Achmea Investment Management B.V. Sells 61,930 Shares of Applied Materials, Inc. (AMAT)

Achmea Investment Management B.V. decreased its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 23.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 198,830 shares of the manufacturing equipment provider’s stock after selling 61,930 shares during the period. Achmea Investment Management B.V.’s holdings in Applied Materials were worth $7,681,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in AMAT. American Century Companies Inc. grew its position in shares of Applied Materials by 25.8% during the second quarter. American Century Companies Inc. now owns 13,874,509 shares of the manufacturing equipment provider’s stock worth $640,864,000 after acquiring an additional 2,844,738 shares during the last quarter. Global Thematic Partners LLC bought a new position in shares of Applied Materials during the third quarter worth about $105,571,000. Lansdowne Partners UK LLP grew its position in shares of Applied Materials by 84.5% during the second quarter. Lansdowne Partners UK LLP now owns 5,059,866 shares of the manufacturing equipment provider’s stock worth $233,714,000 after acquiring an additional 2,316,763 shares during the last quarter. Fred Alger Management Inc. grew its position in shares of Applied Materials by 34.4% during the second quarter. Fred Alger Management Inc. now owns 6,835,353 shares of the manufacturing equipment provider’s stock worth $315,725,000 after acquiring an additional 1,751,306 shares during the last quarter. Finally, Swedbank grew its position in shares of Applied Materials by 41.6% during the third quarter. Swedbank now owns 5,130,548 shares of the manufacturing equipment provider’s stock worth $198,296,000 after acquiring an additional 1,506,568 shares during the last quarter. Institutional investors and hedge funds own 77.40% of the company’s stock.

Shares of NASDAQ AMAT opened at $34.94 on Friday. Applied Materials, Inc. has a twelve month low of $30.53 and a twelve month high of $62.40. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.52 and a quick ratio of 1.67. The stock has a market capitalization of $34.28 billion, a price-to-earnings ratio of 10.75, a price-to-earnings-growth ratio of 0.96 and a beta of 1.60.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results on Thursday, August 16th. The manufacturing equipment provider reported $1.20 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $4.42 billion. During the same period in the prior year, the company earned $0.86 EPS. Applied Materials’s revenue was up 19.3% on a year-over-year basis. On average, equities research analysts forecast that Applied Materials, Inc. will post 4.45 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Friday, November 23rd will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Wednesday, November 21st. Applied Materials’s dividend payout ratio is presently 24.62%.

Several equities analysts have recently commented on AMAT shares. Bank of America lowered shares of Applied Materials from a “buy” rating to a “neutral” rating and set a $65.00 price target for the company. in a research report on Tuesday, August 28th. Morgan Stanley lowered shares of Applied Materials from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $58.00 to $54.00 in a research report on Thursday, August 9th. Citigroup decreased their target price on shares of Applied Materials from $68.00 to $57.00 and set a “buy” rating for the company in a research report on Tuesday, September 25th. ValuEngine lowered shares of Applied Materials from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 23rd. Finally, Cowen upgraded shares of Applied Materials from a “market perform” rating to an “outperform” rating and increased their target price for the company from $60.00 to $62.00 in a research report on Monday, August 6th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $59.50.

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Applied Materials Profile

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

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