Fjarde AP Fonden Fourth Swedish National Pension Fund Reduces Stock Position in Applied Materials, Inc. (NASDAQ:AMAT)

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 10.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 261,038 shares of the manufacturing equipment provider’s stock after selling 29,800 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Applied Materials were worth $11,723,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AMAT. Evermay Wealth Management LLC increased its holdings in Applied Materials by 4.1% in the 1st quarter. Evermay Wealth Management LLC now owns 6,409 shares of the manufacturing equipment provider’s stock valued at $254,000 after acquiring an additional 250 shares during the last quarter. Institutional & Family Asset Management LLC increased its holdings in Applied Materials by 16.3% in the 1st quarter. Institutional & Family Asset Management LLC now owns 1,866 shares of the manufacturing equipment provider’s stock valued at $74,000 after acquiring an additional 262 shares during the last quarter. West Oak Capital LLC increased its holdings in Applied Materials by 6.7% in the 1st quarter. West Oak Capital LLC now owns 4,405 shares of the manufacturing equipment provider’s stock valued at $175,000 after acquiring an additional 275 shares during the last quarter. Flagship Harbor Advisors LLC increased its holdings in Applied Materials by 6.8% in the 1st quarter. Flagship Harbor Advisors LLC now owns 4,706 shares of the manufacturing equipment provider’s stock valued at $186,000 after acquiring an additional 298 shares during the last quarter. Finally, Successful Portfolios LLC increased its holdings in Applied Materials by 2.7% in the 1st quarter. Successful Portfolios LLC now owns 11,975 shares of the manufacturing equipment provider’s stock valued at $475,000 after acquiring an additional 316 shares during the last quarter. 77.60% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have issued reports on AMAT. Bank of America set a $120.00 price target on shares of Walmart and gave the company a “buy” rating in a report on Friday, May 17th. Nomura reduced their price target on shares of Signet Jewelers from $28.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, June 7th. ValuEngine downgraded shares of Vereit from a “buy” rating to a “hold” rating in a report on Friday, July 19th. B. Riley set a $2.00 price target on shares of Ascena Retail Group and gave the company a “hold” rating in a report on Friday, May 17th. Finally, BidaskClub downgraded shares of YY from a “sell” rating to a “strong sell” rating in a report on Tuesday. Nine equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Applied Materials presently has an average rating of “Buy” and an average price target of $50.52.

NASDAQ AMAT traded down $0.17 during trading on Friday, hitting $50.65. The company’s stock had a trading volume of 2,694,227 shares, compared to its average volume of 9,865,075. The company has a current ratio of 2.79, a quick ratio of 1.77 and a debt-to-equity ratio of 0.65. The business’s 50 day moving average is $44.53. The firm has a market cap of $47.38 billion, a price-to-earnings ratio of 11.38, a P/E/G ratio of 2.64 and a beta of 1.69. Applied Materials, Inc. has a 52 week low of $28.79 and a 52 week high of $52.42.

Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, May 16th. The manufacturing equipment provider reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.04. Applied Materials had a return on equity of 47.88% and a net margin of 22.10%. The business had revenue of $3.54 billion during the quarter, compared to analyst estimates of $3.48 billion. During the same period in the previous year, the company posted $1.22 EPS. The firm’s revenue was down 22.7% compared to the same quarter last year. As a group, analysts predict that Applied Materials, Inc. will post 2.96 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 22nd will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date is Wednesday, August 21st. Applied Materials’s payout ratio is currently 18.88%.

Applied Materials Profile

Applied Materials, Inc provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is 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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