Today’s Market Runner: Applied Materials Inc (NASDAQ:AMAT) Sentiment Change Report

November 25, 2016 - By Darrin Black   ·   0 Comments

Today's Market Runner: Applied Materials Inc (NASDAQ:AMAT) Sentiment Change Report

Sentiment for Applied Materials Inc (NASDAQ:AMAT)

Applied Materials Inc (NASDAQ:AMAT) institutional sentiment increased to 1.17 in Q2 2016. Its up 0.13, from 1.04 in 2016Q1. The ratio is better, as 290 hedge funds started new and increased holdings, while 279 sold and decreased stakes in Applied Materials Inc. The hedge funds in our partner’s database now hold: 848.54 million shares, down from 910.17 million shares in 2016Q1. Also, the number of hedge funds holding Applied Materials Inc in their top 10 holdings increased from 12 to 21 for an increase of 9. Sold All: 47 Reduced: 232 Increased: 202 New Position: 88.

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 $34.44 billion. The Firm operates in four divisions: Silicon Systems, Applied Global Services, Display, and Energy and Environmental Solutions. It has a 20.37 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.

About 1.13 million shares traded hands. Applied Materials, Inc. (NASDAQ:AMAT) has risen 51.09% since April 22, 2016 and is uptrending. It has outperformed by 45.68% the S&P500.

Analysts await Applied Materials, Inc. (NASDAQ:AMAT) to report earnings on February, 16. They expect $0.66 EPS, up 153.85% or $0.40 from last year’s $0.26 per share. AMAT’s profit will be $718.18M for 11.99 P/E if the $0.66 EPS becomes a reality. After $0.66 actual EPS reported by Applied Materials, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

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.”

Praesidium Investment Management Company Llc holds 9.55% of its portfolio in Applied Materials, Inc. for 4.56 million shares. Empire Capital Management L.L.C. owns 135,000 shares or 4.78% of their US portfolio. Moreover, National Investment Services Inc Wi has 4.4% invested in the company for 160,523 shares. The California-based Guinness Atkinson Asset Management Inc has invested 4.36% in the stock. Sensato Investors Llc, a California-based fund reported 1.11 million shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 5 selling transactions for $11.74 million net activity.

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

Ratings analysis reveals 91% of Applied Materials Inc.’s analysts are positive. Out of 22 Wall Street analysts rating Applied Materials Inc., 20 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $12 while the high is $35. The stock’s average target of $27.26 is -13.87% below today’s ($31.65) share price. AMAT was included in 65 notes of analysts from August 4, 2015. As per Friday, February 19, the company rating was maintained by B. Riley & Co. The stock of Applied Materials, Inc. (NASDAQ:AMAT) has “Sell” rating given on Thursday, August 13 by Zacks. The stock has “Overweight” rating given by Morgan Stanley on Tuesday, December 15. The firm earned “Buy” rating on Friday, August 19 by UBS. The company was upgraded on Tuesday, January 19 by Credit Agricole. The stock of Applied Materials, Inc. (NASDAQ:AMAT) earned “Outperform” rating by Cowen & Co on Friday, August 14. The firm has “Outperform” rating given on Thursday, March 31 by BNP Paribas. The firm earned “Buy” rating on Friday, August 14 by Jefferies. The stock has “Buy” rating given by Stifel Nicolaus on Monday, August 15. The rating was upgraded by Needham on Friday, February 19 to “Buy”.

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 Darrin Black

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