge funds and other institutional investors own 79.47% of the company’s stock.

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

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AMAT has been the subject of several analyst reports. Credit Suisse Group reiterated a “buy” rating on shares of Applied Materials in a report on Tuesday, August 29th. Goldman Sachs Group, Inc. (The) upgraded shares of Applied Materials from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $49.00 to $52.00 in a report on Wednesday, September 13th. Morgan Stanley reiterated an “overweight” rating on shares of Applied Materials in a report on Thursday, September 14th. Vetr upgraded shares of Applied Materials from a “hold” rating to a “buy” rating and set a $48.70 price target for the company in a report on Monday, July 31st. Finally, Nomura boosted their price target on shares of Applied Materials from $47.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, August 18th. Three investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $51.86.

Shares of Applied Materials, Inc. (AMAT) opened at 48.05 on Tuesday. The stock has a market cap of $51.24 billion, a P/E ratio of 17.08 and a beta of 1.81. The company has a 50-day moving average of $44.39 and a 200 day moving average of $42.74. Applied Materials, Inc. has a 52-week low of $27.56 and a 52-week high of $48.53.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings data on Thursday, August 17th. The manufacturing equipment provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. The firm 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 firm’s revenue was up 32.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.50 earnings per share. Equities research analysts forecast that Applied Materials, Inc. will post $3.20 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Friday, November 24th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Wednesday, November 22nd. Applied Materials’s dividend payout ratio is presently 14.18%.

Applied Materials Company Profile

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

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