Strs Ohio Grows Holdings in Applied Materials, Inc. (NASDAQ:AMAT)

Strs Ohio lifted its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 2.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 813,620 shares of the manufacturing equipment provider’s stock after buying an additional 17,364 shares during the quarter. Strs Ohio owned approximately 0.09% of Applied Materials worth $36,539,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. XR Securities LLC purchased a new stake in shares of Applied Materials in the 1st quarter worth about $619,000. Chemical Bank grew its position in shares of Applied Materials by 3.5% in the 1st quarter. Chemical Bank now owns 26,575 shares of the manufacturing equipment provider’s stock worth $1,054,000 after buying an additional 900 shares during the period. Fiduciary Trust Co. purchased a new stake in shares of Applied Materials in the 1st quarter worth about $287,000. Motley Fool Asset Management LLC grew its position in shares of Applied Materials by 11.9% in the 1st quarter. Motley Fool Asset Management LLC now owns 14,301 shares of the manufacturing equipment provider’s stock worth $567,000 after buying an additional 1,521 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its position in shares of Applied Materials by 18.5% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 380,562 shares of the manufacturing equipment provider’s stock worth $16,366,000 after buying an additional 59,509 shares during the period. 77.63% of the stock is currently owned by hedge funds and other institutional investors.

AMAT traded up $0.30 during midday trading on Tuesday, hitting $45.77. 3,257,732 shares of the company traded hands, compared to its average volume of 9,299,061. The company has a quick ratio of 1.77, a current ratio of 2.79 and a debt-to-equity ratio of 0.65. The firm has a market cap of $42.56 billion, a price-to-earnings ratio of 10.28, a PEG ratio of 2.41 and a beta of 1.68. The firm has a 50-day moving average of $46.16. Applied Materials, Inc. has a 52 week low of $28.79 and a 52 week high of $52.42.

Applied Materials (NASDAQ:AMAT) last posted its earnings results 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. The business had revenue of $3.54 billion for the quarter, compared to analysts’ expectations of $3.48 billion. Applied Materials had a net margin of 22.10% and a return on equity of 47.88%. The business’s revenue for the quarter was down 22.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.22 EPS. On average, analysts expect that Applied Materials, Inc. will post 2.96 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 22nd will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Wednesday, August 21st. Applied Materials’s dividend payout ratio is currently 18.88%.

AMAT has been the topic of a number of recent research reports. Bank of America reaffirmed a “neutral” rating and issued a $52.00 target price (up from $45.00) on shares of Applied Materials in a research report on Friday, May 17th. Citigroup upped their target price on shares of Applied Materials from $51.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. DA Davidson downgraded shares of Applied Materials from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $55.00 to $45.00 in a research report on Monday, July 8th. Needham & Company LLC reiterated a “buy” rating and issued a $52.00 price target on shares of Applied Materials in a research note on Sunday, May 19th. Finally, Wells Fargo & Co reiterated an “outperform” rating on shares of Applied Materials in a research note on Thursday, June 20th. Ten analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $50.52.

Applied Materials Company 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.

Read More: 12b-1 Fees

Institutional Ownership by Quarter for Applied Materials (NASDAQ:AMAT)

Receive News & Ratings for Applied Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Materials and related companies with MarketBeat.com's FREE daily email newsletter.