Delta Lloyd NV reduced its position in Applied Materials, Inc. (NASDAQ:AMAT) by 7.5% during the first quarter, Holdings Channel reports. The fund owned 161,447 shares of the manufacturing equipment provider’s stock after selling 13,095 shares during the period. Delta Lloyd NV’s holdings in Applied Materials were worth $6,556,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Teachers Advisors LLC raised its position in 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 last quarter. Fisher Asset Management LLC bought a new position in Applied Materials during the first quarter valued at approximately $371,000. Capital Management Corp VA increased its position in 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 valued at $8,998,000 after buying an additional 4,076 shares during the period. Oxford Asset Management bought a new position in Applied Materials during the first quarter valued at approximately $4,956,000. Finally, Karp Capital Management Corp bought a new position in Applied Materials during the first quarter valued at approximately $17,549,000. Institutional investors and hedge funds own 80.44% of the company’s stock.

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

Shares of Applied Materials, Inc. (AMAT) opened at 43.11 on Friday. Applied Materials, Inc. has a 52 week low of $22.17 and a 52 week high of $47.86. The stock has a 50 day moving average of $44.11 and a 200 day moving average of $37.81. The stock has a market cap of $46.33 billion, a P/E ratio of 17.83 and a beta of 1.81.

Applied Materials (NASDAQ:AMAT) last posted 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 return on equity of 38.28% and a net margin of 20.41%. The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.54 billion. During the same quarter in the previous year, the firm earned $0.34 EPS. The company’s quarterly revenue was up 44.7% compared to the same quarter last year. On average, analysts expect that Applied Materials, Inc. will post $3.08 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 24th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $0.40 annualized dividend and a dividend yield of 0.93%. Applied Materials’s dividend payout ratio is presently 16.46%.

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Several equities analysts have recently commented on the stock. B. Riley reissued a “buy” rating and issued a $44.00 target price on shares of Applied Materials in a report on Saturday, February 18th. Royal Bank Of Canada reissued a “hold” rating and issued a $35.00 target price on shares of Applied Materials in a report on Tuesday, April 25th. Bank of America Corporation reissued a “buy” rating and issued a $54.00 target price (up previously from $45.00) on shares of Applied Materials in a report on Wednesday, May 17th. Needham & Company LLC boosted their target price on shares of Applied Materials from $43.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, May 15th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $47.00 target price (up previously from $37.00) on shares of Applied Materials in a report on Sunday, May 21st. Four equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $44.75.

Applied Materials Company Profile

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