Applied Materials (AMAT) : Pensionfund Dsm Netherlands has sold out all of its stake in Applied Materials during the most recent quarter, according to a report filed by the company on Apr 4, 2016 with the SEC. The investment management company has sold out 183,400 shares of Applied Materials which is valued at $3.8 Million.
Other Hedge Funds, Including , Pensionfund Sabic sold out all of its stake in AMAT during the most recent quarter. The investment firm sold 93,100 shares of AMAT which is valued $1.9 Million.
On the company’s financial health, Applied Materials reported $0.26 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 18, 2016. Analyst had a consensus of $0.25. The company had revenue of $2257.00 million for the quarter, compared to analysts expectations of $2243.06 million. The company’s revenue was down -.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.27 EPS.
Many Wall Street Analysts have commented on Applied Materials. Company shares were Upgraded by UBS on Apr 14, 2016 to ” Buy”, Firm has raised the Price Target to $ 26 from a previous price target of $21 .Applied Materials was Downgraded by DA Davidson to ” Neutral” on Apr 6, 2016. Applied Materials was Upgraded by Exane BNP Paribas to ” Outperform” on Mar 31, 2016.
Applied Materials opened for trading at $20.95 and hit $21.17 on the upside on Monday, eventually ending the session at $20.94, with a gain of 0.72% or 0.15 points. The heightened volatility saw the trading volume jump to 1,38,09,982 shares. Company has a market cap of $23,677 M.
Applied Materials Inc. (Applied) provides manufacturing equipment services and software to the global semiconductor flat panel display solar photovoltaic (PV) and related industries. Applied operates in four segments: Silicon Systems Group Applied Global Services Display and Energy and Environmental Solutions. The Silicon Systems Group segment develops manufactures and sells manufacturing equipment used to fabricate semiconductor chips. The Applied Global Services segment encompasses services products and integrated solutions to optimize equipment and fab performance and productivity. The Display Segment includes products for manufacturing liquid crystal displays organic light-emitting diodes and other display technologies for televisions personal computers tablets smartphones and other devices. The Energy and Environmental Solutions segment includes systems for manufacturing wafer-based crystalline silicon cells and modules.