Delta Lloyd Asset Management N.V. Buys New Stake in Applied Materials, Inc. (NASDAQ:AMAT)

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.

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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

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

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