It is trading at $56.37 significantly above the 50 day moving average which is $50.03 and which is quite a bit above the 200 day moving average of $45.14. The 50 day moving average went up by +12.67% and the 200 day average was up $11.23. 10,575K shares changed hands in the last trading session. Shares saw a steep decrease in trading volume of 18.30% under the normal average daily volume.
Traders are more bearish on the company if you take into consideration the uptick in short interest. The firm realized a rise in short interest of 1.63% as of the latest report on September 29, 2017. Short interest grew 234,305 over that timeframe. Days to cover decreased -1.0 to 1.0 and the short interest percentage is 0.01% as of September 29.
Applied Materials, Inc. (NASDAQ:AMAT) has been the object of insider selling activity recently. Sr. VP, GC & Corp. Secretary Thomas F. Larkins sold 30,000 shares at an average price of $51.24 on Thu the 5th. That brings Larkins’s holdings to $21,919,550 as recorded in a recent Form 4 SEC filing. Alexander Karsner, Director reported the sale of 22,762 shares of (AMAT). The shares were purchased at an average price of $44.03. The Director now owns $714,959 of the stock according to the SEC filing.
These funds have shifted positions in (AMAT). Alpha Windward LLC trimmed its investment by selling 497 shares a decrease of 7.7%. Alpha Windward LLC owns 5,936 shares worth $309,000. The total value of its holdings increased 16.2%. As of quarter end Private Capital Advisors, Inc. had bought 83 shares growing its holdings by 0.1%. The value in dollars went from $2,580,000 to $3,257,000 increasing 26.2% since the last quarter.
Bowling Portfolio Management LLC divested its position by shedding 21,720 shares a decrease of 21.3% in the quarter. Bowling Portfolio Management LLC now holds 80,285 shares with a value of $4,182,000. The value of the position overall is down by 0.8%. Robeco Institutional Asset Management B.v. expanded its ownership by buying 23,411 shares an increase of 3.2% from 06/30/2017 to 09/30/2017. Robeco Institutional Asset Management B.v. currently owns 755,249 shares valued at $39,338,000. The total value of its holdings increased 30.1%.
On August 18 Credit Suisse left the stock rating at “Outperform” but raised the price target to $62.00 from $30.00. August 18 investment analysts at KeyBanc made no change to the company rating of “Outperform” and moved up the price target from $20.00 to $62.00.
August 18 investment analysts at Stifel Nicolaus kept the company rating at “Buy” but raised the price expectation to $50.00 from $35.00. On September 13 the company was rated “Buy” by Goldman Sachs which was a boost from the previous “Buy” rating.
On September 18 the company was upgraded to “Outperform” from “Sector Perform” by RBC Capital. On September 29 Nomura kept the stock rating at “Buy” and raised the price expectation from $50.00 to $55.00.
The company is trading up since yesterday’s close of 56.09. The company declared a dividend for shareholders to be paid on Thursday the 14th of December 2017. The dividend payment will be $0.100 per share for the quarter which comes to $0.40 on an annualized basis. This dividend amount will represent a yield of $0.71. The ex-dividend date is set for Tuesday the 22nd of August 2017.
The company currently has a P/E ratio of 20.04 and market cap is 60.12B. In the last earnings report the EPS was $2.81 and is estimated to be $3.21 for the current year with 1,066,487,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $0.91 and the next full year EPS is anticipated to be $3.66.
Applied Materials, Inc. (Applied), launched on March 18, 1987, provides manufacturing equipment, services and software to the global semiconductor, display and related industries. The Business’s segments are Semiconductor Systems; Applied Global Services; Display and Adjacent Markets, and Corporate and Other. The Semiconductor Systems segment includes semiconductor capital equipment for etch, rapid thermal processing, deposition, chemical mechanical planarization, metrology and inspection, wafer packaging and ion implantation. Its Applied Global Services segment provides integrated solutions to optimize equipment and fab performance and productivity, including spares, upgrades, services, certain remanufactured earlier generation equipment and factory automation software for semiconductor, display and solar products. The Display and Adjacent Markets segment includes products for manufacturing liquid crystal displays (LCDs), organic light-emitting diodes (OLEDs), upgrades and roll-to-roll Web coating systems and other display technologies for televisions, personal computers, smart phones and other consumer-oriented devices. The Corporate and Other segment includes revenues from products, as well as costs of products sold for fabricating solar photovoltaic cells and modules, and certain operating expenses..