Economy

Applied Materials, Inc. (AMAT) Receives $56.51 Average PT from Analysts

Moreover, Marshwinds Advisory Co has 1.34% invested in the company for 81,317 shares.

It is helpful for everyday investors to find out what portion of a public company's shares outstanding are held by institutional investors, in particular. Acorda Therapeutics, Inc. This company shares tumbled -16.06% from their most recent record high of $33.00 and now hold $1.27 billion in market value of equity.

Shares of Applied Materials (AMAT) traded down $0.23 during midday trading on Wednesday, reaching $56.32.

Quantitative Systematic Strategies LLC trimmed its holdings in shares of Applied Materials, Inc. It has outperformed by 104.70% the S&P500. Fayerweather Charles reported 4,005 shares stake.

Applied Materials, Inc. provides manufacturing equipment, services and software to the global semiconductor, display and related industries. A 20 analysts rate it as either a buy or a strong buy, while0 believe that investors should either steer clear of AMAT or, if they already own its stock, sell it. They now have $33.00 target price on the manufacturing equipment provider's stock. (TR) has risen 4.65% since November 6, 2016 and is uptrending. It has underperformed by 11.58% the S&P500.

Since June 1, 2017, it had 0 insider purchases, and 1 sale for $230,750 activity. About shares traded. Applied Materials, Inc. 5,000 shares were sold by Forrest Stephen R, worth $230,750 on Thursday, June 1. D E Shaw Company owns 7.10 million shares.

Investors sentiment decreased to 0.82 in 2017 Q2. 0 analysts say it's a Hold while 1 analysts provided their expert opinion as Sell. It turned negative, as 48 investors sold AMAT shares while 346 reduced holdings. 105 funds opened positions while 219 raised stakes. Analyzing the last five market sessions, the stock was able to report -0.25% losses, thus going up by 30.54%, compared with its 200-day moving average. Goldman Sachs Grp Incorporated Inc, a New York-based fund reported 1.07M shares. Norinchukin Retail Bank The owns 118,744 shares or 0.1% of their United States portfolio. Holderness has invested 2.02% in Applied Materials, Inc.

Several brokerages recently weighed in on AMAT. Capstone Asset invested in 0.07% or 24,386 shares. Bessemer Group Inc. grew its holdings in Applied Materials by 145.4% during the 2nd quarter. (NASDAQ:AMAT) for 21,600 shares. The institutional holder with the second most shares is Blackrock Inc. with a total of 66,338,291. Jefferies maintained Applied Materials, Inc. (NASDAQ:AMAT) to report earnings on November, 16. Gruss & Co Inc, a Florida-based fund reported 18,482 shares. Artemis Investment Llp reported 1.14M shares. Bp Pcl has 135,000 shares for 0.2% of their portfolio. The Ontario - Canada-based Hillsdale Mngmt Inc has invested 0.09% in Applied Materials, Inc. Mckinley Capital Management Llc Delaware reported 0% of its portfolio in Applied Materials, Inc.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings data on Thursday, August 17th. Cowen & Co maintained Applied Materials, Inc. (NASDAQ:AMAT) on Friday, August 14 with "Buy" rating. Therefore 25% are positive.

Zacks Investment Research upgraded shares of Applied Materials Inc.

Analysts await Applied Materials, Inc. Credit Suisse has "Outperform" rating and $29 target. The stock has a consensus rating of Buy and an average price target of $31.50. The firm has "Buy" rating by Morgan Stanley given on Friday, July 7. The firm earned "Buy" rating on Monday, October 26 by Nomura. Sei Co has invested 0.18% in Applied Materials, Inc. The monthly performance exhibited a rate of 9.96% with an annual performance rate of 100.04%. On Friday, August 19 the stock rating was maintained by RBC Capital Markets with "Sector Perform". On Thursday, September 28 the stock rating was maintained by Craig Hallum with "Buy". The company was maintained on Friday, August 19 by Citigroup.

14 number of analysts have estimated the sales of the company for the quarter ending Nov 16, 2017, analysts estimated mean sale target of 3964.67 million while high and low sale targets are estimated at 4120.5 million and 3889 million respectively. Therefore 96% are positive. The company was maintained on Friday, September 15 by Bank of America. Keefe Bruyette & Woods upgraded the shares of RY in report on Monday, February 27 to "Mkt Perform" rating. (NYSE:CRI) has "Outperform" rating given on Thursday, October 22 by Wells Fargo. Needham & Company LLC reaffirmed a buy rating and set a $34.00 target price (up from $29.00) on shares of Applied Materials in a research report on Sunday, August 21st. The stock is now moving above its 20-Day Simple Moving Average of 2.03% with a 50-Day Simple Moving Average of 11.64 percent. Monness Crespi maintained Carter's, Inc. Desjardins Securities downgraded the shares of MST.UN in report on Tuesday, January 24 to "Hold" rating. It also reduced Ryman Hospitality Ppty Com (NYSE:RHP) stake by 42,254 shares and now owns 360,130 shares. Sherwin Williams Co (NYSE:SHW) was raised too.

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