Today Applied Materials (NASDAQ:AMAT) Has Been Downgraded by RBC Capital to a Hold

June 13, 2018 - By Migdalia James

Applied Materials, Inc. (NASDAQ:AMAT) Logo

Investors sentiment increased to 0.95 in 2018 Q1. Its up 0.09, from 0.86 in 2017Q4. It improved, as 50 investors sold Applied Materials, Inc. shares while 356 reduced holdings. 109 funds opened positions while 278 raised stakes. 762.68 million shares or 4.33% less from 797.20 million shares in 2017Q4 were reported.

New York State Common Retirement Fund holds 2.84 million shares. Koch Industry Incorporated has invested 0.07% in Applied Materials, Inc. (NASDAQ:AMAT). Checchi Cap Advisers Limited Liability Com owns 9,630 shares. Zebra Cap Management Limited Liability accumulated 23,408 shares or 0.47% of the stock. Jolley Asset Mgmt Limited Liability Company owns 84,095 shares or 2.83% of their US portfolio. Lombard Odier Asset (Switzerland) Sa has 36,726 shares for 0.21% of their portfolio. Citigroup invested in 1.79M shares. Cibc Ww invested 0.1% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT). Amalgamated Natl Bank holds 0.23% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT) for 154,471 shares. 40,925 are owned by Ameritas. Plante Moran Financial Ltd Com holds 0.04% or 1,262 shares in its portfolio. Princeton Port Strategies Group Ltd invested in 0.1% or 6,500 shares. The California-based Hanson Mcclain has invested 0.01% in Applied Materials, Inc. (NASDAQ:AMAT). Florida-based Camarda Advsr Limited Com has invested 1.49% in Applied Materials, Inc. (NASDAQ:AMAT). Old Second Savings Bank Of Aurora has 0% invested in Applied Materials, Inc. (NASDAQ:AMAT) for 108 shares.

Since December 29, 2017, it had 0 insider buys, and 4 insider sales for $10.41 million activity. Shares for $6.44 million were sold by Salehpour Ali. The insider Nalamasu Omkaram sold 53,466 shares worth $2.83M. 15,000 Applied Materials, Inc. (NASDAQ:AMAT) shares with value of $922,050 were sold by Iannotti Thomas J.

Applied Materials (NASDAQ:AMAT) Receives a Downgrade

The stock rating of Applied Materials (NASDAQ:AMAT) was decreased by professional analysts at RBC Capital to a Hold. This has been announced in analysts report issued to investors and clients on 13 June. RBC Capital now has a $55.0000 TP on the shares, which suggests a possible upside of 7.89 %.

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

Among 12 analysts covering Applied Materials (NASDAQ:AMAT), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. Applied Materials has $75 highest and $5800 lowest target. $68.36’s average target is 34.09% above currents $50.98 stock price. Applied Materials had 18 analyst reports since January 8, 2018 according to SRatingsIntel. Stifel Nicolaus maintained Applied Materials, Inc. (NASDAQ:AMAT) on Thursday, February 15 with “Buy” rating. The stock of Applied Materials, Inc. (NASDAQ:AMAT) earned “Buy” rating by Stifel Nicolaus on Friday, May 18. Goldman Sachs downgraded Applied Materials, Inc. (NASDAQ:AMAT) rating on Friday, May 18. Goldman Sachs has “Hold” rating and $5800 target. As per Tuesday, January 16, the company rating was upgraded by Susquehanna. The stock of Applied Materials, Inc. (NASDAQ:AMAT) earned “Buy” rating by FBR Capital on Tuesday, January 16. Credit Suisse maintained the shares of AMAT in report on Monday, February 26 with “Outperform” rating. Susquehanna maintained the stock with “Buy” rating in Thursday, February 15 report. The stock has “Buy” rating by Needham on Monday, May 21. Stifel Nicolaus maintained the stock with “Buy” rating in Tuesday, January 30 report. Needham upgraded the stock to “Strong Buy” rating in Monday, January 8 report.

The stock increased 0.24% or $0.12 during the last trading session, reaching $50.98. About 14.61M shares traded or 4.26% up from the average. Applied Materials, Inc. (NASDAQ:AMAT) has risen 12.95% since June 13, 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 EPS, up 34.88 % or $0.30 from last year’s $0.86 per share. AMAT’s profit will be $1.17 billion for 10.99 P/E if the $1.16 EPS becomes a reality. After $1.22 actual EPS reported by Applied Materials, Inc. for the previous quarter, Wall Street now forecasts -4.92 % negative EPS growth.

Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, display, and related industries worldwide. The company has market cap of $51.39 billion. It operates through three divisions: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. It has a 17.12 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: Seekingalpha.com which released: “Applied Materials Is So Attractive Under $50” on May 22, 2018, also 247Wallst.com with their article: “Applied Materials Brings Havoc to Semiconductor Capital Equipment Space” published on May 18, 2018, 247Wallst.com published: “Top Analyst Upgrades and Downgrades: Applied Materials, Comcast, HUYA, Sprint, Time Warner, Yelp and More” on June 13, 2018. More interesting news about Applied Materials, Inc. (NASDAQ:AMAT) were released by: Seekingalpha.com and their article: “Buy Alibaba – Cramer’s Lightning Round (6/12/18)” published on June 13, 2018 as well as Streetinsider.com‘s news article titled: “RBC Capital Downgrades Applied Materials (AMAT) to Sector Perform” with publication date: June 13, 2018.

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

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