Applied Materials, Inc. (NASDAQ:AMAT) Stake Boosted by Dundas Partners LLP

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Dundas Partners LLP grew its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 2.6% in the 2nd quarter, Holdings Channel reports. The firm owned 132,545 shares of the manufacturing equipment provider’s stock after acquiring an additional 3,330 shares during the quarter. Dundas Partners LLP’s holdings in Applied Materials were worth $5,952,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of AMAT. FMR LLC grew its holdings in shares of Applied Materials by 16.3% during the first quarter. FMR LLC now owns 26,027,352 shares of the manufacturing equipment provider’s stock valued at $1,032,245,000 after purchasing an additional 3,656,960 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its holdings in Applied Materials by 14,417.3% in the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,272,881 shares of the manufacturing equipment provider’s stock worth $50,482,000 after buying an additional 1,264,113 shares in the last quarter. Cambiar Investors LLC bought a new position in Applied Materials in the 2nd quarter worth approximately $46,819,000. Bank of Montreal Can grew its holdings in Applied Materials by 39.0% in the 1st quarter. Bank of Montreal Can now owns 3,673,207 shares of the manufacturing equipment provider’s stock worth $145,679,000 after buying an additional 1,030,333 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Applied Materials by 6.0% in the 4th quarter. Geode Capital Management LLC now owns 14,055,719 shares of the manufacturing equipment provider’s stock worth $459,453,000 after buying an additional 794,347 shares in the last quarter. 77.61% of the stock is owned by institutional investors.

AMAT has been the subject of a number of recent analyst reports. Susquehanna Bancshares raised Applied Materials from a “neutral” rating to a “positive” rating and increased their price objective for the stock from $34.00 to $60.00 in a report on Wednesday, May 15th. B. Riley upgraded Applied Materials from a “neutral” rating to a “buy” rating and upped their target price for the stock from $46.00 to $54.00 in a research report on Friday, May 17th. Cowen increased their price objective on Applied Materials from $47.00 to $53.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. BidaskClub downgraded Applied Materials from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $52.00 price objective on shares of Applied Materials in a research report on Sunday, May 19th. Ten analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $50.35.

AMAT opened at $48.06 on Wednesday. The firm has a fifty day simple moving average of $46.90. The stock has a market capitalization of $44.14 billion, a price-to-earnings ratio of 10.80, a P/E/G ratio of 2.39 and a beta of 1.68. Applied Materials, Inc. has a 12-month low of $28.79 and a 12-month high of $52.42. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.79 and a quick ratio of 1.77.

Applied Materials (NASDAQ:AMAT) last released its earnings results on Thursday, May 16th. The manufacturing equipment provider reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.04. The company had revenue of $3.54 billion during the quarter, compared to analyst estimates of $3.48 billion. Applied Materials had a return on equity of 47.88% and a net margin of 22.10%. The company’s revenue for the quarter was down 22.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.22 earnings per share. On average, equities analysts expect that Applied Materials, Inc. will post 2.96 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 22nd will be issued a $0.21 dividend. The ex-dividend date is Wednesday, August 21st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.75%. Applied Materials’s payout ratio is currently 18.88%.

About Applied Materials

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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