Delta Lloyd Asset Management N.V. purchased a new stake in Applied Materials, Inc. (NASDAQ:AMAT) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 169,368 shares of the manufacturing equipment provider’s stock, valued at approximately $6,997,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. State of Alaska Department of Revenue bought a new stake in Applied Materials in the first quarter valued at $114,000. Clean Yield Group bought a new stake in Applied Materials in the first quarter valued at $124,000. Bessemer Group Inc. increased its stake in Applied Materials by 145.4% in the second quarter. Bessemer Group Inc. now owns 3,067 shares of the manufacturing equipment provider’s stock valued at $126,000 after purchasing an additional 1,817 shares in the last quarter. Hanson McClain Inc. increased its stake in Applied Materials by 4.3% in the first quarter. Hanson McClain Inc. now owns 3,360 shares of the manufacturing equipment provider’s stock valued at $131,000 after purchasing an additional 139 shares in the last quarter. Finally, First Interstate Bank increased its stake in Applied Materials by 7.0% in the first quarter. First Interstate Bank now owns 3,528 shares of the manufacturing equipment provider’s stock valued at $137,000 after purchasing an additional 232 shares in the last quarter. 79.67% of the stock is owned by hedge funds and other institutional investors.
Shares of Applied Materials, Inc. (NASDAQ:AMAT) opened at 47.14 on Friday. The company’s 50 day moving average is $44.31 and its 200-day moving average is $42.57. Applied Materials, Inc. has a 52 week low of $27.56 and a 52 week high of $47.86. The stock has a market capitalization of $50.27 billion, a PE ratio of 16.76 and a beta of 1.81.
Applied Materials (NASDAQ:AMAT) last announced its earnings results on Thursday, August 17th. The manufacturing equipment provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.02. The firm had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.69 billion. Applied Materials had a return on equity of 40.74% and a net margin of 22.08%. The business’s revenue was up 32.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.50 EPS. On average, equities analysts predict that Applied Materials, Inc. will post $3.20 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Friday, November 24th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.40 dividend on an annualized basis and a yield of 0.85%. Applied Materials’s payout ratio is currently 14.18%.
In other Applied Materials news, Director Alexander Karsner sold 22,762 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $44.03, for a total value of $1,002,210.86. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.31% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This piece was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece on another domain, it was stolen and reposted in violation of international trademark & copyright laws. The correct version of this piece can be viewed at https://ledgergazette.com/2017/09/17/delta-lloyd-asset-management-n-v-acquires-new-stake-in-applied-materials-inc-amat.html.
AMAT has been the subject of several recent research reports. Stifel Nicolaus boosted their target price on shares of Applied Materials from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Sunday, May 21st. Credit Suisse Group reissued a “buy” rating on shares of Applied Materials in a research report on Tuesday, August 29th. Vetr raised shares of Applied Materials from a “buy” rating to a “strong-buy” rating and set a $46.48 target price for the company in a research report on Thursday, June 29th. Instinet reissued a “buy” rating and set a $47.00 target price (up from $40.00) on shares of Applied Materials in a research report on Sunday, May 21st. Finally, Needham & Company LLC boosted their target price on shares of Applied Materials from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Sunday, May 21st. Four investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $51.55.
About Applied Materials
Receive News & Ratings for Applied Materials Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Materials Inc. and related companies with MarketBeat.com's FREE daily email newsletter.