Jbf Capital buys $2,682,000 stake in Applied Materials (AMAT)

Applied Materials (AMAT) : Jbf Capital scooped up 90,000 additional shares in Applied Materials during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 100,000 shares of Applied Materials which is valued at $2,682,000.Applied Materials makes up approximately 0.33% of Jbf Capital’s portfolio.

Other Hedge Funds, Including , Flippin Bruce Porter Inc reduced its stake in AMAT by selling 4,025 shares or 4.72% in the most recent quarter. The Hedge Fund company now holds 81,250 shares of AMAT which is valued at $2,179,125. Applied Materials makes up approx 0.61% of Flippin Bruce Porter Inc’s portfolio. Spot Trading L.l.c added AMAT to its portfolio by purchasing 31,558 company shares during the most recent quarter which is valued at $826,820. Applied Materials makes up approx 0.11% of Spot Trading L.l.c’s portfolio.Cwm boosted its stake in AMAT in the latest quarter, The investment management firm added 47 additional shares and now holds a total of 380 shares of Applied Materials which is valued at $10,021.

Applied Materials opened for trading at $27.4 and hit $27.75 on the upside on Monday, eventually ending the session at $27.47, with a gain of 1.07% or 0.29 points. The heightened volatility saw the trading volume jump to 1,07,68,461 shares. Company has a market cap of $29,919 M.

On the company’s financial health, Applied Materials reported $0.34 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 19, 2016. Analyst had a consensus of $0.32. The company had revenue of $2450.00 million for the quarter, compared to analysts expectations of $2428.97 million. The company’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS.

Investors should note that on Jun 9, 2016, Applied Materials announced a cash dividend of $0.1000. The company’s management has announced Aug 23, 2016 as the ex-dividend date and fixed the record date on Aug 25, 2016. The payable date has been fixed on Sep 15, 2016.

Many Wall Street Analysts have commented on Applied Materials. Company shares were Reiterated by Stifel on Aug 15, 2016 to “Buy”, Firm has raised the Price Target to $ 35 from a previous price target of $28 .Company shares were Reiterated by Needham on Jul 12, 2016 to “Buy”, Firm has raised the Price Target to $ 29 from a previous price target of $26 .Applied Materials was Upgraded by Susquehanna to ” Neutral” on Jun 28, 2016.

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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