Tokio Marine Asset Management Co. Ltd. Grows Stock Position in Applied Materials, Inc. (NASDAQ:AMAT)

by · The Cerbat Gem

Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 3.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,055 shares of the manufacturing equipment provider’s stock after buying an additional 770 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Applied Materials were worth $4,658,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMAT. Swedbank AB acquired a new stake in Applied Materials in the 1st quarter worth approximately $773,611,000. Van ECK Associates Corp boosted its position in Applied Materials by 29.8% in the 3rd quarter. Van ECK Associates Corp now owns 6,571,178 shares of the manufacturing equipment provider’s stock worth $1,327,707,000 after purchasing an additional 1,509,439 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Applied Materials by 126.4% in the first quarter. Janus Henderson Group PLC now owns 2,254,952 shares of the manufacturing equipment provider’s stock valued at $464,974,000 after buying an additional 1,259,111 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Applied Materials by 262.5% in the third quarter. Assenagon Asset Management S.A. now owns 1,390,501 shares of the manufacturing equipment provider’s stock worth $280,951,000 after acquiring an additional 1,006,937 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Applied Materials by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 75,008,622 shares of the manufacturing equipment provider’s stock worth $15,469,028,000 after acquiring an additional 891,446 shares in the last quarter. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Applied Materials Trading Up 1.6 %

AMAT traded up $2.98 on Thursday, hitting $185.77. The company had a trading volume of 1,304,422 shares, compared to its average volume of 6,044,195. The company’s fifty day moving average price is $190.88 and its 200 day moving average price is $207.13. Applied Materials, Inc. has a 1 year low of $141.94 and a 1 year high of $255.89. The company has a current ratio of 2.86, a quick ratio of 2.09 and a debt-to-equity ratio of 0.33. The firm has a market cap of $153.15 billion, a P/E ratio of 20.54, a PEG ratio of 2.29 and a beta of 1.56.

Applied Materials (NASDAQ:AMAT – Get Free Report) last issued its quarterly earnings results on Thursday, August 15th. The manufacturing equipment provider reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.10. The company had revenue of $6.78 billion for the quarter, compared to analyst estimates of $6.68 billion. Applied Materials had a net margin of 27.74% and a return on equity of 39.99%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.90 earnings per share. As a group, equities analysts expect that Applied Materials, Inc. will post 8.51 earnings per share for the current year.

Applied Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a $0.40 dividend. The ex-dividend date is Thursday, November 21st. This represents a $1.60 annualized dividend and a yield of 0.86%. Applied Materials’s dividend payout ratio is currently 17.98%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AMAT. Cantor Fitzgerald reiterated an “overweight” rating and set a $250.00 price target on shares of Applied Materials in a research report on Tuesday, October 8th. StockNews.com cut shares of Applied Materials from a “buy” rating to a “hold” rating in a research note on Saturday, September 14th. Dbs Bank downgraded shares of Applied Materials from a “strong-buy” rating to a “hold” rating in a report on Monday, September 16th. Mizuho cut their target price on shares of Applied Materials from $245.00 to $225.00 and set an “outperform” rating for the company in a research note on Friday, September 20th. Finally, Stifel Nicolaus decreased their price target on shares of Applied Materials from $270.00 to $250.00 and set a “buy” rating on the stock in a research note on Tuesday. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $227.24.

Read Our Latest Report on Applied Materials

Applied Materials Profile

(Free Report)

Applied Materials, Inc engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company 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.

Further Reading

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