Applied Materials Inc (NASDAQ:AMAT) Rating Increased
Susquehanna raised shares of Applied Materials Inc (NASDAQ:AMAT) from Negative rating to Neutral rating in analysts report shared with investors and clients on 28 June.
According to data compiled by Thomson Reuters, Applied Materials Inc (NASDAQ:AMAT)’s stock is covered by 21 equity analysts across the Street, with 1 analysts giving it a Sell rating, 20 a Buy rating, while 2 consider it a Hold. The 12-month consensus target price for the stock is $26.64, which reflects an upside potential of 17.10% over the current price.
NASDAQ:AMAT Price Chart & Trend
The stock price of Applied Materials Inc. increased 43.25% over the last 200 days, and is in very strong up trend. In the last 50 and 100 days, Applied Materials Inc. is up 3.82% and up 29.62%, respectively. Our stocks momentum model is shown on the price chart below.
Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models
Praesidium Investment Management Company Llc had the biggest stake with ownership of 4.97 million shares as of q2 2015 for 8.05% of the fund’s portfolio. Clearline Capital Lp is another quite bullish investment professional who is owning 2.35 million shares of Applied Materials Inc. or 6.27% of their fund’s portfolio. Moreover, Amiya Capital Llp have 5.36% of their fund’s portfolio invested in the company for 49,745 shares. The California-based fund Empyrean Capital Partners Lp revealed it had purchased a stake worth about 4.71% of the investment professional’s stock portfolio in Applied Materials Inc.. The Wisconsin-based fund National Investment Services Inc Wi is also positive about the stock, possessing 5.25 million shares or 3.66% of their fund’s portfolio.Over the last six months, Applied Materials Inc. NASDAQ:AMAT has seen 0 insider buying transactions, and 5 insider selling transactions. The net result was for 5 transactions, worth $1.73M.
Applied Materials Inc (NASDAQ:AMAT) Profile
Applied Materials, Inc. (Applied) provides manufacturing equipment, services and software to the semiconductor, display, solar photovoltaic (PV) and related industries across the world. The Company operates in four segments: Silicon Systems, Applied Global Services, Display, and Energy and Environmental Solutions. Its manufacturing activities consist of assembly, test and integration of various commercial parts, components and subassemblies that are used to manufacture systems.
Applied Materials Inc (NASDAQ:AMAT) traded up 2.06% on 28 June, hitting $22.75. A total of 7.54 million shares of the company’s stock traded hands. This is down from average of 15.90 million shares. Applied Materials Inc. has a 52 week low of $14.25 and a 52 week high of $24.65. The company has a market cap of $23.78 billion and a P/E ratio of 21.
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