Mn Services Vermogensbeheer B.V. Has $7.44 Million Stake in Applied Materials, Inc. (NASDAQ:AMAT)

Mn Services Vermogensbeheer B.V. increased its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 524.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,133 shares of the manufacturing equipment provider’s stock after buying an additional 151,307 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Applied Materials were worth $7,441,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Meeder Asset Management Inc. increased its stake in shares of Applied Materials by 16.9% in the second quarter. Meeder Asset Management Inc. now owns 109,648 shares of the manufacturing equipment provider’s stock valued at $4,529,000 after buying an additional 15,819 shares during the last quarter. National Pension Service increased its stake in shares of Applied Materials by 8.1% in the second quarter. National Pension Service now owns 923,224 shares of the manufacturing equipment provider’s stock valued at $38,258,000 after buying an additional 69,282 shares during the last quarter. Cottage Street Advisors LLC increased its stake in shares of Applied Materials by 9.0% in the second quarter. Cottage Street Advisors LLC now owns 28,450 shares of the manufacturing equipment provider’s stock valued at $1,175,000 after buying an additional 2,350 shares during the last quarter. Swedbank purchased a new stake in shares of Applied Materials during the second quarter valued at $135,363,000. Finally, CHURCHILL MANAGEMENT Corp increased its stake in shares of Applied Materials by 120.9% in the second quarter. CHURCHILL MANAGEMENT Corp now owns 21,897 shares of the manufacturing equipment provider’s stock valued at $905,000 after buying an additional 11,986 shares during the last quarter. Institutional investors own 79.33% of the company’s stock.

Applied Materials, Inc. (AMAT) traded up 2.74% during trading on Friday, reaching $44.30. 20,996,205 shares of the company’s stock traded hands. Applied Materials, Inc. has a 12 month low of $27.56 and a 12 month high of $47.86. The firm’s 50 day moving average is $44.44 and its 200-day moving average is $41.31. The company has a market capitalization of $47.45 billion, a price-to-earnings ratio of 15.75 and a beta of 1.82.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings data on Thursday, August 17th. The manufacturing equipment provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.02. The firm 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 42.08% and a net margin of 22.08%. The company’s quarterly revenue was up 32.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.50 EPS. Analysts expect that Applied Materials, Inc. will post $3.12 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders 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 0.90%. The ex-dividend date is Tuesday, August 22nd. Applied Materials’s payout ratio is 14.18%.

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A number of analysts recently commented on the stock. Vetr raised shares of Applied Materials from a “hold” rating to a “buy” rating and set a $48.70 price target on the stock in a report on Monday, July 24th. B. Riley reissued a “buy” rating and issued a $56.00 price objective on shares of Applied Materials in a research report on Sunday, July 16th. Cowen and Company reissued a “buy” rating and issued a $50.00 price objective on shares of Applied Materials in a research report on Friday, July 28th. Bank of America Corporation reissued a “buy” rating and issued a $54.00 price objective (up previously from $45.00) on shares of Applied Materials in a research report on Wednesday, May 17th. Finally, UBS AG reissued a “buy” rating and issued a $51.00 price objective (up previously from $44.00) on shares of Applied Materials in a research report on Wednesday, May 17th. Five investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $43.34.

Applied Materials Company Profile

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

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