Applied Materials, Inc. (AMAT) Shares Bought by Eqis Capital Management Inc.

Eqis Capital Management Inc. lifted its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 291.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,177 shares of the manufacturing equipment provider’s stock after purchasing an additional 19,495 shares during the period. Eqis Capital Management Inc.’s holdings in Applied Materials were worth $1,364,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of AMAT. BlackRock Inc. increased its stake in shares of Applied Materials by 2,063.7% during the 1st quarter. BlackRock Inc. now owns 67,009,706 shares of the manufacturing equipment provider’s stock worth $2,606,676,000 after purchasing an additional 63,912,660 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Applied Materials by 390.4% during the 2nd quarter. Janus Henderson Group PLC now owns 11,446,282 shares of the manufacturing equipment provider’s stock worth $472,835,000 after purchasing an additional 9,112,328 shares during the last quarter. FMR LLC increased its stake in shares of Applied Materials by 16.8% during the 1st quarter. FMR LLC now owns 32,013,147 shares of the manufacturing equipment provider’s stock worth $1,245,311,000 after purchasing an additional 4,604,275 shares during the last quarter. Swedbank purchased a new stake in shares of Applied Materials during the 2nd quarter worth approximately $135,363,000. Finally, MARSHALL WACE ASIA Ltd purchased a new stake in shares of Applied Materials during the 1st quarter worth approximately $113,715,000. Institutional investors own 79.45% of the company’s stock.

Several brokerages have recently issued reports on AMAT. B. Riley restated a “buy” rating and set a $56.00 price target on shares of Applied Materials in a research note on Tuesday, July 11th. Instinet reaffirmed a “buy” rating and issued a $55.00 price objective (up from $50.00) on shares of Applied Materials in a report on Saturday, September 30th. Craig Hallum reaffirmed a “buy” rating and issued a $76.00 price objective (up from $60.00) on shares of Applied Materials in a report on Thursday, September 28th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Applied Materials in a report on Sunday, October 1st. Finally, Vetr raised shares of Applied Materials from a “buy” rating to a “strong-buy” rating and set a $48.16 price objective for the company in a report on Thursday, August 10th. Three research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. Applied Materials presently has an average rating of “Buy” and an average price target of $56.64.

In other Applied Materials news, Director Alexander Karsner sold 22,762 shares of the stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $44.03, for a total transaction of $1,002,210.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas F. Larkins sold 30,000 shares of the stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $51.24, for a total transaction of $1,537,200.00. The disclosure for this sale can be found here. 0.31% of the stock is owned by company insiders.

Shares of Applied Materials, Inc. (NASDAQ:AMAT) traded up 1.509% during trading on Friday, reaching $56.165. 2,648,142 shares of the company were exchanged. The company has a market capitalization of $59.90 billion, a price-to-earnings ratio of 19.966 and a beta of 1.86. The stock’s 50 day moving average is $49.39 and its 200 day moving average is $44.80. Applied Materials, Inc. has a 1-year low of $28.02 and a 1-year high of $56.24.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings data on Thursday, August 17th. The manufacturing equipment provider reported $0.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.02. Applied Materials had a net margin of 22.08% and a return on equity of 40.74%. The business had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter last year, the business earned $0.50 earnings per share. Applied Materials’s quarterly revenue was up 32.7% compared to the same quarter last year. Equities analysts anticipate that Applied Materials, Inc. will post $3.21 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Friday, November 24th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.40 annualized dividend and a yield of 0.72%. Applied Materials’s dividend payout ratio (DPR) is currently 14.18%.

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Several other hedge funds also recently modified their holdings of AMAT. BlackRock Inc. increased its stake in shares of Applied Materials by 2,063.7% during the 1st quarter. BlackRock Inc. now owns 67,009,706 shares of the manufacturing equipment provider’s stock worth $2,606,676,000 after purchasing an additional 63,912,660 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Applied Materials by 390.4% during the 2nd quarter. Janus Henderson Group PLC now owns 11,446,282 shares of the manufacturing equipment provider’s stock worth $472,835,000 after purchasing an additional 9,112,328 shares during the last quarter. FMR LLC increased its stake in shares of Applied Materials by 16.8% during the 1st quarter. FMR LLC now owns 32,013,147 shares of the manufacturing equipment provider’s stock worth $1,245,311,000 after purchasing an additional 4,604,275 shares during the last quarter. Swedbank purchased a new stake in shares of Applied Materials during the 2nd quarter worth approximately $135,363,000. Finally, MARSHALL WACE ASIA Ltd purchased a new stake in shares of Applied Materials during the 1st quarter worth approximately $113,715,000. Institutional investors own 79.45% of the company’s stock.

Several brokerages have recently issued reports on AMAT. B. Riley restated a “buy” rating and set a $56.00 price target on shares of Applied Materials in a research note on Tuesday, July 11th. Instinet reaffirmed a “buy” rating and issued a $55.00 price objective (up from $50.00) on shares of Applied Materials in a report on Saturday, September 30th. Craig Hallum reaffirmed a “buy” rating and issued a $76.00 price objective (up from $60.00) on shares of Applied Materials in a report on Thursday, September 28th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Applied Materials in a report on Sunday, October 1st. Finally, Vetr raised shares of Applied Materials from a “buy” rating to a “strong-buy” rating and set a $48.16 price objective for the company in a report on Thursday, August 10th. Three research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. Applied Materials presently has an average rating of “Buy” and an average price target of $56.64.

In other Applied Materials news, Director Alexander Karsner sold 22,762 shares of the stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $44.03, for a total transaction of $1,002,210.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas F. Larkins sold 30,000 shares of the stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $51.24, for a total transaction of $1,537,200.00. The disclosure for this sale can be found here. 0.31% of the stock is owned by company insiders.

Shares of Applied Materials, Inc. (NASDAQ:AMAT) traded up 1.509% during trading on Friday, reaching $56.165. 2,648,142 shares of the company were exchanged. The company has a market capitalization of $59.90 billion, a price-to-earnings ratio of 19.966 and a beta of 1.86. The stock’s 50 day moving average is $49.39 and its 200 day moving average is $44.80. Applied Materials, Inc. has a 1-year low of $28.02 and a 1-year high of $56.24.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings data on Thursday, August 17th. The manufacturing equipment provider reported $0.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.02. Applied Materials had a net margin of 22.08% and a return on equity of 40.74%. The business had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter last year, the business earned $0.50 earnings per share. Applied Materials’s quarterly revenue was up 32.7% compared to the same quarter last year. Equities analysts anticipate that Applied Materials, Inc. will post $3.21 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Friday, November 24th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.40 annualized dividend and a yield of 0.72%. Applied Materials’s dividend payout ratio (DPR) is currently 14.18%.

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Applied Materials Profile

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

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