Robeco Institutional Asset Management B.V. Boosts Stake in Applied Materials, Inc. (NASDAQ:AMAT)

Robeco Institutional Asset Management B.V. raised its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 52.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,825,947 shares of the manufacturing equipment provider’s stock after buying an additional 625,034 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.20% of Applied Materials worth $91,116,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Sandy Spring Bank boosted its position in Applied Materials by 57.4% in the 2nd quarter. Sandy Spring Bank now owns 787 shares of the manufacturing equipment provider’s stock valued at $35,000 after buying an additional 287 shares during the period. Next Capital Management LLC purchased a new position in Applied Materials in the 2nd quarter valued at approximately $35,000. Coastal Capital Group Inc. purchased a new position in Applied Materials in the 2nd quarter valued at approximately $36,000. Motco purchased a new position in Applied Materials in the 2nd quarter valued at approximately $50,000. Finally, Wealthcare Advisory Partners LLC boosted its position in Applied Materials by 140.1% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 1,587 shares of the manufacturing equipment provider’s stock valued at $71,000 after buying an additional 926 shares during the period. 78.88% of the stock is owned by institutional investors.

Shares of AMAT traded down $0.44 during midday trading on Friday, reaching $51.70. The stock had a trading volume of 533,118 shares, compared to its average volume of 6,692,170. Applied Materials, Inc. has a 1-year low of $28.79 and a 1-year high of $53.25. The company’s fifty day simple moving average is $50.42 and its two-hundred day simple moving average is $45.62. The company has a market cap of $48.88 billion, a price-to-earnings ratio of 11.62, a PEG ratio of 3.53 and a beta of 1.65. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.65 and a quick ratio of 1.72.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings results on Thursday, August 15th. The manufacturing equipment provider reported $0.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.04. Applied Materials had a net margin of 19.40% and a return on equity of 39.37%. The firm had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.53 billion. During the same period last year, the business earned $1.20 EPS. Applied Materials’s revenue for the quarter was down 14.4% compared to the same quarter last year. On average, sell-side analysts forecast that Applied Materials, Inc. will post 3 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $0.84 annualized dividend and a yield of 1.62%. Applied Materials’s dividend payout ratio is currently 18.88%.

Several equities analysts have commented on the stock. Wells Fargo & Co reissued a “positive” rating and issued a $58.00 price target (up previously from $52.00) on shares of Applied Materials in a research report on Wednesday, September 18th. B. Riley set a $54.00 price target on shares of Applied Materials and gave the company a “buy” rating in a research report on Friday, August 16th. Nomura set a $40.00 price target on shares of Applied Materials and gave the company a “hold” rating in a research report on Friday, August 16th. ValuEngine lowered shares of Applied Materials from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $54.00 price objective on shares of Applied Materials in a report on Wednesday, August 14th. Ten research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $52.10.

In related news, Director Stephen R. Forrest sold 3,000 shares of Applied Materials stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $46.00, for a total transaction of $138,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Dennis D. Powell sold 25,218 shares of Applied Materials stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $51.44, for a total transaction of $1,297,213.92. The disclosure for this sale can be found here. Insiders have sold a total of 53,945 shares of company stock worth $2,776,105 over the last quarter. 0.44% of the stock is owned by company insiders.

Applied Materials Company Profile

Applied Materials, Inc provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits.

See Also: Index Funds

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

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