Institutional Investors Are Buying Applied Materials Inc (NASDAQ:AMAT)

June 29, 2018 - By Sophie Menendez

Applied Materials, Inc. (NASDAQ:AMAT) Logo

Sentiment for Applied Materials Inc (NASDAQ:AMAT)

Applied Materials Inc (NASDAQ:AMAT) institutional sentiment increased to 0.95 in Q1 2018. Its up 0.09, from 0.86 in 2017Q4. The ratio improved, as 387 active investment managers increased or opened new equity positions, while 406 decreased and sold stakes in Applied Materials Inc. The active investment managers in our partner’s database reported: 762.68 million shares, down from 797.20 million shares in 2017Q4. Also, the number of active investment managers holding Applied Materials Inc in their top 10 equity positions increased from 26 to 36 for an increase of 10. Sold All: 50 Reduced: 356 Increased: 278 New Position: 109.

Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, display, and related industries worldwide. The company has market cap of $46.88 billion. It operates through three divisions: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. It has a 15.62 P/E ratio. The Semiconductor Systems segment develops, makes, and sells a range of manufacturing equipment used to fabricate semiconductor chips or integrated circuits.

The stock increased 2.68% or $1.21 during the last trading session, reaching $46.5. About 6.23M shares traded. Applied Materials, Inc. (NASDAQ:AMAT) has risen 12.95% since June 29, 2017 and is uptrending. It has outperformed by 0.38% the S&P500.

Analysts await Applied Materials, Inc. (NASDAQ:AMAT) to report earnings on August, 16. They expect $1.16 earnings per share, up 34.88 % or $0.30 from last year’s $0.86 per share. AMAT’s profit will be $1.17B for 10.02 P/E if the $1.16 EPS becomes a reality. After $1.22 actual earnings per share reported by Applied Materials, Inc. for the previous quarter, Wall Street now forecasts -4.92 % negative EPS growth.

Glaxis Capital Management Llc holds 10.93% of its portfolio in Applied Materials, Inc. for 134,200 shares. Central Asset Investments & Management Holdings (Hk) Ltd owns 209,900 shares or 9.98% of their US portfolio. Moreover, Marble Arch Investments Lp has 7.06% invested in the company for 1.63 million shares. The New York-based Praesidium Investment Management Company Llc has invested 6.8% in the stock. Scge Management L.P., a California-based fund reported 980,000 shares.

Since January 1, 0001, it had 0 buys, and 3 selling transactions for $3.97 million activity.

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

Ratings analysis reveals 69% of Applied Materials’s analysts are positive. Out of 13 Wall Street analysts rating Applied Materials, 9 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $5800 while the high is $75. The stock’s average target of $68.36 is 47.01% above today’s ($46.5) share price. AMAT was included in 19 notes of analysts from January 8, 2018. As per Tuesday, January 16, the company rating was upgraded by Susquehanna. The stock of Applied Materials, Inc. (NASDAQ:AMAT) earned “Strong Buy” rating by Needham on Monday, January 8. The stock has “Outperform” rating by Credit Suisse on Monday, February 26. As per Thursday, February 15, the company rating was maintained by KeyBanc Capital Markets. As per Thursday, February 15, the company rating was maintained by Stifel Nicolaus. The stock of Applied Materials, Inc. (NASDAQ:AMAT) earned “Buy” rating by Nomura on Tuesday, March 27. FBR Capital maintained the shares of AMAT in report on Tuesday, January 16 with “Buy” rating. The firm has “Outperform” rating by Credit Suisse given on Thursday, February 15. The firm has “Buy” rating by Deutsche Bank given on Thursday, February 15. Susquehanna maintained the stock with “Buy” rating in Thursday, February 15 report.

More notable recent Applied Materials, Inc. (NASDAQ:AMAT) news were published by: Globenewswire.com which released: “Applied Materials Announces Cash Dividend” on June 07, 2018, also 247Wallst.com with their article: “Major Semiconductors Scare Off Short Sellers” published on June 27, 2018, Fool.com published: “This Small-Cap Semiconductor Stock Now Offers a Solid Dividend” on June 27, 2018. More interesting news about Applied Materials, Inc. (NASDAQ:AMAT) were released by: Globenewswire.com and their article: “AI Design Forum Speaker Roster Announced” published on June 25, 2018 as well as Investorplace.com‘s news article titled: “These 3 Semiconductor Stocks Are at Real Risk From a Trade War” with publication date: June 29, 2018.

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

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