Applied Materials, Inc. (NASDAQ:AMAT) Shares Bought by Harbour Capital Advisors LLC

Harbour Capital Advisors LLC boosted its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 2,899.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 164,207 shares of the manufacturing equipment provider’s stock after buying an additional 158,732 shares during the period. Harbour Capital Advisors LLC’s holdings in Applied Materials were worth $3,975,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Applied Materials by 3.4% in the first quarter. Vanguard Group Inc. now owns 73,362,409 shares of the manufacturing equipment provider’s stock worth $2,853,797,000 after buying an additional 2,441,471 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Applied Materials by 2,063.7% in the first quarter. BlackRock Inc. now owns 67,009,706 shares of the manufacturing equipment provider’s stock worth $2,606,676,000 after buying an additional 63,912,660 shares during the last quarter. FMR LLC boosted its stake in shares of Applied Materials by 16.8% in the first quarter. FMR LLC now owns 32,013,147 shares of the manufacturing equipment provider’s stock worth $1,245,311,000 after buying an additional 4,604,275 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Applied Materials by 32.9% in the first quarter. Ameriprise Financial Inc. now owns 12,887,690 shares of the manufacturing equipment provider’s stock valued at $501,248,000 after buying an additional 3,191,737 shares in the last quarter. Finally, Egerton Capital UK LLP bought a new position in Applied Materials during the first quarter valued at $452,897,000. 79.33% of the stock is currently owned by institutional investors.

Shares of Applied Materials, Inc. (NASDAQ:AMAT) traded up 2.74% during mid-day trading on Friday, hitting $44.30. 20,996,205 shares of the stock were exchanged. The stock has a market cap of $47.45 billion, a PE ratio of 15.75 and a beta of 1.82. The stock’s 50 day moving average is $44.44 and its 200-day moving average is $41.31. Applied Materials, Inc. has a 12 month low of $27.56 and a 12 month high of $47.86.

Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, August 17th. The manufacturing equipment provider reported $0.86 EPS for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.02. Applied Materials had a return on equity of 42.08% and a net margin of 22.08%. The firm had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the prior year, the firm earned $0.50 earnings per share. Applied Materials’s revenue for the quarter was up 32.7% on a year-over-year basis. On average, analysts anticipate that Applied Materials, Inc. will post $3.12 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 24th will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $0.40 annualized dividend and a yield of 0.90%. Applied Materials’s dividend payout ratio is presently 14.18%.

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A number of research analysts have issued reports on the stock. Vetr upgraded shares of Applied Materials from a “hold” rating to a “buy” rating and set a $48.70 target price on the stock in a research report on Monday, July 24th. B. Riley reiterated a “buy” rating and set a $56.00 price target on shares of Applied Materials in a research report on Sunday, July 16th. Cowen and Company reissued a “buy” rating and issued a $50.00 price objective on shares of Applied Materials in a research note on Friday, July 28th. Bank of America Corporation reaffirmed a “buy” rating and set a $54.00 price target (up previously from $45.00) on shares of Applied Materials in a research note on Wednesday, May 17th. Finally, Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $40.00 price target (up previously from $35.00) on shares of Applied Materials in a research note on Wednesday, May 17th. Five equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $42.62.

Applied Materials Company Profile

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

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