Applied Materials Inc (NASDAQ:AMAT) Institutional Investor Sentiment Analysis

June 29, 2018 - By James Macaulay

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 2018 Q1. Its up 0.09, from 0.86 in 2017Q4. The ratio increased, as 387 hedge funds increased and opened new equity positions, while 406 cut down and sold their holdings in Applied Materials Inc. The hedge funds in our partner’s database now have: 762.68 million shares, down from 797.20 million shares in 2017Q4. Also, the number of hedge funds 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 6.23 million 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 $1.17 billion 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 insider purchases, and 3 insider sales 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. The stock has “Buy” rating by Deutsche Bank on Thursday, February 15. Credit Suisse maintained Applied Materials, Inc. (NASDAQ:AMAT) rating on Thursday, February 15. Credit Suisse has “Outperform” rating and $74 target. Nomura maintained the stock with “Buy” rating in Tuesday, March 27 report. The rating was maintained by KeyBanc Capital Markets on Thursday, April 12 with “Buy”. On Thursday, February 15 the stock rating was maintained by Susquehanna with “Buy”. The company was maintained on Thursday, February 15 by KeyBanc Capital Markets. On Friday, May 18 the stock rating was downgraded by Goldman Sachs to “Hold”. As per Tuesday, January 30, the company rating was maintained by Stifel Nicolaus. The firm has “Sector Perform” rating given on Wednesday, June 13 by RBC Capital Markets. The stock has “Buy” rating by Stifel Nicolaus on Thursday, February 15.

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

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

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