Applied Materials Inc (NASDAQ:AMAT) Institutional Investors Quarterly Sentiment


Applied Materials, Inc. provides manufacturing equipment, services and software to the global semiconductor, display and related industries. It is negative, as 64 investors sold AMAT shares while 272 reduced holdings.

"Applied Materials delivered the highest quarterly revenue and earnings in our history, and we've now set new earnings records for four quarters in a row", says CEO Gary Dickerson, "across the company we have tremendous momentum as our markets are strong and getting stronger, and we're sustainably growing faster than these markets by expanding our served opportunity and gaining share".

The number of shares now held by investors is 1.08 Billion. Independent Advisor Alliance purchased a new position in Applied Materials during the fourth quarter valued at $105,000. Reilly Financial Advisors LLC boosted its position in shares of Applied Materials by 78.0% in the first quarter. Nikko Asset Management Americas Inc. acquired a new stake in Applied Materials during the third quarter worth $133,000. Institutional investors and hedge funds own 82.52% of the company's stock. Applied Materials has a 1-year low of $21.70 and a 1-year high of $45.08. (NASDAQ:AMAT) traded down 5.13% on Wednesday, reaching $42.76. The stock exchanged hands with 20,035,088 shares higher as compared to its average daily volume of 8.37M shares. The share price has moved forward from its 20 days moving average, trading at a distance of 4.86% and stays 10.07% away from its 50 days moving average. FMR LLC now owns 27,408,872 shares of the manufacturing equipment provider's stock valued at $884,485,000 after buying an additional 1,043,628 shares during the last quarter.

In case of Revenue Estimates, 3540000 analysts have provided their consensus Average Revenue Estimates for Applied Materials, 18000.

They expect $0.76 EPS, up 55.26% or $0.42 from last year's $0.34 per share. During the same period in the prior year, the business posted $0.34 earnings per share. On average, equities analysts predict that Applied Materials will post $2.71 EPS for the current year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. The ex-dividend date of this dividend is Tuesday, May 23rd. Morgens Waterfall Vintiadis & Inc stated it has 3.4% of its portfolio in Applied Materials, Inc. Taking a look back at some historical performance numbers for Applied Materials, Inc. If you are accessing this piece on another domain, it was stolen and republished in violation of USA & worldwide trademark and copyright law.

ON Semiconductor Corporation (NASDAQ:ON) market capitalization at present is $6.36B at the rate of $15.06 a share.

AMAT has been the topic of a number of research reports.

Applied Optoelectronics, Inc. (NASDAQ:AAOI) closed at $61.38 a share in the latest session and the stock value rose nearly 161.86% since the beginning of this year. Bank of America Corp reiterated a "buy" rating and issued a $54.00 target price (up from $45.00) on shares of Applied Materials in a research note on Wednesday.

Ratings analysis reveals 86% of Applied Materials Inc.'s analysts are positive. Analysts have a mean recommendation of 3.00 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).