Roanoke Asset Management Corp NY cut its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 4.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 85,815 shares of the manufacturing equipment provider’s stock after selling 4,395 shares during the period. Applied Materials makes up about 1.7% of Roanoke Asset Management Corp NY’s portfolio, making the stock its 20th largest position. Roanoke Asset Management Corp NY’s holdings in Applied Materials were worth $3,545,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Cypress Capital Management LLC WY acquired a new stake in Applied Materials during the second quarter worth $228,000. Highland Capital Management LLC acquired a new stake in Applied Materials during the second quarter worth $984,000. Bedrijfstakpensioenfonds Voor DE Media PNO acquired a new stake in Applied Materials during the second quarter worth $2,413,000. Rehmann Capital Advisory Group boosted its stake in Applied Materials by 28.9% in the second quarter. Rehmann Capital Advisory Group now owns 7,101 shares of the manufacturing equipment provider’s stock worth $293,000 after buying an additional 1,592 shares during the period. Finally, Aperio Group LLC boosted its stake in Applied Materials by 12.6% in the second quarter. Aperio Group LLC now owns 507,868 shares of the manufacturing equipment provider’s stock worth $20,980,000 after buying an additional 56,742 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.
Shares of Applied Materials, Inc. (NASDAQ AMAT) traded down 0.330% during mid-day trading on Tuesday, hitting $43.815. The stock had a trading volume of 6,490,154 shares. The stock has a market cap of $47.08 billion, a P/E ratio of 18.120 and a beta of 1.82. Applied Materials, Inc. has a 12 month low of $25.86 and a 12 month high of $47.86. The firm has a 50 day moving average price of $44.40 and a 200-day moving average price of $40.57.
Applied Materials (NASDAQ:AMAT) last announced its earnings results on Thursday, May 18th. The manufacturing equipment provider reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.03. The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.54 billion. Applied Materials had a return on equity of 38.28% and a net margin of 20.41%. The company’s quarterly revenue was up 44.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.34 EPS. On average, equities research analysts forecast that Applied Materials, Inc. will post $3.11 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 24th will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, August 22nd. This represents a $0.40 annualized dividend and a dividend yield of 0.91%. Applied Materials’s dividend payout ratio (DPR) is presently 16.46%.
A number of equities research analysts recently weighed in on the company. Vetr cut Applied Materials from a “strong-buy” rating to a “buy” rating and set a $48.70 price target on the stock. in a research note on Monday. BidaskClub cut Applied Materials from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. Cowen and Company restated a “buy” rating and issued a $50.00 price target on shares of Applied Materials in a research note on Friday, July 28th. B. Riley reiterated a “buy” rating and set a $56.00 price objective on shares of Applied Materials in a research report on Sunday, July 16th. Finally, DA Davidson reiterated a “buy” rating and set a $55.00 price objective on shares of Applied Materials in a research report on Monday, July 10th. Four investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $46.62.
About Applied Materials
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