Pensionfund Dsm Netherlands adds Applied Materials (AMAT) to its portfolio

Applied Materials (AMAT) : Pensionfund Dsm Netherlands added new position in Applied Materials during the most recent quarter end. The investment management firm now holds 175,000 shares of Applied Materials which is valued at $4,172,000 , the company said in a statement filed on Jul 5, 2016 with the SEC.Applied Materials makes up approximately 0.56% of Pensionfund Dsm Netherlands’s portfolio.

Other Hedge Funds, Including , Pensionfund Sabic added AMAT to its portfolio by purchasing 82,000 company shares during the most recent quarter which is valued at $1,954,880. Applied Materials makes up approx 0.59% of Pensionfund Sabic’s portfolio.

Applied Materials opened for trading at $25 and hit $25.3 on the upside on Monday, eventually ending the session at $25.15, with a gain of 0.88% or 0.22 points. The heightened volatility saw the trading volume jump to 1,10,26,227 shares. Company has a market cap of $27,392 M.

On the company’s financial health, Applied Materials reported $0.34 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 19, 2016. Analyst had a consensus of $0.32. The company had revenue of $2450.00 million for the quarter, compared to analysts expectations of $2428.97 million. The company’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS.

Investors should note that on Jun 9, 2016, Applied Materials announced a cash dividend of $0.1000. The company’s management has announced Aug 23, 2016 as the ex-dividend date and fixed the record date on Aug 25, 2016. The payable date has been fixed on Sep 15, 2016.

Many Wall Street Analysts have commented on Applied Materials. Applied Materials was Upgraded by Susquehanna to ” Neutral” on Jun 28, 2016. Company shares were Upgraded by DA Davidson on Jun 27, 2016 to ” Buy”, Firm has raised the Price Target to $ 28 from a previous price target of $24 .Company shares were Reiterated by RBC Capital Mkts on Jun 10, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 26 from a previous price target of $24 .

Applied Materials Inc. (Applied) provides manufacturing equipment services and software to the global semiconductor flat panel display solar photovoltaic (PV) and related industries. Applied operates in four segments: Silicon Systems Group Applied Global Services Display and Energy and Environmental Solutions. The Silicon Systems Group segment develops manufactures and sells manufacturing equipment used to fabricate semiconductor chips. The Applied Global Services segment encompasses services products and integrated solutions to optimize equipment and fab performance and productivity. The Display Segment includes products for manufacturing liquid crystal displays organic light-emitting diodes and other display technologies for televisions personal computers tablets smartphones and other devices. The Energy and Environmental Solutions segment includes systems for manufacturing wafer-based crystalline silicon cells and modules.

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