Analysts take a look at Applied Materials, Inc. (NASDAQ:AMAT) having this to say.

August 9, 2018 - By Kristin Houston

Applied Materials, Inc. (NASDAQ:AMAT) LogoInvestors sentiment increased to 0.95 in Q1 2018. Its up 0.09, from 0.86 in 2017Q4. It increased, as 50 investors sold Applied Materials, Inc. shares while 356 reduced holdings. 109 funds opened positions while 278 raised stakes. 762.68 million shares or 4.33% less from 797.20 million shares in 2017Q4 were reported.
Reliance Trust Of Delaware holds 0.04% or 4,704 shares in its portfolio. Retirement Sys Of Alabama owns 501,932 shares or 0.14% of their US portfolio. Pggm Invests invested in 714,454 shares. Two Sigma Securities Limited Liability has invested 0.01% in Applied Materials, Inc. (NASDAQ:AMAT). Livforsakringsbolaget Skandia Omsesidigt has invested 0.06% in Applied Materials, Inc. (NASDAQ:AMAT). Pillar Pacific Cap Mgmt Limited Liability Company invested 1.52% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT). Clark Capital Management Group Inc reported 395,904 shares. Perigon Wealth Mgmt Limited Com reported 400 shares. Canada Pension Plan Invest Board invested 0.23% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT). Waddell & Reed Finance Inc holds 4.58M shares or 0.58% of its portfolio. Ser reported 0.02% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT). Livingston Grp Inc Asset Mngmt (Operating As Southport Capital Management) reported 7,074 shares. 137,731 were reported by Bnp Paribas Asset Management Hldg Sa. Sit Investment Associate Inc stated it has 0.88% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT). 47,000 were accumulated by De Burlo Inc.

Since March 8, 2018, it had 0 insider buys, and 1 sale for $922,050 activity.

Applied Materials, Inc. (NASDAQ:AMAT) Ratings Coverage

Among 12 analysts covering Applied Materials (NASDAQ:AMAT), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. Applied Materials has $75 highest and $5800 lowest target. $68.73’s average target is 40.26% above currents $4934 stock price. Applied Materials had 16 analyst reports since February 15, 2018 according to SRatingsIntel. Nomura maintained the stock with “Buy” rating in Tuesday, March 27 report. Susquehanna maintained Applied Materials, Inc. (NASDAQ:AMAT) on Thursday, February 15 with “Buy” rating. As per Monday, August 6, the company rating was upgraded by Cowen & Co. Credit Suisse maintained Applied Materials, Inc. (NASDAQ:AMAT) rating on Thursday, February 15. Credit Suisse has “Outperform” rating and $74 target. The rating was downgraded by RBC Capital Markets on Wednesday, June 13 to “Sector Perform”. KeyBanc Capital Markets maintained Applied Materials, Inc. (NASDAQ:AMAT) on Thursday, February 15 with “Buy” rating. The stock of Applied Materials, Inc. (NASDAQ:AMAT) has “Outperform” rating given on Monday, February 26 by Credit Suisse. The rating was maintained by Stifel Nicolaus on Thursday, February 15 with “Buy”. Stifel Nicolaus maintained Applied Materials, Inc. (NASDAQ:AMAT) rating on Friday, May 18. Stifel Nicolaus has “Buy” rating and $7500 target. The company was maintained on Friday, July 13 by Citigroup. Below is a list of Applied Materials, Inc. (NASDAQ:AMAT) latest ratings and price target changes.

06/08/2018 Broker: Cowen & Co Old Rating: Market Perform New Rating: Outperform Old Target: $60 New Target: $62 Upgrade
13/07/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $78 New Target: $73 Maintain
13/06/2018 Broker: RBC Capital Markets Old Rating: Outperform New Rating: Sector Perform Downgrade
21/05/2018 Broker: Needham Rating: Buy New Target: $68.0000 Maintain
18/05/2018 Broker: Stifel Nicolaus Rating: Buy New Target: $75.0000 Maintain
18/05/2018 Broker: Goldman Sachs Rating: Hold New Target: $58.0000 Downgrade
15/05/2018 Broker: Cowen & Co Rating: Market Perform New Target: $60 Initiates Coverage On
12/04/2018 Broker: KeyBanc Capital Markets Rating: Buy Maintain
05/04/2018 Broker: UBS Rating: Neutral New Target: $58 Initiates Coverage On
27/03/2018 Broker: Nomura Rating: Buy New Target: $70.0000 Maintain

The stock decreased 2.34% or $1.1766 during the last trading session, reaching $49.0034. About 1.91M shares traded. Applied Materials, Inc. (NASDAQ:AMAT) has risen 12.95% since August 9, 2017 and is uptrending. It has outperformed by 0.38% the S&P500.

Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, display, and related industries worldwide. The company has market cap of $49.40 billion. It operates through three divisions: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. It has a 16.46 P/E ratio. The Semiconductor Systems segment develops, makes, and sells a range of manufacturing equipment used to fabricate semiconductor chips or integrated circuits.

More notable recent Applied Materials, Inc. (NASDAQ:AMAT) news were published by: Marketwatch.com which released: “Charting a bullish technical tilt: S&P 500, Nasdaq rise within view of record territory” on August 07, 2018, also 247Wallst.com with their article: “Top Analyst Upgrades and Downgrades: Applied Materials, Extreme Networks, Mylan, NXP, Roku, Seagate, Yelp …” published on August 09, 2018, Seekingalpha.com published: “Applied Materials: Strong Growth At A Discount” on July 11, 2018. More interesting news about Applied Materials, Inc. (NASDAQ:AMAT) were released by: Schaeffersresearch.com and their article: “Morgan Stanley Hits 2 Chip Stocks with Downgrades” published on August 09, 2018 as well as Streetinsider.com‘s news article titled: “Wall St. set to open higher; S&P flirts with record high” with publication date: August 09, 2018.

Applied Materials, Inc. (NASDAQ:AMAT) Institutional Positions Chart

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