Cohen Lawrence B Lowers stake in Applied Materials (AMAT)

Applied Materials (AMAT) : Cohen Lawrence B reduced its stake in Applied Materials by 0.1% during the most recent quarter end. The investment management company now holds a total of 171,278 shares of Applied Materials which is valued at $3,613,966 after selling 175 shares in Applied Materials , the firm said in a disclosure report filed with the SEC on Apr 20, 2016.Applied Materials makes up approximately 2.31% of Cohen Lawrence B’s portfolio.

Applied Materials opened for trading at $20.94 and hit $21.26 on the upside on Friday, eventually ending the session at $21.1, with a gain of 0.74% or 0.155 points. The heightened volatility saw the trading volume jump to 91,39,325 shares. Company has a market cap of $23,858 M.

Other Hedge Funds, Including , Cornerstone Advisors boosted its stake in AMAT in the latest quarter, The investment management firm added 377 additional shares and now holds a total of 516 shares of Applied Materials which is valued at $10,888. Applied Materials makes up approx 0.01% of Cornerstone Advisors’s portfolio.Alpha Windward reduced its stake in AMAT by selling 17 shares or 0.2% in the most recent quarter. The Hedge Fund company now holds 8,394 shares of AMAT which is valued at $180,219. Applied Materials makes up approx 0.13% of Alpha Windward’s portfolio. Intermede Investment Partners Ltd sold out all of its stake in AMAT during the most recent quarter. The investment firm sold 1,408,851 shares of AMAT which is valued $30,248,031.Stonebridge Capital Management Inc reduced its stake in AMAT by selling 300 shares or 1.14% in the most recent quarter. The Hedge Fund company now holds 26,000 shares of AMAT which is valued at $558,220. Applied Materials makes up approx 0.24% of Stonebridge Capital Management Inc’s portfolio.British Columbia Investment Management Corp boosted its stake in AMAT in the latest quarter, The investment management firm added 21,837 additional shares and now holds a total of 622,588 shares of Applied Materials which is valued at $13,036,993. Applied Materials makes up approx 0.12% of British Columbia Investment Management Corp’s portfolio.

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. Applied Materials was Downgraded by Susquehanna to ” Negative” on Apr 19, 2016. Company shares were Reiterated by RBC Capital Mkts on Apr 18, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 22 from a previous price target of $21 .Company shares were Reiterated by Deutsche Bank on Apr 18, 2016 to “Buy”, Firm has raised the Price Target to $ 24 from a previous price target of $22 .

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.

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