Mn Services Vermogensbeheer B.V. trimmed its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 3.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 161,733 shares of the manufacturing equipment provider’s stock after selling 5,500 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Applied Materials were worth $6,251,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Capital Management Associates NY bought a new stake in Applied Materials during the second quarter valued at $280,000. Credit Agricole S A boosted its position in Applied Materials by 5,016.8% during the second quarter. Credit Agricole S A now owns 24,100 shares of the manufacturing equipment provider’s stock valued at $1,113,000 after acquiring an additional 23,629 shares during the last quarter. American Money Management LLC boosted its position in Applied Materials by 19.2% during the second quarter. American Money Management LLC now owns 21,660 shares of the manufacturing equipment provider’s stock valued at $1,000,000 after acquiring an additional 3,495 shares during the last quarter. Amussen Hunsaker Associates LLC bought a new stake in Applied Materials during the second quarter valued at $162,000. Finally, Quattro Financial Advisors LLC bought a new stake in Applied Materials during the third quarter valued at $1,088,000. Institutional investors and hedge funds own 77.40% of the company’s stock.
AMAT has been the topic of a number of research analyst reports. Citigroup cut their price target on shares of Applied Materials from $68.00 to $57.00 and set a “buy” rating on the stock in a research report on Tuesday, September 25th. Zacks Investment Research cut shares of Applied Materials from a “hold” rating to a “sell” rating in a research report on Wednesday, October 17th. Royal Bank of Canada reaffirmed a “hold” rating and set a $50.00 price target on shares of Applied Materials in a research report on Friday, August 17th. Susquehanna Bancshares cut their price target on shares of Applied Materials from $73.00 to $65.00 and set a “positive” rating on the stock in a research report on Monday, July 9th. Finally, BidaskClub raised shares of Applied Materials from a “strong sell” rating to a “sell” rating in a research report on Friday. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Applied Materials presently has a consensus rating of “Hold” and a consensus target price of $59.50.
AMAT stock opened at $34.32 on Tuesday. The stock has a market cap of $34.67 billion, a PE ratio of 10.56, a P/E/G ratio of 0.97 and a beta of 1.60. The company has a current ratio of 2.52, a quick ratio of 1.67 and a debt-to-equity ratio of 0.78. Applied Materials, Inc. has a 1 year low of $30.53 and a 1 year high of $62.40.
Applied Materials (NASDAQ:AMAT) last released its quarterly earnings data on Thursday, August 16th. The manufacturing equipment provider reported $1.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.17 by $0.03. Applied Materials had a net margin of 19.87% and a return on equity of 58.23%. The company had revenue of $4.47 billion for the quarter, compared to analysts’ expectations of $4.42 billion. During the same quarter in the prior year, the firm earned $0.86 EPS. The business’s revenue was up 19.3% on a year-over-year basis. As a group, sell-side analysts expect that Applied Materials, Inc. will post 4.45 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Friday, November 23rd will be given a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, November 21st. This represents a $0.80 annualized dividend and a yield of 2.33%. Applied Materials’s payout ratio is 24.62%.
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About Applied Materials
Applied Materials, Inc engages in the provision of materials engineering solutions used to produce new chip and advanced display. It operates through the following segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment includes semiconductor capital equipment for deposition, etch, ion implantation, rapid thermal processing, chemical mechanical planarization, metrology and inspection, and wafer level packaging.
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