Applied Materials Inc (NDAQ:AMAT) Rating Restated

Applied Materials Inc (NDAQ:AMAT) had its Stock rating noted as Buy by analysts at Nomura. Nomura currently has a $5.00 TP on the $48.91B market cap company or -88.71 % downside potential. This was revealed in a report on 18 August.

NDAQ:AMAT is at the moment trading 2.74% higher at $44.30 as of 7:58 AM New York time. Applied Materials Inc.’s stock is 0% over the last 200 days. It has underperformed the S&P500, which has increased 6.00% over the same time.

Out of 21 brokers covering Applied Materials Inc., 20 rate it a Buy, 2 indicate a Hold while 1 suggest a Sell. The highest target is $31 and the lowest is $17 according to Thomson/First Call. The 12-month mean target is $26.64, which means downside potential of 39.86% over the current price.

Institutional Ownership

Praesidium Investment Management Company Llc had the most significant stake with ownership of 3.53 million shares as of Q2 2015 for 9.01% of the long stock exposure. Sensato Investors Llc is another quite bullish investment manager who is having 922,645 shares of Applied Materials Inc. or 5.91% of their long stock exposure. Furthermore, Magee Thomson Investment Partners Llc have 5.2% of their long stock exposure invested in the company for 522,300 shares. The Texas-based fund Kempner Capital Management Inc. revealed it had purchased so far a stake worth about 4.94% of the investment manager’s stock portfolio in Applied Materials Inc.. The New York-based fund Harvey Partners Llc is also positive about the stock, possessing 237,790 shares or 4.88% of their long stock exposure.

Applied Materials Inc (NDAQ:AMAT) Profile

Applied Materials, Inc. provides manufacturing equipment, services and software to the global semiconductor, display and related industries. 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.

Applied Materials Inc (NDAQ:AMAT) traded up 2.74% on 18 August, hitting $44.3. A total of 21.00M shares of the company’s stock traded hands. This is up from average of 9.77M shares. Applied Materials Inc. has a 52 week low of $27.56 and a 52 week high of $47.86. The company has a market cap of $48.91B and a P/E ratio of 15.73.

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The post Nomura Analyst Reaffirmed $5.00 Price Target on Applied Materials Inc (NDAQ:AMAT) stock, While Reiterating Buy Rating appeared first on Octafinance.