Delta Lloyd Asset Management N.V. acquired a new position in shares of Applied Materials, Inc. (NASDAQ:AMAT) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 169,368 shares of the manufacturing equipment provider’s stock, valued at approximately $6,997,000.

Other hedge funds also recently added to or reduced their stakes in the company. Swiss National Bank raised its stake in Applied Materials by 3.0% in the second quarter. Swiss National Bank now owns 3,945,322 shares of the manufacturing equipment provider’s stock worth $162,981,000 after buying an additional 115,300 shares during the period. Bronfman E.L. Rothschild L.P. raised its stake in Applied Materials by 18.5% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 4,534 shares of the manufacturing equipment provider’s stock worth $187,000 after buying an additional 709 shares during the period. Pacad Investment Ltd. raised its stake in Applied Materials by 0.4% in the second quarter. Pacad Investment Ltd. now owns 167,429 shares of the manufacturing equipment provider’s stock worth $6,916,000 after buying an additional 750 shares during the period. Mark Sheptoff Financial Planning LLC raised its stake in Applied Materials by 0.6% in the second quarter. Mark Sheptoff Financial Planning LLC now owns 36,130 shares of the manufacturing equipment provider’s stock worth $1,493,000 after buying an additional 202 shares during the period. Finally, Evanston Investments Inc. dba Evanston Advisors raised its stake in Applied Materials by 2,715.9% in the second quarter. Evanston Investments Inc. dba Evanston Advisors now owns 170,280 shares of the manufacturing equipment provider’s stock worth $7,034,000 after buying an additional 164,233 shares during the period. 79.05% of the stock is owned by hedge funds and other institutional investors.

Applied Materials, Inc. (AMAT) opened at 45.10 on Friday. Applied Materials, Inc. has a one year low of $27.56 and a one year high of $47.86. The stock’s 50 day moving average price is $44.64 and its 200 day moving average price is $41.95. The company has a market capitalization of $48.10 billion, a P/E ratio of 16.03 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 the Thomson Reuters’ consensus estimate of $0.84 by $0.02. Applied Materials had a return on equity of 40.74% and a net margin of 22.08%. The company had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same period in the prior year, the company posted $0.50 EPS. The firm’s quarterly revenue was up 32.7% compared to the same quarter last year. Equities analysts anticipate that Applied Materials, Inc. will post $3.21 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 24th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend is Tuesday, August 22nd. Applied Materials’s dividend payout ratio is currently 14.18%.

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A number of research firms have recently weighed in on AMAT. Credit Suisse Group reissued a “buy” rating on shares of Applied Materials in a research note on Tuesday. B. Riley restated a “buy” rating and set a $61.00 target price on shares of Applied Materials in a report on Thursday, August 24th. Susquehanna Bancshares Inc restated a “neutral” rating and set a $42.00 target price on shares of Applied Materials in a report on Monday, August 21st. Instinet restated a “buy” rating and set a $50.00 target price (up previously from $47.00) on shares of Applied Materials in a report on Monday, August 21st. Finally, Argus upped their target price on Applied Materials from $44.30 to $52.00 and gave the company a “buy” rating in a report on Monday, August 21st. Four investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $51.44.

In related news, Director Alexander Karsner sold 22,762 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $44.03, for a total transaction of $1,002,210.86. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.31% of the company’s stock.

Applied Materials Company Profile

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

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