Out of 22 analysts covering Applied Materials Inc. (NASDAQ:AMAT), 17 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 77% are positive. Applied Materials Inc. has been the topic of 53 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Below is a list of Applied Materials, Inc. (NASDAQ:AMAT) latest ratings and price target changes.
02/06/2016 Broker: Goldman Sachs Rating: Buy Old Target: $25.00 New Target: $27.00 Maintain
27/05/2016 Broker: Stifel Nicolaus Rating: Buy Old Target: $24.00 New Target: $28.00 Maintain
25/05/2016 Broker: Citigroup Old Rating: Neutral New Rating: Buy Upgrade
20/05/2016 Broker: Cowen & Co Rating: Outperform Old Target: $24.00 New Target: $26.00 Maintain
20/05/2016 Broker: UBS Rating: Buy Old Target: $26.00 New Target: $28.50 Maintain
20/05/2016 Broker: B. Riley & Co Old Rating: Neutral New Rating: Buy Upgrade
19/04/2016 Broker: Susquehanna Old Rating: Neutral New Rating: Negative Downgrade
14/04/2016 Broker: UBS Old Rating: Neutral New Rating: Buy Upgrade
06/04/2016 Broker: DA Davidson Old Rating: Buy New Rating: Neutral Downgrade
31/03/2016 Broker: BNP Paribas Old Rating: Underperform New Rating: Outperform Upgrade
About 2.68M shares traded hands. Applied Materials, Inc. (NASDAQ:AMAT) has risen 43.65% since November 3, 2015 and is uptrending. It has outperformed by 43.38% the S&P500.
Applied Materials, Inc. provides manufacturing equipment, services and software to the semiconductor, display, solar photovoltaic (PV) and related industries across the world. The company has a market cap of $26.40 billion. The Firm operates in four divisions: Silicon Systems, Applied Global Services, Display, and Energy and Environmental Solutions. It has a 22.32 P/E ratio. The Company’s manufacturing activities consist of assembly, test and integration of various commercial parts, components and subassemblies that are used to manufacture systems.
The institutional sentiment decreased to 0.62 in Q4 2015. Its down 0.17, from 0.79 in 2015Q3. The ratio is negative, as 77 funds sold all Applied Materials, Inc. shares owned while 264 reduced positions. 46 funds bought stakes while 166 increased positions. They now own 936.24 million shares or 6.25% less from 998.66 million shares in 2015Q3.
Praesidium Investment Management Company Llc holds 8.26% of its portfolio in Applied Materials, Inc. for 4.81 million shares. Icm Asset Management Inc Wa owns 127,045 shares or 3.48% of their US portfolio. Moreover, National Investment Services Inc Wi has 3.39% invested in the company for 160,213 shares. The Connecticut-based Sound Shore Management Inc Ct has invested 3.2% in the stock. Jolley Asset Management Llc, a North Carolina-based fund reported 179,137 shares.
By: The Post.
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