Applied Materials (AMAT) : Spirit Of America Management Corpny scooped up 2,000 additional shares in Applied Materials during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 19,800 shares of Applied Materials which is valued at $555,786.Applied Materials makes up approximately 0.07% of Spirit Of America Management Corpny’s portfolio.
Other Hedge Funds, Including , Reliance Trust Co Of Delaware reduced its stake in AMAT by selling 1,277 shares or 3.95% in the most recent quarter. The Hedge Fund company now holds 31,051 shares of AMAT which is valued at $871,602. Applied Materials makes up approx 0.08% of Reliance Trust Co Of Delaware’s portfolio.Gulf International Bank (uk) Ltd reduced its stake in AMAT by selling 19,835 shares or 5.65% in the most recent quarter. The Hedge Fund company now holds 331,523 shares of AMAT which is valued at $9,236,231. Applied Materials makes up approx 0.15% of Gulf International Bank (uk) Ltd’s portfolio.Fruth Investment Management reduced its stake in AMAT by selling 950 shares or 3.65% in the most recent quarter. The Hedge Fund company now holds 25,100 shares of AMAT which is valued at $718,864. Applied Materials makes up approx 0.36% of Fruth Investment Management’s portfolio.West Oak Capital reduced its stake in AMAT by selling 175 shares or 2.32% in the most recent quarter. The Hedge Fund company now holds 7,370 shares of AMAT which is valued at $220,658. Applied Materials makes up approx 0.15% of West Oak Capital’s portfolio.
Applied Materials opened for trading at $27.95 and hit $28.405 on the upside on Friday, eventually ending the session at $28.07, with a gain of 0.75% or 0.21 points. The heightened volatility saw the trading volume jump to 1,21,38,271 shares. Company has a market cap of $30,341 M.
On the company’s financial health, Applied Materials reported $0.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 18, 2016. Analyst had a consensus of $0.48. The company had revenue of $2821.00 million for the quarter, compared to analysts expectations of $2838.86 million. The company’s revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.
Investors should note that on Sep 8, 2016, Applied Materials announced a cash dividend of $0.1000. The company’s management has announced Nov 22, 2016 as the ex-dividend date and fixed the record date on Nov 25, 2016. The payable date has been fixed on Dec 15, 2016.
Many Wall Street Analysts have commented on Applied Materials. Company shares were Reiterated by RBC Capital Mkts on Aug 19, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 30 from a previous price target of $28 .Company shares were Reiterated by Cowen on Aug 19, 2016 to “Outperform”, Firm has raised the Price Target to $ 32.50 from a previous price target of $26 .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 .
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.