James Investment Research Inc. Invests $1.72 Million in Applied Materials, Inc. (NASDAQ:AMAT)

James Investment Research Inc. bought a new position in Applied Materials, Inc. (NASDAQ:AMAT) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 37,250 shares of the manufacturing equipment provider’s stock, valued at approximately $1,721,000.

Other large investors have also modified their holdings of the company. Shine Investment Advisory Services Inc. grew its holdings in Applied Materials by 368.3% in the 1st quarter. Shine Investment Advisory Services Inc. now owns 2,056 shares of the manufacturing equipment provider’s stock worth $114,000 after acquiring an additional 1,617 shares during the last quarter. Optimum Investment Advisors bought a new stake in shares of Applied Materials during the 1st quarter valued at about $147,000. Financial Gravity Wealth Inc. bought a new stake in shares of Applied Materials during the 1st quarter valued at about $164,000. Private Capital Group LLC boosted its stake in shares of Applied Materials by 728.9% during the 1st quarter. Private Capital Group LLC now owns 3,009 shares of the manufacturing equipment provider’s stock valued at $167,000 after purchasing an additional 2,646 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC boosted its stake in shares of Applied Materials by 28,672.7% during the 1st quarter. Moneta Group Investment Advisors LLC now owns 3,165 shares of the manufacturing equipment provider’s stock valued at $176,000 after purchasing an additional 3,154 shares in the last quarter. Institutional investors own 78.33% of the company’s stock.

NASDAQ:AMAT opened at $48.13 on Friday. Applied Materials, Inc. has a one year low of $41.98 and a one year high of $62.40. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.83 and a current ratio of 2.60. The stock has a market cap of $49.56 billion, a P/E ratio of 12.08, a price-to-earnings-growth ratio of 0.82 and a beta of 1.63.

Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, May 17th. The manufacturing equipment provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.08. The business had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.45 billion. Applied Materials had a net margin of 19.24% and a return on equity of 51.65%. During the same period in the previous year, the company earned $0.79 earnings per share. research analysts anticipate that Applied Materials, Inc. will post 4.58 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 13th. Stockholders of record on Thursday, August 23rd will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, August 22nd. This represents a $0.80 annualized dividend and a dividend yield of 1.66%. Applied Materials’s payout ratio is 24.62%.

AMAT has been the topic of a number of research reports. Vetr lowered shares of Applied Materials from a “strong-buy” rating to a “buy” rating and set a $63.08 target price on the stock. in a research note on Tuesday, April 17th. Zacks Investment Research lowered shares of Applied Materials from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 17th. BidaskClub lowered shares of Applied Materials from a “buy” rating to a “hold” rating in a research note on Tuesday, June 12th. Goldman Sachs Group lowered shares of Applied Materials from a “buy” rating to a “neutral” rating in a research note on Friday, May 18th. Finally, Citigroup lifted their target price on shares of Applied Materials from $70.00 to $78.00 and gave the company a “buy” rating in a research note on Monday, May 14th. One analyst has rated the stock with a sell rating, six have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $63.72.

Applied Materials Company Profile

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