Economy

Which insiders are selling Applied Materials, Inc. (AMAT)?

Applied Materials, Inc. (NASDAQ:AMAT) received a Buy rating from 6 analysts. The Guinness Asset Management Ltd holds 80,300 shares with $4.18M value, up from 73,680 last quarter. Applied Materials, Inc. has a 52 week low of $36.42 and a 52 week high of $60.89. The stock traded within a range of $55.12 and $58.14. About 6.91 million shares traded. It has outperformed by 104.70% the S&P500.

Among 21 analysts covering Cree Inc. The third largest holder is State Street Corp, which now holds $3.08 billion worth of this stock and that ownership represents almost 5.02% of its market capitalization. Therefore 48% are positive. HDFC Bank Limited had 5 analyst reports since August 27, 2015 according to SRatingsIntel. Deutsche Bank maintained Cree, Inc. (NASDAQ:AMAT) has "Neutral" rating given on Wednesday, April 6 by DA Davidson. The firm has "Buy" rating by Credit Agricole given on Tuesday, January 19. The brokerage now has an "overweight" rating on the manufacturing equipment provider's stock. The stock has "Hold" rating by Jefferies on Thursday, July 14. The stock has "Buy" rating by Nomura on Monday, October 26. The firm has "Outperform" rating by Credit Agricole given on Thursday, December 10. They set an "outperform" rating and a $65.00 target price for the company. The stock of Applied Materials, Inc. Citigroup downgraded the shares of AMAT in report on Friday, October 23 to "Neutral" rating.

Applied Materials, Inc. expertise in modifying materials at atomic levels and on an industrial scale enables customers to transform possibilities into reality. (NASDAQ:AMAT) for 5,650 shares. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.2 average brokerage recommendation. Therefore 100% are positive. The firm has "Buy" rating by Goldman Sachs given on Wednesday, September 13. The rating was maintained by Wells Fargo with "Buy" on Tuesday, February 6. Raymond James Trust Na holds 0.48% of its portfolio in Applied Materials, Inc. Finally, Zacks Investment Research raised shares of Applied Materials from a "hold" rating to a "strong-buy" rating and set a $59.00 target price for the company in a research report on Friday, December 15th. The firm has "Buy" rating by KeyBanc Capital Markets given on Thursday, February 15. The firm earned "Outperform" rating on Monday, February 13 by Cowen & Co. The Company's segments are Semiconductor Systems, which includes semiconductor capital equipment for etch, rapid thermal processing, deposition, chemical mechanical planarization, metrology and inspection, wafer packaging, and ion implantation; Applied Global Services, which provides integrated solutions to optimize equipment and fab performance and productivity; Display and Adjacent Markets, which includes products for manufacturing liquid crystal displays, organic light-emitting diodes, upgrades and roll-to-roll Web coating systems and other display technologies for televisions, personal computers, smart phones and other consumer-oriented devices, and Corporate and Other segment, which includes revenues from products, as well as costs of products sold for fabricating solar photovoltaic cells and modules, and certain operating expenses.

Since October 5, 2017, it had 0 insider buys, and 4 selling transactions for $11.03 million activity. Forrest Stephen R sold $214,680 worth of stock or 4,000 shares. $1.54M worth of stock was sold by Larkins Thomas F on Thursday, October 5. 53,466 shares were sold by Nalamasu Omkaram, worth $2.83 million on Tuesday, January 2. This represents an increase of 16% 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. Its up 0.24, from 0.82 in 2017Q2.

A number of hedge funds have recently bought and sold shares of AMAT. 123 funds opened positions while 263 raised stakes. The manufacturing equipment provider reported $1.06 EPS for the quarter, beating the Zacks' consensus estimate of $0.98 by $0.08. Craig Hallum maintained Applied Materials, Inc. (NASDAQ:AMAT) for 269,661 shares. The institutional investor acquired 11,761 shares of the manufacturing equipment provider's stock, valued at approximately $601,000. During the same period in the prior year, the company posted $0.67 EPS. research analysts predict that Applied Materials, Inc. will post 4.39 earnings per share for the current fiscal year. (NASDAQ:AMAT). Moreover, L & S Incorporated has 1.38% invested in Applied Materials, Inc. (NASDAQ:AMAT). First Eagle Inv Management Ltd Company reported 0.22% stake. Turns back to returns ratios, the co's returns on assets calculated as 24.40%; that gives an idea as to how efficient management is at using its assets to generate earnings. The Kansas-based Intrust Financial Bank Na has invested 0.09% in Applied Materials, Inc. (NASDAQ:AMAT) for 128,699 shares. Price T Rowe Associate Md stated it has 0.14% in Applied Materials, Inc. & Flex., Salehpour Ali, sold 125,125 common shares of Applied Materials, Inc.

Investors sentiment is 0.83 in 2017 Q3. Its down 0.03, from 1.17 in 2017Q2. 32 funds opened positions while 68 raised stakes. Trust Department Mb Comml Bank N A holds 0% or 380 shares. Pacad Inv Limited invested 0% in Cree, Inc. Barrow Hanley Mewhinney And Strauss Ltd Limited Liability Company holds 10.61M shares or 2.08% of its portfolio. Prudential Public Limited Company invested in 0.17% or 1.02M shares. Ls Invest Advsrs Ltd Liability Co has invested 0.01% in Cree, Inc. Van Strum Towne has 3.86% invested in Johnson & Johnson (NYSE:JNJ) for 45,628 shares. Great West Life Assurance Can invested 0% in Cree, Inc. Shell Asset Management stated it has 0.01% in Cree, Inc. (NASDAQ:AVID) to report earnings on March, 22. Guggenheim Limited Liability Com owns 0% invested in Cree, Inc. Finally, Needham & Company LLC lifted their price objective on shares of Applied Materials to $66.00 and gave the company a "positive" rating in a report on Friday, November 17th. Kbc Grp Nv holds 20,012 shares or 0.01% of its portfolio. 3,064 are held by Wooster Corthell Wealth Mgmt Inc. (NASDAQ:CREE) for 248 shares. The stock increased 0.21% or $0.01 during the last trading session, reaching $4.86. About 1.05 million shares traded.

Institutions own 79.42% of Applied Materials, Inc. It has underperformed by 4.16% the S&P500.

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