KCG Holdings Inc. boosted its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 63.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,517 shares of the manufacturing equipment provider’s stock after buying an additional 57,978 shares during the period. KCG Holdings Inc.’s holdings in Applied Materials were worth $5,816,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Teachers Advisors LLC raised its stake in shares of Applied Materials by 2.8% in the fourth quarter. Teachers Advisors LLC now owns 3,956,864 shares of the manufacturing equipment provider’s stock valued at $127,688,000 after buying an additional 109,324 shares in the last quarter. Fisher Asset Management LLC bought a new stake in shares of Applied Materials during the first quarter valued at approximately $371,000. Capital Management Corp VA raised its stake in shares of Applied Materials by 1.8% in the first quarter. Capital Management Corp VA now owns 231,324 shares of the manufacturing equipment provider’s stock valued at $8,998,000 after buying an additional 4,076 shares in the last quarter. Oxford Asset Management bought a new stake in shares of Applied Materials during the first quarter valued at approximately $4,956,000. Finally, Karp Capital Management Corp bought a new stake in shares of Applied Materials during the first quarter valued at approximately $17,549,000. 80.24% of the stock is currently owned by institutional investors.
Shares of Applied Materials, Inc. (NASDAQ:AMAT) traded down 0.14% during midday trading on Tuesday, hitting $43.90. 9,731,444 shares of the stock were exchanged. The firm’s 50-day moving average is $44.29 and its 200 day moving average is $40.62. The firm has a market cap of $47.18 billion, a PE ratio of 18.16 and a beta of 1.82. Applied Materials, Inc. has a 52-week low of $26.37 and a 52-week high of $47.86.
Applied Materials (NASDAQ:AMAT) last posted its earnings results on Thursday, May 18th. The manufacturing equipment provider reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.03. Applied Materials had a net margin of 20.41% and a return on equity of 38.28%. The firm had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.54 billion. During the same period last year, the firm posted $0.34 earnings per share. Applied Materials’s revenue for the quarter was up 44.7% compared to the same quarter last year. On average, analysts forecast that Applied Materials, Inc. will post $3.11 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 24th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Tuesday, August 22nd. Applied Materials’s dividend payout ratio (DPR) is presently 16.46%.
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Several analysts have recently issued reports on the stock. UBS AG reissued a “buy” rating and issued a $51.00 price target (up previously from $44.00) on shares of Applied Materials in a research report on Wednesday, May 17th. B. Riley reissued a “buy” rating and issued a $44.00 price target on shares of Applied Materials in a research report on Monday, May 15th. Royal Bank Of Canada reissued a “hold” rating and issued a $35.00 price target on shares of Applied Materials in a research report on Tuesday, April 25th. Vetr raised shares of Applied Materials from a “hold” rating to a “buy” rating and set a $47.32 price target on the stock in a research report on Friday, July 14th. Finally, BidaskClub lowered shares of Applied Materials from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. Four research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $46.62.
Applied Materials Company Profile
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