It May Be Time to Sell Shares of Applied Materials (NASDAQ:AMAT) as Goldman Sachs Has Downgraded The Company

May 18, 2018 - By Winifred Garcia

Applied Materials, Inc. (NASDAQ:AMAT) Logo

Investors sentiment decreased to 0.86 in 2017 Q4. Its down 0.20, from 1.06 in 2017Q3. It dropped, as 52 investors sold Applied Materials, Inc. shares while 367 reduced holdings. 113 funds opened positions while 249 raised stakes. 797.20 million shares or 1.72% less from 811.15 million shares in 2017Q3 were reported.

Jolley Asset Mngmt Lc owns 78,329 shares or 2.55% of their US portfolio. Tocqueville Asset Mgmt L P has 908,603 shares. Janney Capital Mngmt Ltd Liability Company reported 251,804 shares. Financial Engines Advisors Lc invested in 25 shares. Connor Clark And Lunn Inv Mngmt reported 52,125 shares. Hodges Cap Management Inc has invested 0.32% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT). Cadence Cap Mgmt Lc stated it has 5,492 shares. Automobile Association has 1.81 million shares for 0.25% of their portfolio. Fny Managed Accounts Limited Liability Co stated it has 105 shares or 0% of all its holdings. Moreover, Signaturefd Limited Liability has 0.04% invested in Applied Materials, Inc. (NASDAQ:AMAT) for 6,083 shares. Mengis Cap Mngmt holds 0.29% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT) for 9,403 shares. Appleton Prns Inc Ma invested 0.34% in Applied Materials, Inc. (NASDAQ:AMAT). Advantus Cap Incorporated invested in 0.14% or 109,636 shares. Johnson Investment Counsel reported 6,037 shares. Stone Ridge Asset Limited Liability Company holds 0.21% in Applied Materials, Inc. (NASDAQ:AMAT) or 61,258 shares.

Since December 29, 2017, it had 0 insider purchases, and 4 insider sales for $10.41 million activity. $2.83 million worth of Applied Materials, Inc. (NASDAQ:AMAT) was sold by Nalamasu Omkaram on Tuesday, January 2. Salehpour Ali sold $6.44M worth of stock. The insider Iannotti Thomas J sold 15,000 shares worth $922,050.

Applied Materials (NASDAQ:AMAT) Receives a Downgrade

This morning Applied Materials (NASDAQ:AMAT) has been downgraded by Goldman Sachs to a Hold rating in a note revealed on Friday, 18 May. The firm now has a $58.0000 PT shares.

Applied Materials, Inc. (NASDAQ:AMAT) Ratings Coverage

Among 12 analysts covering Applied Materials (NASDAQ:AMAT), 10 have Buy rating, 0 Sell and 2 Hold. Therefore 83% are positive. Applied Materials has $75 highest and $58 lowest target. $68.82’s average target is 39.82% above currents $49.22 stock price. Applied Materials had 18 analyst reports since November 20, 2017 according to SRatingsIntel. Credit Suisse maintained it with “Outperform” rating and $75 target in Monday, February 26 report. The rating was maintained by Susquehanna on Thursday, February 15 with “Buy”. The firm has “Strong Buy” rating by Needham given on Monday, January 8. The firm has “Buy” rating given on Tuesday, January 16 by FBR Capital. The rating was maintained by Credit Suisse with “Outperform” on Thursday, February 15. The company was maintained on Thursday, February 15 by Stifel Nicolaus. As per Thursday, April 12, the company rating was maintained by KeyBanc Capital Markets. The rating was maintained by Stifel Nicolaus with “Buy” on Tuesday, January 30. Nomura maintained Applied Materials, Inc. (NASDAQ:AMAT) rating on Tuesday, March 27. Nomura has “Buy” rating and $7000 target. The firm has “Buy” rating by Citigroup given on Monday, November 20.

The stock decreased 8.78% or $4.74 during the last trading session, reaching $49.22. About 9.97 million shares traded. Applied Materials, Inc. (NASDAQ:AMAT) has risen 42.67% since May 18, 2017 and is uptrending. It has outperformed by 31.12% the S&P500.

Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, display, and related industries worldwide. The company has market cap of $51.72 billion. It operates through three divisions: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. It has a 18.53 P/E ratio. The Semiconductor Systems segment develops, makes, and sells a range of manufacturing equipment used to fabricate semiconductor chips or integrated circuits.

More notable recent Applied Materials, Inc. (NASDAQ:AMAT) news were published by: Schaeffersresearch.com which released: “Cowen Jumps on the Nvidia, AMD Bullish Bandwagon” on May 18, 2018, also Seekingalpha.com with their article: “Semi capital equipment stocks move on Citi note” published on May 14, 2018, Seekingalpha.com published: “Applied Materials -2% on Q2 beats, mixed guidance” on May 17, 2018. More interesting news about Applied Materials, Inc. (NASDAQ:AMAT) were released by: Globenewswire.com and their article: “Applied Materials to Present at Upcoming Investor Conferences” published on May 18, 2018 as well as Seekingalpha.com‘s news article titled: “Highlights from Appaloosa’s Q1” with publication date: May 15, 2018.

Applied Materials, Inc. (NASDAQ:AMAT) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.