The stock of Applied Materials, Inc. (NASDAQ:AMAT) is a huge mover today! About 2.17 million shares traded hands. Applied Materials, Inc. (NASDAQ:AMAT) has risen 39.02% since March 11, 2016 and is uptrending. It has outperformed by 33.56% the S&P500.
The move comes after 6 months positive chart setup for the $29.82B company. It was reported on Oct, 14 by Barchart.com. We have $34.60 PT which if reached, will make NASDAQ:AMAT worth $6.56 billion more.
Applied Materials, Inc. (NASDAQ:AMAT) Ratings Coverage
Out of 22 analysts covering Applied Materials Inc. (NASDAQ:AMAT), 20 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 91% are positive. Applied Materials Inc. has been the topic of 65 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Needham upgraded Applied Materials, Inc. (NASDAQ:AMAT) on Friday, February 19 to “Buy” rating. Deutsche Bank maintained it with “Buy” rating and $23 target price in Thursday, August 13 report. The rating was maintained by B. Riley & Co with “Buy” on Thursday, August 11. The rating was maintained by RBC Capital Markets with “Sector Perform” on Friday, May 20. Susquehanna downgraded Applied Materials, Inc. (NASDAQ:AMAT) on Tuesday, April 19 to “Negative” rating. The stock of Applied Materials, Inc. (NASDAQ:AMAT) earned “Outperform” rating by BNP Paribas on Thursday, March 31. The rating was upgraded by Credit Agricole on Friday, September 25 to “Buy”. As per Thursday, December 10, the company rating was downgraded by CLSA. Cowen & Co maintained Applied Materials, Inc. (NASDAQ:AMAT) on Friday, May 20 with “Outperform” rating. The rating was downgraded by Credit Agricole to “Outperform” on Thursday, December 10.
According to Zacks Investment Research, “Applied Materials develops, manufactures, markets and services semiconductor wafer fabrication equipment and related spare parts for the worldwide semiconductor industry. Customers for these products include semiconductor wafer manufacturers and semiconductor integrated circuit manufacturers, who either use the Ics they manufacture in their own products or sell them to other companies. These ICs are the key components in most advanced electronic products such as computers, telecommunications devices, automotive engine management systems and electronic games.”
Insitutional Activity: The institutional sentiment increased to 1.04 in 2016 Q2. Its up 0.04, from 1 in 2016Q1. The ratio increased, as 47 funds sold all Applied Materials, Inc. shares owned while 232 reduced positions. 88 funds bought stakes while 202 increased positions. They now own 848.54 million shares or 6.77% less from 910.17 million shares in 2016Q1.
Veritas Mngmt Llp holds 0.07% or 14,591 shares in its portfolio. Caisse De Depot Et Placement Du Quebec holds 450,700 shares or 0.03% of its portfolio. Caxton Associates Limited Partnership last reported 524,450 shares in the company. C M Bidwell And Associate has 2.05% invested in the company for 344,440 shares. Lombard Odier Asset Mngmt (Europe) has invested 0.02% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT). Thompson Siegel And Walmsley Lc last reported 0% of its portfolio in the stock. Agran Libbie has invested 0.26% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT). First Personal Finance Services accumulated 510 shares or 0% of the stock. Polar Llp reported 687,537 shares or 0.31% of all its holdings. Kelly Lawrence W Inc Ca accumulated 0.8% or 144,770 shares. Bartlett Ltd Liability Corp, a Ohio-based fund reported 1,150 shares. Cubic Asset Mngmt Lc reported 43,905 shares or 0.36% of all its holdings. Martingale Asset Management Lp last reported 370,202 shares in the company. Dimensional Fund Advisors Ltd Partnership owns 2.46 million shares or 0.03% of their US portfolio. Fukoku Mutual Life Insurance accumulated 8,000 shares or 0.04% of the stock.
Insider Transactions: Since May 23, 2016, the stock had 0 buys, and 7 sales for $12.21 million net activity. Shares for $150,000 were sold by Forrest Stephen R. Iannotti Thomas J sold $355,050 worth of Applied Materials, Inc. (NASDAQ:AMAT) on Wednesday, May 25. Salehpour Ali also sold $974,800 worth of Applied Materials, Inc. (NASDAQ:AMAT) shares. Nalamasu Omkaram sold $3.00M worth of stock. DICKERSON GARY E had sold 229,935 shares worth $6.83 million.
More news for Applied Materials, Inc. (NASDAQ:AMAT) were recently published by: Investorplace.com, which released: “Look to Applied Materials, Inc. As a Future Growth Stock (AMAT)” on September 27, 2016. 247Wallst.com‘s article titled: “Top Analyst Upgrades and Downgrades: Applied Materials, Kinder Morgan, Las …” and published on October 04, 2016 is yet another important article.
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