Univest Corp of Pennsylvania cut its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 99,036 shares of the manufacturing equipment provider's stock after selling 1,676 shares during the period.
Shares of Applied Materials, Inc. Court Place Advisors LLC's holdings in Applied Materials were worth $545,000 as of its most recent filing with the SEC.
Several other analysts have also recently commented on AMAT. Capital Management Corp VA increased its stake in Applied Materials by 1.8% in the first quarter. Adirondack Trust Co. now owns 3,650 shares of the manufacturing equipment provider's stock valued at $151,000 after buying an additional 40 shares during the period. Guardian Life Insurance Co. of America increased its stake in shares of Applied Materials by 0.7% in the first quarter. Reilly Financial Advisors LLC boosted its position in shares of Applied Materials by 78.0% in the first quarter. MCF Advisors LLC now owns 3,663 shares of the manufacturing equipment provider's stock worth $142,000 after buying an additional 10 shares during the last quarter. Finally, Clean Yield Group purchased a new position in Applied Materials during the first quarter valued at about $124,000. Highbridge Capital Management LLC now owns 282,191 shares of the manufacturing equipment provider's stock worth $9,106,000 after buying an additional 147,033 shares during the period. State of Alaska Department of Revenue purchased a new position in Applied Materials during the first quarter valued at about $114,000. Institutional investors own 80.24% of the company's stock.
Shares of Applied Materials, Inc.
Applied Materials (NASDAQ:AMAT) opened at 43.08 on Monday. The company has a 50-day moving average price of $44.26 and a 200 day moving average price of $40.97. Applied Materials, Inc. has a 52-week low of $27.00 and a 52-week high of $47.86. The stock has a market cap of $46.30 billion, a price-to-earnings ratio of 17.82 and a beta of 1.82. Applied Materials, Inc. Applied Materials also was the target of some unusual options trading activity on Wednesday. Stock investors acquired 2,307 call options on the company. This is an increase of 118% compared to the typical daily volume of 1,060 call options.
Applied Materials (NASDAQ:AMAT) last posted its earnings results on Thursday, May 18th. The manufacturing equipment provider reported $0.79 EPS for the quarter, beating the consensus estimate of $0.76 by $0.03. Applied Materials had a return on equity of 38.28% and a net margin of 20.41%. The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.54 billion. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company's revenue was up 44.7% on a year-over-year basis. On average, equities research analysts predict that Applied Materials will post $3.11 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 24th will be paid a $0.10 dividend. The ex-dividend date is Tuesday, August 22nd. This represents a $0.40 dividend on an annualized basis and a yield of 0.93%. Applied Materials's dividend payout ratio is now 16.46%.
TRADEMARK VIOLATION NOTICE: This article was first reported by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this news story on another site, it was copied illegally and reposted in violation of U.S. and worldwide trademark and copyright law. The original version of this piece of content can be read at https://rinconhillneighbors.org/2017/08/13/applied-materials-inc-nasdaqamat-stake-lowered-by-washington-trust-bank-updated.html. Vetr's price objective would suggest a potential upside of 13.05% from the stock's previous close. Royal Bank Of Canada reaffirmed a "hold" rating and issued a $35.00 target price on shares of Applied Materials in a research report on Tuesday, April 25th. Applied Materials presently has a consensus rating of "Buy" and a consensus target price of $46.62. Credit Suisse Group raised Applied Materials to a "buy" rating and set a $54.00 target price for the company in a research note on Friday, May 19th. Finally, Susquehanna Bancshares Inc reaffirmed a "neutral" rating and issued a $40.00 price objective (up previously from $35.00) on shares of Applied Materials in a research note on Wednesday, May 17th. 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 stock now has a consensus rating of "Buy" and a consensus price target of $46.60.