Economy

Citadel Advisors LLC Lifted Stake in Applied Matls INC (AMAT)

Citadel Advisors LLC Lifted Stake in Applied Matls INC (AMAT)

Citadel Advisors Llc who had been investing in Applied Matls Inc for a number of months, seems to be bullish on the $55.57B market cap company.

Applied Materials, Inc. (NASDAQ: AMAT) has grabbed attention from the analysts when it experienced a change of 1.86% in the last trading session to close at $51.01. Its share price has risen 12.80% in three months and is down -3.59% for the last five trades. Applied Materials makes up about 0.8% of Sumitomo Mitsui Financial Group Inc.'s portfolio, making the stock its 14th biggest holding. It has outperformed by 104.70% the S&P500. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. "(AMAT) Position Raised by Twin Capital Management Inc." was reported by StockNewsTimes and is the property of of StockNewsTimes.

Before trading, trader, investor or shareholder must have an eye on stock's historical performance. A total of 19,265,897 shares exchanged hands during the intra-day trade contrast with its average trading volume of 11.12M shares, while its relative volume stands at 1.73. (NASDAQ:AMAT). Loomis Sayles LP stated it has 0% of its portfolio in Applied Materials, Inc. It has underperformed by 6.92% the S&P500.

Investors sentiment decreased to 0.82 in 2017 Q2. The company has a market capitalization of $53,409.67, a price-to-earnings ratio of 15.41, a PEG ratio of 0.95 and a beta of 1.80.

More news: How Insiders and Institutions are Trading Rite Aid Corporation (RAD)

Several hedge funds and other institutional investors have recently bought and sold shares of AMAT.

3M Company (MMM) has so far tried and showed success to beat the consensus-estimated $2.21, with their earning staying at $2.33 per share. Credit Suisse maintained Applied Materials, Inc. (AMAT) price will be reaching a mean target of $68.24 a share. Northwestern Mutual Wealth invested in 242,745 shares. Wesbanco Bancshares invested in 0.08% or 36,942 shares. Maryland-based Profund Advsr Limited Liability has invested 0.57% in Applied Materials, Inc. Carret Asset Mngmt Ltd has 0.43% invested in Applied Materials, Inc. (NASDAQ:AMAT). Cibc World Corp reported 231,721 shares or 0.1% of all its holdings. Hgk Asset Mgmt reported 1.78% stake. 87,942 are owned by Commonwealth National Bank Of Aus. The Allen Investment Management Llc holds 6,434 shares with $835,000 value, up from 3,868 last quarter. There has been an observed change of -1.88% in the ownership of the shares in the past six months. Parametric Portfolio Associates LLC grew its stake in shares of Applied Materials by 108.7% in the second quarter. They expect that Applied Materials, Inc. Therefore 96% are positive. USANA Health Science had 9 analyst reports since August 6, 2015 according to SRatingsIntel. As per Friday, August 18, the company rating was maintained by Deutsche Bank. (NASDAQ:AMAT) on Friday, August 18 with "Buy" rating. The rating was maintained by Citigroup on Monday, November 20 with "Buy". (NASDAQ:AMAT) for 198,767 shares. On Thursday, August 11 the stock rating was maintained by B. Riley & Co with "Buy". RBC Capital Markets maintained Applied Materials, Inc. (NYSE:USNA) has "Buy" rating given on Wednesday, September 16 by DA Davidson. Applied Materials has a 52 week low of $31.29 and a 52 week high of $60.89. Egerton Capital UK LLP lifted its position in Applied Materials by 23.2% during the third quarter. (NASDAQ:AMAT) were released by: Seekingalpha.com and their article: "Booming Chips" published on November 28, 2017 as well as Seekingalpha.com's news article titled: "The Applied Materials Super-Cycle Is In Full Swing" with publication date: November 22, 2017.

Shares of Microsoft, Facebook and Google-parent Alphabet rose more than 1 percent as the technology sector recovered from a recent selloff. It also reduced its holding in Smucker J M Co (Call) (NYSE:SJM) by 29,300 shares in the quarter, leaving it with 19,300 shares, and cut its stake in V F Corp (Put) (NYSE:VFC). At&T Inc (NYSE:T) was reduced too. Johnson & Johnson had 83 analyst reports since August 7, 2015 according to SRatingsIntel. Pivotal Research has "Hold" rating and $200.0 target. The stock has "Buy" rating by RBC Capital Markets on Friday, November 17. Pivotal Research has "Buy" rating and $80 target. UBS maintained the stock with "Buy" rating in Wednesday, October 19 report. The rating was upgraded by Nomura on Monday, October 26 to "Buy". The stock of Johnson & Johnson (NYSE:JNJ) earned "Neutral" rating by Piper Jaffray on Monday, October 5. Applied Materials had a return on equity of 41.51% and a net margin of 23.62%.

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