Tokio Marine Asset Management Co. Ltd. trimmed its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 24.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 9,271 shares of the manufacturing equipment provider’s stock after selling 2,949 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Applied Materials were worth $483,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. LeJeune Puetz Investment Counsel LLC purchased a new position in shares of Applied Materials during the third quarter valued at approximately $105,000. MPS Loria Financial Planners LLC purchased a new position in shares of Applied Materials during the second quarter valued at approximately $109,000. Wunderlich Capital Managemnt lifted its holdings in shares of Applied Materials by 2.9% during the second quarter. Wunderlich Capital Managemnt now owns 3,037 shares of the manufacturing equipment provider’s stock valued at $125,000 after purchasing an additional 87 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Applied Materials by 145.4% during the second quarter. Bessemer Group Inc. now owns 3,067 shares of the manufacturing equipment provider’s stock valued at $126,000 after purchasing an additional 1,817 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Applied Materials during the second quarter valued at approximately $134,000. Hedge funds and other institutional investors own 79.51% of the company’s stock.

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Several equities research analysts recently weighed in on the stock. Royal Bank Of Canada reissued a “buy” rating on shares of Applied Materials in a research report on Friday, October 27th. Deutsche Bank AG reissued a “buy” rating and set a $58.00 price target on shares of Applied Materials in a research report on Thursday, October 12th. Citigroup Inc reaffirmed a “buy” rating and issued a $58.00 target price on shares of Applied Materials in a research report on Thursday, October 12th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Applied Materials in a research report on Sunday, October 1st. Finally, B. Riley reaffirmed a “buy” rating and issued a $63.00 target price on shares of Applied Materials in a research report on Saturday, September 30th. Three analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. Applied Materials has an average rating of “Buy” and an average price target of $56.64.

Shares of Applied Materials, Inc. (NASDAQ:AMAT) opened at $56.55 on Friday. Applied Materials, Inc. has a 52-week low of $28.02 and a 52-week high of $57.34. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.25 and a current ratio of 2.91. The company has a market cap of $60.31 billion, a P/E ratio of 18.88, a P/E/G ratio of 0.89 and a beta of 1.85.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings results on Thursday, August 17th. The manufacturing equipment provider reported $0.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.02. The business had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Applied Materials had a net margin of 22.08% and a return on equity of 40.74%. The business’s quarterly revenue was up 32.7% on a year-over-year basis. During the same quarter last year, the company posted $0.50 earnings per share. equities analysts forecast that Applied Materials, Inc. will post 3.22 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Friday, November 24th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.71%. Applied Materials’s dividend payout ratio is currently 14.18%.

In other news, VP Thomas F. Larkins sold 30,000 shares of the stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $51.24, for a total value of $1,537,200.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Alexander Karsner sold 22,762 shares of the stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $44.03, for a total transaction of $1,002,210.86. The disclosure for this sale can be found here. Company insiders own 0.31% of the company’s stock.

Applied Materials Profile

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

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