Achmea Investment Management B.V. Has $7.69 Million Holdings in Applied Materials, Inc. (AMAT)

Achmea Investment Management B.V. reduced its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 15.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 186,143 shares of the manufacturing equipment provider’s stock after selling 35,207 shares during the period. Achmea Investment Management B.V.’s holdings in Applied Materials were worth $7,687,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Commonwealth Bank of Australia increased its stake in Applied Materials by 2.7% in the 2nd quarter. Commonwealth Bank of Australia now owns 87,942 shares of the manufacturing equipment provider’s stock worth $3,632,000 after purchasing an additional 2,279 shares during the period. OMERS ADMINISTRATION Corp purchased a new position in Applied Materials in the 2nd quarter worth approximately $2,082,000. Bridgewater Associates LP purchased a new position in Applied Materials in the 2nd quarter worth approximately $8,834,000. MARSHALL WACE ASIA Ltd purchased a new position in Applied Materials in the 1st quarter worth approximately $113,715,000. Finally, BlackRock Inc. increased its stake in Applied Materials by 2,063.7% in 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 period. 79.45% of the stock is currently owned by institutional investors and hedge funds.

In other 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Thomas F. Larkins sold 30,000 shares of the firm’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $51.24, for a total value of $1,537,200.00. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by company insiders.

ILLEGAL ACTIVITY WARNING: “Achmea Investment Management B.V. Has $7.69 Million Holdings in Applied Materials, Inc. (AMAT)” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece on another publication, it was illegally copied and republished in violation of U.S. & international trademark and copyright laws. The original version of this piece can be viewed at https://ledgergazette.com/2017/10/19/achmea-investment-management-b-v-has-7-69-million-holdings-in-applied-materials-inc-amat.html.

AMAT has been the topic of a number of analyst reports. Vetr raised Applied Materials from a “hold” rating to a “buy” rating and set a $45.72 price target on the stock in a research note on Thursday, June 22nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $55.00 price target on shares of Applied Materials in a research note on Thursday, July 6th. Morgan Stanley reaffirmed an “overweight” rating and issued a $52.00 price target (up from $47.00) on shares of Applied Materials in a research note on Monday, July 10th. DA Davidson reaffirmed a “buy” rating and issued a $55.00 price target on shares of Applied Materials in a research note on Monday, July 10th. Finally, B. Riley reaffirmed a “buy” rating and issued a $56.00 price target on shares of Applied Materials in a research note on Tuesday, July 11th. Three analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $56.64.

Shares of Applied Materials, Inc. (NASDAQ:AMAT) traded down 0.676% on Thursday, reaching $54.966. The company’s stock had a trading volume of 2,029,134 shares. The firm has a market capitalization of $58.62 billion, a PE ratio of 19.540 and a beta of 1.86. The firm has a 50-day moving average price of $49.11 and a 200 day moving average price of $44.73. Applied Materials, Inc. has a one year low of $28.02 and a one year high of $55.61.

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 the consensus estimate of $0.84 by $0.02. The business had revenue of $3.74 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 32.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.50 EPS. On average, analysts anticipate that

Other institutional investors also recently made changes to their positions in the company. Commonwealth Bank of Australia increased its stake in Applied Materials by 2.7% in the 2nd quarter. Commonwealth Bank of Australia now owns 87,942 shares of the manufacturing equipment provider’s stock worth $3,632,000 after purchasing an additional 2,279 shares during the period. OMERS ADMINISTRATION Corp purchased a new position in Applied Materials in the 2nd quarter worth approximately $2,082,000. Bridgewater Associates LP purchased a new position in Applied Materials in the 2nd quarter worth approximately $8,834,000. MARSHALL WACE ASIA Ltd purchased a new position in Applied Materials in the 1st quarter worth approximately $113,715,000. Finally, BlackRock Inc. increased its stake in Applied Materials by 2,063.7% in 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 period. 79.45% of the stock is currently owned by institutional investors and hedge funds.

In other 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Thomas F. Larkins sold 30,000 shares of the firm’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $51.24, for a total value of $1,537,200.00. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by company insiders.

ILLEGAL ACTIVITY WARNING: “Achmea Investment Management B.V. Has $7.69 Million Holdings in Applied Materials, Inc. (AMAT)” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece on another publication, it was illegally copied and republished in violation of U.S. & international trademark and copyright laws. The original version of this piece can be viewed at https://ledgergazette.com/2017/10/19/achmea-investment-management-b-v-has-7-69-million-holdings-in-applied-materials-inc-amat.html.

AMAT has been the topic of a number of analyst reports. Vetr raised Applied Materials from a “hold” rating to a “buy” rating and set a $45.72 price target on the stock in a research note on Thursday, June 22nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $55.00 price target on shares of Applied Materials in a research note on Thursday, July 6th. Morgan Stanley reaffirmed an “overweight” rating and issued a $52.00 price target (up from $47.00) on shares of Applied Materials in a research note on Monday, July 10th. DA Davidson reaffirmed a “buy” rating and issued a $55.00 price target on shares of Applied Materials in a research note on Monday, July 10th. Finally, B. Riley reaffirmed a “buy” rating and issued a $56.00 price target on shares of Applied Materials in a research note on Tuesday, July 11th. Three analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $56.64.

Shares of Applied Materials, Inc. (NASDAQ:AMAT) traded down 0.676% on Thursday, reaching $54.966. The company’s stock had a trading volume of 2,029,134 shares. The firm has a market capitalization of $58.62 billion, a PE ratio of 19.540 and a beta of 1.86. The firm has a 50-day moving average price of $49.11 and a 200 day moving average price of $44.73. Applied Materials, Inc. has a one year low of $28.02 and a one year high of $55.61.

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 the consensus estimate of $0.84 by $0.02. The business had revenue of $3.74 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 32.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.50 EPS. On average, analysts anticipate that Applied Materials, Inc. will post $3.21 earnings per share for the current fiscal year.

The business also recently announced 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 presently 14.18%.

About Applied Materials

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

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