Goldman Sachs Gives Applied Materials (NASDAQ:AMAT) a Lower Rating. Will Other Analysts Follow Suit?

May 18, 2018 - By Shawn Hawthorne

Applied Materials, Inc. (NASDAQ:AMAT) Logo

Investors sentiment decreased to 0.86 in 2017 Q4. Its down 0.20, from 1.06 in 2017Q3. It worsened, as 52 investors sold Applied Materials, Inc. shares while 367 reduced holdings. 113 funds opened positions while 249 raised stakes. 797.20 million shares or 1.72% less from 811.15 million shares in 2017Q3 were reported.

Macquarie Limited holds 0.18% or 1.96 million shares. Stifel Finance holds 0.09% or 526,263 shares in its portfolio. Davis Selected Advisers owns 503,225 shares. Highvista Strategies Ltd Liability holds 0.16% in Applied Materials, Inc. (NASDAQ:AMAT) or 11,400 shares. Moreover, Retail Bank Of Hawaii has 0.03% invested in Applied Materials, Inc. (NASDAQ:AMAT). Industries Capital Limited Co accumulated 1.27% or 160,000 shares. Cap Planning Advsrs Ltd Liability invested in 4,692 shares. Pggm Invs reported 0.22% stake. 5,123 were accumulated by Paragon Cap Management Limited. Kcm Ltd Liability reported 0.02% stake. Kingfisher Capital Ltd Limited Liability Company has 0.17% invested in Applied Materials, Inc. (NASDAQ:AMAT). Balyasny Asset Limited Liability Com reported 0.13% in Applied Materials, Inc. (NASDAQ:AMAT). Allsquare Wealth Management accumulated 599 shares. Alphaone Investment Lc, a Pennsylvania-based fund reported 1,538 shares. De Burlo Group Inc reported 79,700 shares.

Since December 29, 2017, it had 0 insider buys, and 4 selling transactions for $10.41 million activity. Salehpour Ali also sold $6.44 million worth of Applied Materials, Inc. (NASDAQ:AMAT) on Friday, December 29. On Tuesday, January 2 the insider Nalamasu Omkaram sold $2.83 million. Forrest Stephen R had sold 4,000 shares worth $214,680.

Applied Materials (NASDAQ:AMAT) Receives a Downgrade

Goldman Sachs has just lowered their rating on shares of Applied Materials (NASDAQ:AMAT) to a Hold and currently has a $58.0000 TP on the stock. This was issued to clients and investors in a research note on 18 May.

Applied Materials, Inc. (NASDAQ:AMAT) Ratings Coverage

Among 12 analysts covering Applied Materials (NASDAQ:AMAT), 10 have Buy rating, 0 Sell and 2 Hold. Therefore 83% are positive. Applied Materials has $75 highest and $58 lowest target. $68.82’s average target is 39.82% above currents $49.22 stock price. Applied Materials had 18 analyst reports since November 20, 2017 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, January 30 by Stifel Nicolaus. On Tuesday, January 16 the stock rating was upgraded by Susquehanna to “Positive”. As per Thursday, February 15, the company rating was maintained by Susquehanna. The stock has “Buy” rating by Nomura on Tuesday, March 27. The rating was maintained by Citigroup with “Buy” on Monday, November 20. The stock of Applied Materials, Inc. (NASDAQ:AMAT) earned “Buy” rating by KeyBanc Capital Markets on Thursday, April 12. KeyBanc Capital Markets maintained Applied Materials, Inc. (NASDAQ:AMAT) on Thursday, February 15 with “Buy” rating. The rating was upgraded by Deutsche Bank to “Buy” on Thursday, February 15. FBR Capital maintained it with “Buy” rating and $71.0 target in Tuesday, January 16 report. On Thursday, February 15 the stock rating was maintained by Stifel Nicolaus with “Buy”.

The stock decreased 8.78% or $4.74 during the last trading session, reaching $49.22. About 9.97 million shares traded. Applied Materials, Inc. (NASDAQ:AMAT) has risen 42.67% since May 18, 2017 and is uptrending. It has outperformed by 31.12% the S&P500.

Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, display, and related industries worldwide. The company has market cap of $51.72 billion. It operates through three divisions: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. It has a 18.53 P/E ratio. The Semiconductor Systems segment develops, makes, and sells a range of manufacturing equipment used to fabricate semiconductor chips or integrated circuits.

More notable recent Applied Materials, Inc. (NASDAQ:AMAT) news were published by: Streetinsider.com which released: “After-Hours Stock Movers 05/17: (QTNT) (VJET) (AFSI) Higher; (ARQL) (JWN) (AMAT) Lower (more…)” on May 17, 2018, also Benzinga.com with their article: “24 Stocks Moving In Friday’s Pre-Market Session” published on May 18, 2018, Globenewswire.com published: “Applied Materials to Present at Upcoming Investor Conferences” on May 18, 2018. More interesting news about Applied Materials, Inc. (NASDAQ:AMAT) were released by: Seekingalpha.com and their article: “Highlights from Appaloosa’s Q1” published on May 15, 2018 as well as Streetinsider.com‘s news article titled: “Applied Materials (AMAT) PT Lowered to $65 at Nomura/Instinet, Says Within SSG DRAM Grew 31% QoQ, NAND Grew …” with publication date: May 18, 2018.

Applied Materials, Inc. (NASDAQ:AMAT) Institutional Positions Chart

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