Jafra Capital Management LP bought a new position in shares of Applied Materials, Inc. (NASDAQ:AMAT) in the second quarter, Holdings Channel reports. The firm bought 30,000 shares of the manufacturing equipment provider’s stock, valued at approximately $1,386,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. raised its position in shares of Applied Materials by 22.1% in the first quarter. Victory Capital Management Inc. now owns 374,861 shares of the manufacturing equipment provider’s stock valued at $20,846,000 after buying an additional 67,958 shares during the last quarter. Financial Gravity Wealth Inc. acquired a new position in shares of Applied Materials in the first quarter valued at approximately $164,000. Eaton Vance Management raised its position in shares of Applied Materials by 11.4% in the first quarter. Eaton Vance Management now owns 188,647 shares of the manufacturing equipment provider’s stock valued at $10,491,000 after buying an additional 19,246 shares during the last quarter. Rothschild Asset Management Inc. raised its position in shares of Applied Materials by 44.9% in the first quarter. Rothschild Asset Management Inc. now owns 365,097 shares of the manufacturing equipment provider’s stock valued at $20,303,000 after buying an additional 113,112 shares during the last quarter. Finally, Banque Pictet & Cie SA raised its position in shares of Applied Materials by 1.6% in the first quarter. Banque Pictet & Cie SA now owns 141,130 shares of the manufacturing equipment provider’s stock valued at $7,848,000 after buying an additional 2,270 shares during the last quarter. Institutional investors own 77.31% of the company’s stock.

Shares of AMAT stock opened at $39.10 on Friday. Applied Materials, Inc. has a one year low of $37.39 and a one year high of $62.40. The company has a quick ratio of 1.67, a current ratio of 2.52 and a debt-to-equity ratio of 0.78. The company has a market cap of $37.74 billion, a P/E ratio of 8.71, a P/E/G ratio of 0.67 and a beta of 1.53.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results on Thursday, August 16th. The manufacturing equipment provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.17 by $0.03. Applied Materials had a net margin of 19.87% and a return on equity of 58.23%. The firm had revenue of $4.47 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same quarter in the prior year, the business posted $0.86 earnings per share. Applied Materials’s revenue for the quarter was up 19.3% compared to the same quarter last year. research analysts anticipate that Applied Materials, Inc. will post 4.45 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Friday, November 23rd will be paid a dividend of $0.20 per share. The ex-dividend date is Wednesday, November 21st. This represents a $0.80 annualized dividend and a yield of 2.05%. Applied Materials’s dividend payout ratio is currently 24.62%.

A number of research firms have recently weighed in on AMAT. Stifel Nicolaus boosted their price objective on shares of Applied Materials from $71.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 18th. B. Riley cut their price objective on shares of Applied Materials from $77.00 to $70.00 and set a “buy” rating for the company in a research report on Friday, May 18th. Goldman Sachs Group lowered shares of Applied Materials from a “buy” rating to a “neutral” rating in a research report on Friday, May 18th. Royal Bank of Canada lowered shares of Applied Materials from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $67.73 to $55.00 in a research report on Wednesday, June 13th. They noted that the move was a valuation call. Finally, Morgan Stanley lowered shares of Applied Materials from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $58.00 to $54.00 in a research report on Thursday, August 9th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $62.26.

Applied Materials Profile

Applied Materials, Inc provides manufacturing equipment, services, and software to the semiconductor, display, and related industries worldwide. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells a range of manufacturing equipment used to fabricate semiconductor chips or integrated circuits.

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

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