Daiwa Securities Group Inc. decreased its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 33.0% during the second quarter, Holdings Channel reports. The fund owned 152,430 shares of the manufacturing equipment provider’s stock after selling 75,130 shares during the period. Daiwa Securities Group Inc.’s holdings in Applied Materials were worth $6,296,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Fisher Asset Management LLC acquired a new stake in shares of Applied Materials during the first quarter worth about $371,000. Capital Management Corp VA increased its stake in shares of Applied Materials by 1.8% in the first quarter. Capital Management Corp VA now owns 231,324 shares of the manufacturing equipment provider’s stock worth $8,998,000 after buying an additional 4,076 shares during the last quarter. Oxford Asset Management acquired a new stake in shares of Applied Materials during the first quarter worth about $4,956,000. Karp Capital Management Corp acquired a new stake in shares of Applied Materials during the first quarter worth about $17,549,000. Finally, Outfitter Advisors LTD. increased its stake in shares of Applied Materials by 1.5% in the first quarter. Outfitter Advisors LTD. now owns 40,400 shares of the manufacturing equipment provider’s stock worth $1,572,000 after buying an additional 600 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.
Shares of Applied Materials, Inc. (NASDAQ AMAT) opened at 42.03 on Friday. Applied Materials, Inc. has a 52 week low of $26.86 and a 52 week high of $47.86. The firm has a 50-day moving average of $44.27 and a 200 day moving average of $40.90. The stock has a market cap of $45.17 billion, a PE ratio of 17.38 and a beta of 1.82. Applied Materials also was the target of some unusual options trading activity on Wednesday. Investors purchased 2,307 call options on the stock. This represents an increase of approximately 118% compared to the average volume of 1,060 call options.
Applied Materials (NASDAQ:AMAT) last announced its earnings results on Thursday, May 18th. The manufacturing equipment provider reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.03. Applied Materials had a net margin of 20.41% and a return on equity of 38.28%. The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.54 billion. During the same quarter last year, the business earned $0.34 earnings per share. The company’s revenue for the quarter was up 44.7% compared to the same quarter last year. On average, equities analysts forecast that Applied Materials, Inc. will post $3.11 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 24th will be given a $0.10 dividend. The ex-dividend date is Tuesday, August 22nd. This represents a $0.40 annualized dividend and a dividend yield of 0.95%. Applied Materials’s dividend payout ratio (DPR) is 16.46%.
AMAT has been the subject of a number of recent research reports. Vetr raised shares of Applied Materials from a “hold” rating to a “buy” rating and set a $48.70 price objective for the company in a research report on Monday, July 31st. DA Davidson reissued a “buy” rating and set a $55.00 price objective on shares of Applied Materials in a research report on Monday, July 10th. Stifel Nicolaus boosted their price objective on shares of Applied Materials from $42.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, May 15th. Citigroup Inc. reissued a “buy” rating and set a $50.00 price objective on shares of Applied Materials in a research report on Wednesday, May 17th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $48.00 price objective (up previously from $45.00) on shares of Applied Materials in a research report on Friday, May 19th. Four research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. Applied Materials has a consensus rating of “Buy” and a consensus price target of $46.60.
About Applied Materials
Want to see what other hedge funds are holding AMAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Applied Materials, Inc. (NASDAQ:AMAT).
Receive News & Ratings for Applied Materials Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Materials Inc. and related companies with MarketBeat.com's FREE daily email newsletter.