Applied Materials, Inc. (NASDAQ:AMAT) Shares Sold by Kintegral Advisory LLC

Kintegral Advisory LLC cut its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 25.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,707 shares of the manufacturing equipment provider’s stock after selling 11,342 shares during the quarter. Applied Materials comprises approximately 0.8% of Kintegral Advisory LLC’s portfolio, making the stock its 28th largest holding. Kintegral Advisory LLC’s holdings in Applied Materials were worth $7,955,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. JT Stratford LLC increased its stake in Applied Materials by 0.4% in the 1st quarter. JT Stratford LLC now owns 10,890 shares of the manufacturing equipment provider’s stock valued at $2,246,000 after buying an additional 48 shares during the period. Financial Management Professionals Inc. boosted its holdings in shares of Applied Materials by 5.6% during the 1st quarter. Financial Management Professionals Inc. now owns 924 shares of the manufacturing equipment provider’s stock worth $191,000 after buying an additional 49 shares during the period. WASHINGTON TRUST Co boosted its holdings in shares of Applied Materials by 3.3% during the 2nd quarter. WASHINGTON TRUST Co now owns 1,556 shares of the manufacturing equipment provider’s stock worth $367,000 after buying an additional 49 shares during the period. Optimum Investment Advisors boosted its holdings in shares of Applied Materials by 1.3% during the 2nd quarter. Optimum Investment Advisors now owns 4,016 shares of the manufacturing equipment provider’s stock worth $948,000 after buying an additional 50 shares during the period. Finally, SlateStone Wealth LLC boosted its holdings in shares of Applied Materials by 4.7% during the 2nd quarter. SlateStone Wealth LLC now owns 1,105 shares of the manufacturing equipment provider’s stock worth $261,000 after buying an additional 50 shares during the period. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $250.00 price objective on shares of Applied Materials in a report on Friday, August 16th. Susquehanna upped their target price on shares of Applied Materials from $160.00 to $185.00 and gave the company a “neutral” rating in a research note on Thursday, May 16th. TD Cowen increased their price objective on shares of Applied Materials from $245.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Applied Materials from $260.00 to $230.00 and set a “hold” rating for the company in a research note on Friday, August 16th. Finally, Citigroup dropped their price objective on shares of Applied Materials from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, Applied Materials currently has a consensus rating of “Moderate Buy” and a consensus target price of $233.14.

Applied Materials Trading Down 1.5 %

Shares of NASDAQ AMAT traded down $2.88 during mid-day trading on Wednesday, hitting $192.89. The company’s stock had a trading volume of 6,403,538 shares, compared to its average volume of 5,997,060. The stock has a market cap of $159.71 billion, a price-to-earnings ratio of 22.17, a price-to-earnings-growth ratio of 2.45 and a beta of 1.56. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.80 and a quick ratio of 1.97. Applied Materials, Inc. has a one year low of $129.21 and a one year high of $255.89. The company’s fifty day simple moving average is $217.70 and its 200-day simple moving average is $211.54.

Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, August 15th. The manufacturing equipment provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.10. Applied Materials had a net margin of 27.57% and a return on equity of 41.22%. The company had revenue of $6.78 billion for the quarter, compared to analyst estimates of $6.68 billion. During the same quarter last year, the firm earned $1.90 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, sell-side analysts anticipate that Applied Materials, Inc. will post 8.31 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

The firm 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 $0.40 dividend. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $1.60 dividend on an annualized basis and a yield of 0.83%. Applied Materials’s payout ratio is 18.39%.

Insider Activity

In other news, SVP Teri A. Little sold 2,500 shares of Applied Materials stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $221.62, for a total transaction of $554,050.00. Following the transaction, the senior vice president now owns 76,212 shares in the company, valued at approximately $16,890,103.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Teri A. Little sold 2,500 shares of Applied Materials stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $221.62, for a total transaction of $554,050.00. Following the transaction, the senior vice president now owns 76,212 shares in the company, valued at approximately $16,890,103.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Teri A. Little sold 7,500 shares of Applied Materials stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $213.02, for a total value of $1,597,650.00. Following the transaction, the senior vice president now owns 78,712 shares in the company, valued at approximately $16,767,230.24. The disclosure for this sale can be found here. Insiders have sold 69,827 shares of company stock worth $16,935,760 in the last 90 days. Corporate insiders own 0.29% of the company’s stock.

Applied Materials Profile

Applied Materials, Inc engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company 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.