Applied Materials (AMAT) : Symmetry Peak Management scooped up 37,500 additional shares in Applied Materials during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 90,000 shares of Applied Materials which is valued at $2,593,800.Applied Materials makes up approximately 6.02% of Symmetry Peak Management’s portfolio.
Other Hedge Funds, Including , Tudor Investment Corp Et Al boosted its stake in AMAT in the latest quarter, The investment management firm added 70,835 additional shares and now holds a total of 93,235 shares of Applied Materials which is valued at $2,702,883. Applied Materials makes up approx 0.10% of Tudor Investment Corp Et Al’s portfolio.Blackrock Fund Advisors boosted its stake in AMAT in the latest quarter, The investment management firm added 286,296 additional shares and now holds a total of 14,420,803 shares of Applied Materials which is valued at $422,962,152. Applied Materials makes up approx 0.09% of Blackrock Fund Advisors’s portfolio.Tradelink Capital reduced its stake in AMAT by selling 1,806 shares or 18.88% in the most recent quarter. The Hedge Fund company now holds 7,758 shares of AMAT which is valued at $221,801. Applied Materials makes up approx 0.79% of Tradelink Capital’s portfolio.First Trust Advisors Lp reduced its stake in AMAT by selling 65,842 shares or 3.9% in the most recent quarter. The Hedge Fund company now holds 1,622,780 shares of AMAT which is valued at $46,395,280. Applied Materials makes up approx 0.14% of First Trust Advisors Lp’s portfolio.Great West Life Assurance Co Can boosted its stake in AMAT in the latest quarter, The investment management firm added 83,781 additional shares and now holds a total of 956,680 shares of Applied Materials which is valued at $27,418,449. Applied Materials makes up approx 0.08% of Great West Life Assurance Co Can’s portfolio.
Applied Materials opened for trading at $30.47 and hit $31.25 on the upside on Monday, eventually ending the session at $30.74, with a gain of 0.03% or 0.01 points. The heightened volatility saw the trading volume jump to 2,39,58,862 shares. Company has a market cap of $33,227 M.
On the company’s financial health, Applied Materials reported $0.66 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Nov 17, 2016. Analyst had a consensus of $0.65. The company had revenue of $3297.00 million for the quarter, compared to analysts expectations of $3307.22 million. The company’s revenue was up 39.2% 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 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 .
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.