Economy

Applied Materials, Inc. (AMAT) loses confidence of 45 hedge fund managers

The stock grabbed 132 new institutional investments totaling 21,670,901 shares while 45 institutional investors sold out their entire positions totaling 2,539,326 shares. First Interstate Bank raised its position in Applied Materials by 2.9% in the fourth quarter. Mark Sheptoff Planning Ltd Liability Company reported 36,633 shares or 1.28% of all its holdings. Applied Materials, Inc. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.14 and a quick ratio of 2.43. (NASDAQ:AMAT) for 1.09 million shares. The Monthly and Yearly performances are -3.38 percent and 56.52 percent respectively. Johnson Fincl Gp Inc owns 1,130 shares for 0.01% of their portfolio. Hamilton Point Investment Advisors Ltd Limited Liability Company reported 1.4% in Applied Materials, Inc.

At the end of 09/30/2017 reporting period, 473 institutional holders increased their position in Applied Materials, Inc. (NASDAQ:AMAT) for 5,250 shares. Polar Asset Mgmt Partners Incorporated has invested 0.4% in Applied Materials, Inc. (NASDAQ:AMAT) for 248,741 shares. This represents an increase of 12% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks. Ontario Teachers Pension Plan Board accumulated 67,491 shares. Engineers Gate Manager Ltd Partnership reported 0.27% stake. Pinnacle Associate Limited owns 11,982 shares or 0.03% of their USA portfolio. Citigroup maintained Applied Materials, Inc. Moreover, Deutsche Bankshares Ag has 0.2% invested in Applied Materials, Inc. Louisiana State Employees Retirement Systems owns 0.16% invested in Applied Materials, Inc. (NASDAQ:AMAT) for 612,300 shares.

Since August 23, 2017, it had 0 buys, and 2 selling transactions for $2.54 million activity.

In other news, VP Thomas F. Larkins sold 30,000 shares of the firm's stock in a transaction on Thursday, October 5th.

Benjamin F Edwards & Company Inc increased its stake in Applied Matls Inc (AMAT) by 657.09% based on its latest 2017Q3 regulatory filing with the SEC. The stock has "Overweight" rating by KeyBanc Capital Markets on Friday, August 18. The company has a total of 310.97 Million shares outstanding. The company operates in the Technology sector with a market capitalization of 54.63 Million.

A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. (AMAT)'s shares. The total value of these holdings, in millions, is $44,185. It is down 17.00% since January 2, 2017 and is uptrending. It has outperformed by 104.70% the S&P500.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings data on Thursday, November 16th. (NASDAQ:AMAT) news were published by: Globenewswire.com which released: "Applied Materials to Present at Upcoming Investor Conference" on December 28, 2017, also Prnewswire.com with their article: "This Morning's Research Reports on Semiconductor Stocks - Enphase Energy ..." published on December 28, 2017, Globenewswire.com published: "Applied Materials Announces Cash Dividend" on December 11, 2017. After $0.93 actual earnings per share reported by Applied Materials, Inc. for the previous quarter, Wall Street now forecasts 4.30% EPS growth. They expect $1.04 earnings per share, up 46.48% or $0.33 from last year's $0.71 per share. Criterion Capital Lc holds 1.35% of its portfolio in Applied Materials, Inc.

More notable recent Applied Materials, Inc. Credit Suisse Group lifted their target price on shares of Applied Materials from $62.00 to $72.00 and gave the company an "outperform" rating in a research note on Friday, November 17th.

Among 28 analysts covering Applied Materials Inc. One equities research analyst has rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. Therefore 96% are positive.

Company's existing stock price is at $51.12 with a change in price of -1.16%. The company was upgraded on Wednesday, September 28 by Wellington Shields. On Tuesday, March 29 the stock rating was downgraded by Bank of America to "Neutral". Keefe Bruyette & Woods maintained the stock with "Hold" rating in Thursday, July 27 report. On Friday, August 26 the stock rating was initiated by Stephens with "Equal-Weight". The firm earned "Buy" rating on Friday, August 18 by Nomura. The company has an average rating of "Buy" and an average price target of $60.95.

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