Shorts Action: Applied Materials Incorporated (NASDAQ:AMAT) Reports Increase in Sellers; Strong Momentum for Short Players

November 23, 2016 - By Pete Kolinski   ·   0 Comments

Shorts Action: Applied Materials Incorporated (NASDAQ:AMAT) Reports Increase in Sellers; Strong Momentum for Short Players

The stock of Applied Materials Incorporated (NASDAQ:AMAT) registered an increase of 6.71% in short interest. AMAT’s total short interest was 15.17M shares in November as published by FINRA. Its up 6.71% from 14.22M shares, reported previously. With 10.71M shares average volume, it will take short sellers 1 days to cover their AMAT’s short positions. The short interest to Applied Materials Incorporated’s float is 1.41%. The stock increased 1.34% or $0.42 during the last trading session, hitting $31.67. Applied Materials, Inc. (NASDAQ:AMAT) has risen 51.17% since April 21, 2016 and is uptrending. It has outperformed by 45.84% the S&P500.

Applied Materials, Inc. provides manufacturing equipment, services and software to the semiconductor, display, solar photovoltaic (PV) and related industries across the world. The company has a market cap of $34.91 billion. The Firm operates in four divisions: Silicon Systems, Applied Global Services, Display, and Energy and Environmental Solutions. It has a 20.38 P/E ratio. The Company’s manufacturing activities consist of assembly, test and integration of various commercial parts, components and subassemblies that are used to manufacture systems.

Insitutional Activity: The institutional sentiment increased to 1.17 in Q2 2016. Its up 0.13, from 1.04 in 2016Q1. The ratio improved, 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.
Wellington Mngmt Group Llp holds 9.93 million shares or 0.06% of its portfolio. Moreover, Ubs Asset Mgmt Americas has 0.19% invested in Applied Materials, Inc. (NASDAQ:AMAT) for 7.11 million shares. Reliance Trust Co Of Delaware last reported 31,051 shares in the company. Carroll Fincl Assoc owns 84,783 shares or 0.34% of their US portfolio. Twin Cap Mgmt, a Pennsylvania-based fund reported 111,408 shares. The Netherlands-based Robeco Institutional Asset Bv has invested 0.08% in Applied Materials, Inc. (NASDAQ:AMAT). Moreover, Spot Trading has 0.01% invested in Applied Materials, Inc. (NASDAQ:AMAT) for 31,558 shares. Hartford Inv Management Co owns 261,235 shares or 0.13% of their US portfolio. State Farm Mutual Automobile Insurance last reported 0% of its portfolio in the stock. Fukoku Mutual Life Ins has 8,000 shares for 0.04% of their US portfolio. Jump Trading Ltd Liability, a Illinois-based fund reported 10,029 shares. Geode Cap Mgmt Ltd Liability, a Massachusetts-based fund reported 9.74 million shares. Winslow Cap Management Lc reported 7.25M shares or 0.71% of all its holdings. Los Angeles Management Equity Rech accumulated 156,258 shares or 0.03% of the stock. Daiwa Secs Group Inc holds 0.02% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT) for 149,520 shares.

Insider Transactions: Since May 25, 2016, the stock had 0 buys, and 5 sales for $11.74 million net activity. The insider Forrest Stephen R sold $150,000. 229,935 shares with value of $6.83 million were sold by DICKERSON GARY E on Friday, October 7. Another trade for 26,035 shares valued at $784,955 was made by Nalamasu Omkaram on Friday, August 26. Iannotti Thomas J sold $355,050 worth of Applied Materials, Inc. (NASDAQ:AMAT) on Wednesday, May 25. $974,800 worth of Applied Materials, Inc. (NASDAQ:AMAT) shares were sold by Salehpour Ali.

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. $35 is the highest target while $12 is the lowest. The $27.26 average target is -13.92% below today’s ($31.67) stock price. Applied Materials Inc. has been the topic of 65 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Friday, May 20 by Cowen & Co. As per Friday, August 14, the company rating was maintained by RBC Capital Markets. The company was maintained on Friday, June 10 by RBC Capital Markets. The firm has “Underperform” rating by RBC Capital Markets given on Monday, October 5. The rating was downgraded by Credit Agricole on Thursday, December 10 to “Outperform”. The stock has “Overweight” rating given by Morgan Stanley on Tuesday, December 15. Piper Jaffray maintained the stock with “Buy” rating in Thursday, August 6 report. The firm has “Overweight” rating given on Thursday, March 10 by Pacific Crest. On Thursday, August 11 the stock rating was maintained by B. Riley & Co with “Buy”. The company was upgraded on Tuesday, January 19 by CLSA.

AMAT Company Profile

Applied Materials, Inc. (Applied), incorporated on March 18, 1987, provides manufacturing equipment, services and software to the semiconductor, display, solar photovoltaic (PV) and related industries across the world. The Firm operates in four divisions: Silicon Systems, Applied Global Services, Display, and Energy and Environmental Solutions. The Company’s manufacturing activities consist of assembly, test and integration of various commercial parts, components and subassemblies that are used to manufacture systems. The Firm caters to customers, including manufacturers of semiconductor chips, liquid crystal and other displays, solar PV cells, and other electronic devices. It has implemented a distributed manufacturing model under which manufacturing and supply chain activities are conducted in various countries, including Germany, Israel, Italy, Singapore, Taiwan, the United States and other countries in Asia.

More notable recent Applied Materials, Inc. (NASDAQ:AMAT) news were published by: Wsj.com which released: “More Boom, Less Bust for Applied Materials” on November 20, 2016, also Nasdaq.com with their article: “Applied Materials, Inc. (AMAT) Ex-Dividend Date Scheduled for November 22, 2016” published on November 21, 2016, Fortune.com published: “Applied Materials Shares Slide 6% On Lower-Than-Expected Sales” on November 17, 2016. More interesting news about Applied Materials, Inc. (NASDAQ:AMAT) were released by: Nasdaq.com and their article: “Applied Materials (AMAT) Q4 Earnings: Surprise in Store?” published on November 15, 2016 as well as Forbes.com‘s news article titled: “Ex-Dividend Reminder: Perrigo Company, Evercore Partners and Applied Materials” with publication date: November 18, 2016.

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By Pete Kolinski


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