Tokio Marine Asset Management Co. Ltd. reduced its position in Applied Materials, Inc. (NASDAQ:AMAT) by 27.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,220 shares of the manufacturing equipment provider’s stock after selling 4,509 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Applied Materials were worth $505,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. MCF Advisors LLC increased its position in shares of Applied Materials by 0.3% in the first quarter. MCF Advisors LLC now owns 3,663 shares of the manufacturing equipment provider’s stock worth $142,000 after buying an additional 10 shares during the period. Guardian Life Insurance Co. of America increased its position in shares of Applied Materials by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 4,170 shares of the manufacturing equipment provider’s stock worth $162,000 after buying an additional 29 shares during the period. Regentatlantic Capital LLC increased its position in shares of Applied Materials by 0.3% in the first quarter. Regentatlantic Capital LLC now owns 18,738 shares of the manufacturing equipment provider’s stock worth $729,000 after buying an additional 58 shares during the period. RMB Capital Management LLC increased its position in shares of Applied Materials by 1.0% in the first quarter. RMB Capital Management LLC now owns 6,280 shares of the manufacturing equipment provider’s stock worth $244,000 after buying an additional 60 shares during the period. Finally, Honkamp Krueger Financial Services Inc. increased its position in shares of Applied Materials by 0.5% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 20,921 shares of the manufacturing equipment provider’s stock worth $864,000 after buying an additional 97 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Shares of Applied Materials, Inc. (AMAT) opened at 43.81 on Thursday. The stock has a market cap of $47.08 billion, a PE ratio of 18.12 and a beta of 1.82. Applied Materials, Inc. has a 1-year low of $26.41 and a 1-year high of $47.86. The stock has a 50 day moving average of $44.31 and a 200 day moving average of $40.89. Applied Materials also was the recipient of some unusual options trading activity on Wednesday. Stock traders purchased 2,307 call options on the company. This represents an increase of 118% compared to the average daily volume of 1,060 call options.

Applied Materials (NASDAQ:AMAT) last released its earnings results on Thursday, May 18th. The manufacturing equipment provider reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.03. Applied Materials had a net margin of 20.41% and a return on equity of 38.28%. The firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.54 billion. During the same period in the previous year, the firm earned $0.34 earnings per share. Applied Materials’s revenue was up 44.7% compared to the same quarter last year. Equities research analysts forecast that Applied Materials, Inc. will post $3.11 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 24th will be issued a $0.10 dividend. The ex-dividend date is Tuesday, August 22nd. This represents a $0.40 dividend on an annualized basis and a yield of 0.91%. Applied Materials’s payout ratio is 16.46%.

COPYRIGHT VIOLATION NOTICE: This piece of content was first published by Daily Political and is the property of of Daily Political. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The legal version of this piece of content can be viewed at https://www.dailypolitical.com/2017/08/10/tokio-marine-asset-management-co-ltd-has-505000-stake-in-applied-materials-inc-amat.html.

A number of research analysts have weighed in on the stock. UBS AG reiterated 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. B. Riley reiterated a “buy” rating and issued a $44.00 price objective on shares of Applied Materials in a research report on Monday, May 15th. Royal Bank Of Canada reiterated a “hold” rating and issued a $35.00 price objective on shares of Applied Materials in a research report on Tuesday, April 25th. Vetr upgraded shares of Applied Materials from a “hold” rating to a “buy” rating and set a $47.32 price objective for the company in a research report on Friday, July 14th. Finally, BidaskClub downgraded shares of Applied Materials from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. Four research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $46.62.

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).

Institutional Ownership by Quarter for Applied Materials (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.