Applied Materials, Inc. (NASDAQ:AMAT) Shares Purchased by Fulton Bank N.A.

Fulton Bank N.A. boosted its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 4.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,361 shares of the manufacturing equipment provider’s stock after purchasing an additional 2,083 shares during the quarter. Fulton Bank N.A.’s holdings in Applied Materials were worth $2,172,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Squar Milner Financial Services LLC increased its stake in Applied Materials by 190.8% in the first quarter. Squar Milner Financial Services LLC now owns 698 shares of the manufacturing equipment provider’s stock valued at $27,000 after purchasing an additional 458 shares during the last quarter. Princeton Global Asset Management LLC acquired a new position in Applied Materials in the first quarter valued at $27,000. Lenox Wealth Advisors LLC increased its stake in Applied Materials by 73.7% in the first quarter. Lenox Wealth Advisors LLC now owns 780 shares of the manufacturing equipment provider’s stock valued at $31,000 after purchasing an additional 331 shares during the last quarter. Horan Capital Advisors LLC. acquired a new position in Applied Materials in the first quarter valued at $31,000. Finally, Cable Hill Partners LLC increased its stake in Applied Materials by 378.4% in the first quarter. Cable Hill Partners LLC now owns 799 shares of the manufacturing equipment provider’s stock valued at $32,000 after purchasing an additional 632 shares during the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

NASDAQ AMAT traded up $0.30 on Tuesday, hitting $51.03. 9,024,927 shares of the stock traded hands, compared to its average volume of 10,291,921. The company has a 50-day moving average price of $44.09. Applied Materials, Inc. has a twelve month low of $28.79 and a twelve month high of $51.32. The stock has a market capitalization of $44.76 billion, a P/E ratio of 11.47, a P/E/G ratio of 2.41 and a beta of 1.69. 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 announced its quarterly earnings data on Thursday, May 16th. The manufacturing equipment provider reported $0.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.04. Applied Materials had a return on equity of 47.88% and a net margin of 22.10%. The firm had revenue of $3.54 billion for the quarter, compared to analysts’ expectations of $3.48 billion. During the same quarter in the prior year, the firm posted $1.22 earnings per share. Applied Materials’s revenue for the quarter was down 22.7% compared to the same quarter last year. Research analysts expect that Applied Materials, Inc. will post 2.97 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 22nd will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date is Wednesday, August 21st. Applied Materials’s payout ratio is 18.88%.

AMAT has been the subject of a number of research reports. ValuEngine downgraded Vereit from a “buy” rating to a “hold” rating in a research report on Friday. Citigroup set a $8.00 price target on Diamond Offshore Drilling and gave the company a “sell” rating in a research report on Friday, May 17th. Craig Hallum downgraded Cray from a “buy” rating to a “hold” rating in a research report on Friday, May 17th. Susquehanna Bancshares initiated coverage on MKS Instruments in a research report on Wednesday, May 15th. They set a “positive” rating and a $123.00 price target for the company. Finally, Nomura lowered their price target on Signet Jewelers from $28.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, June 7th. Nine research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $50.52.

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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