Applied Materials, Inc. (AMAT) Position Raised by Mackenzie Financial Corp

Mackenzie Financial Corp increased its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 1.2% during the first quarter, Holdings Channel reports. The firm owned 654,990 shares of the manufacturing equipment provider’s stock after buying an additional 7,987 shares during the period. Mackenzie Financial Corp’s holdings in Applied Materials were worth $25,479,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Teachers Advisors LLC increased its stake in shares of Applied Materials by 2.8% in the fourth quarter. Teachers Advisors LLC now owns 3,956,864 shares of the manufacturing equipment provider’s stock worth $127,688,000 after buying an additional 109,324 shares during the period. Fisher Asset Management LLC bought a new stake in shares of Applied Materials during the first quarter worth approximately $371,000. Capital Management Corp VA increased its stake in shares of Applied Materials by 1.8% in the first quarter. Capital Management Corp VA now owns 231,324 shares of the manufacturing equipment provider’s stock worth $8,998,000 after buying an additional 4,076 shares during the period. Oxford Asset Management bought a new stake in shares of Applied Materials during the first quarter worth approximately $4,956,000. Finally, Karp Capital Management Corp bought a new stake in shares of Applied Materials during the first quarter worth approximately $17,549,000. Institutional investors own 80.02% of the company’s stock.

Applied Materials, Inc. (AMAT) opened at 43.54 on Monday. The firm has a market capitalization of $46.79 billion, a P/E ratio of 18.01 and a beta of 1.81. Applied Materials, Inc. has a 52-week low of $24.43 and a 52-week high of $47.86. The firm’s 50-day moving average is $44.46 and its 200 day moving average is $38.54.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results on Thursday, May 18th. The manufacturing equipment provider reported $0.79 EPS for the quarter, topping the consensus estimate of $0.76 by $0.03. Applied Materials had a net margin of 20.41% and a return on equity of 38.28%. The firm had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.54 billion. During the same period in the previous year, the firm posted $0.34 EPS. The company’s revenue for the quarter was up 44.7% on a year-over-year basis. Equities analysts anticipate that Applied Materials, Inc. will post $3.08 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 24th will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, August 22nd. This represents a $0.40 annualized dividend and a yield of 0.92%. Applied Materials’s dividend payout ratio (DPR) is presently 16.46%.

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A number of equities research analysts have recently commented on AMAT shares. Vetr upgraded Applied Materials from a “buy” rating to a “strong-buy” rating and set a $42.81 price objective for the company in a research report on Tuesday, April 11th. Stifel Nicolaus increased their price objective on Applied Materials from $42.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, May 15th. Citigroup Inc. reiterated a “buy” rating and set a $50.00 price objective on shares of Applied Materials in a research report on Wednesday, May 17th. Deutsche Bank AG reiterated a “buy” rating and set a $48.00 price objective (up previously from $45.00) on shares of Applied Materials in a research report on Friday, May 19th. Finally, Credit Suisse Group upgraded Applied Materials to a “buy” rating and set a $54.00 target price for the company in a report on Friday, May 19th. Four equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $44.93.

About Applied Materials

Want to see what other hedge funds are holding AMAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Applied Materials, Inc. (NASDAQ:AMAT).

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

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