Applied Materials (AMAT) Board of Directors Announces Share Buyback Program

Applied Materials (AMAT) Board of Directors Announces Share Buyback Program

The share price has already crossed its 20 days moving average, floating at a distance of 4.34% and sits 4.17% higher versus its 50 days moving average. Exelon Corporation (EXC) has risen 2.57% since February 20, 2017 and is uptrending. It has outperformed by 80.48% the S&P500.

Polar Securities Inc decreased Applied Matls Inc (AMAT) stake by 20.92% reported in 2017Q3 SEC filing. Applied Materials, Inc. (NASDAQ:AMAT)'s short interest is 11.88 million shares, or 1.13% of the float. The Centre Asset Management Llc holds 160,800 shares with $8.38 million value, up from 134,000 last quarter. The average 1 year price target among brokerages that have covered the stock in the last year is $63.08. About 5.04M shares traded. ACM Research, Inc. (NASDAQ:ACMR) has 0.00% since February 19, 2017 and is. It has outperformed by 104.70% the S&P500. Applied Materials offers a diverse array of flexible service solutions to increase equipment uptime and factory efficiency, enabling fabs to focus on chip production, while lowering cost per wafer. (NASDAQ:AMAT). Rdl Fincl holds 0.18% or 4,575 shares in its portfolio. Brown Brothers Harriman & Co who had been investing in Applied Materials Inc for a number of months, seems to be less bullish one the $59.61 billion market cap company. (NASDAQ:AMAT) rating on Friday, November 17. KeyBanc Capital Markets maintained Applied Materials, Inc. Finally, Zions Bancorporation raised its stake in shares of Applied Materials by 349.1% during the third quarter. The firm earned "Buy" rating on Tuesday, August 4 by Argus Research. The firm earned "Sell" rating on Thursday, August 13 by Zacks. The company was upgraded on Wednesday, February 3 by Goldman Sachs. The rating was maintained by Nomura with "Hold" on Friday, August 14.

Since August 23, 2017, it had 0 insider buys, and 4 sales for $11.03 million activity.

In other news, VP Omkaram Nalamasu sold 53,466 shares of the company's stock in a transaction on Tuesday, January 2nd. (NASDAQ:TMUS) for 164,531 shares. Larkins Thomas F also sold $1.54M worth of Applied Materials, Inc.

Strategic Global Advisors Llc, which manages about $714.87M and $261.22M US Long portfolio, decreased its stake in Ishares Tr (EFA) by 126,774 shares to 156,291 shares, valued at $10.70 million in 2017Q3, according to the filing. Tiverton Asset Lc, Delaware-based fund reported 93,718 shares.

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Investors sentiment increased to 1.06 in Q3 2017. Its up 0.24, from 0.82 in 2017Q2. It dropped, as 22 investors sold Cara Therapeutics, Inc. shares while 31 reduced holdings. 67 funds opened positions while 169 raised stakes. 811.15 million shares or 1.86% less from 826.54 million shares in 2017Q2 were reported. Applied Materials, Inc. has 52-Week high of $60.89 and 52-Week Low of $35.52. Insider ownership increased by a total of 404352 shares, which suggests that AMAT's key executives are feeling more optimistic about the outlook for the stock. Miles Capital accumulated 5,011 shares. Wolverine Asset Lc holds 2,535 shares. Bellecapital Limited holds 6,200 shares. Voya Invest Management Llc holds 690,140 shares or 0.08% of its portfolio.

Applied Materials, Inc provides manufacturing equipment, services and software to the global semiconductor, display and related industries. Its up 17.74% from 10.95M shares previously. Bridgewater Assoc Ltd Partnership accumulated 177,647 shares or 0.06% of the stock. (NASDAQ:AMAT). Wesbanco Bancorporation has 0.1% invested in Applied Materials, Inc. Klingenstein Fields & Company Ltd Liability Corporation owns 11,560 shares or 0.02% of their United States portfolio. After $0.93 actual earnings per share reported by Applied Materials, Inc. for the previous quarter, Wall Street now forecasts 4.30% EPS growth. (NASDAQ:AMAT), 28 have Buy rating, 0 Sell and 0 Hold. 402,750 are owned by Victory Inc. It also increased its holding in Cxo (Call) (NYSE:CXO) by 4,700 shares in the quarter, for a total of 15,000 shares, and has risen its stake in Mdlz (Call) (NASDAQ:MDLZ). HighPoint Advisor Group LLC now owns 6,042 shares of the manufacturing equipment provider's stock worth $299,000 after purchasing an additional 2,457 shares during the period.

Since January 1, 0001, it had 0 buys, and 3 selling transactions for $24.20 million activity.

Investors sentiment increased to 1.14 in Q3 2017. Its down 0.04, from 1.12 in 2017Q2. It fall, as 65 investors sold STI shares while 235 reduced holdings. AMAT's SI was 12.89 million shares in February as released by FINRA. Applied Materials's dividend payout ratio is presently 12.62%. (NYSE:STI). Patten Patten Tn has 0.44% invested in SunTrust Banks, Inc. (NYSE:ED) shares were bought by HOGLUND ROBERT N. OATES JOSEPH P had bought 7 shares worth $566. (NYSE:ED). Alexandria Cap Ltd Liability Corp owns 4,279 shares or 0.09% of their U.S. portfolio. Thornburg Investment Management holds 207,674 shares. Amer Money Ltd Company has invested 0.4% in Applied Materials, Inc. (NYSE:HD) for 47,672 shares. Aperio Group Limited Liability Corp invested in 21,968 shares or 0% of the stock. Telemus Limited Liability Co invested in 42,278 shares. Us Retail Bank De reported 100 shares. Dubuque Retail Bank Trust Communications owns 4,867 shares or 0.04% of their USA portfolio. Utd Capital Financial Advisers Limited Liability Corp reported 56,877 shares. Schwab Charles Inv Mngmt owns 1.61M shares for 0.08% of their portfolio.

The company now has an insider ownership of 0.5 Percent and Institutional ownership of 81 Percent. 0 analysts gave its stock an Outperform rating. Suntrust Banks Inc. had 108 analyst reports since July 20, 2015 according to SRatingsIntel. Macquarie Research upgraded the stock to "Outperform" rating in Thursday, January 14 report. (NASDAQ:AMAT) on Monday, June 27 to "Buy" rating. The company was maintained on Monday, February 13 by Stifel Nicolaus. The firm has "Buy" rating given on Friday, August 21 by Jefferies. This repurchase authorization allows the manufacturing equipment provider to buy shares of its stock through open market purchases. The company has a market capitalization of $57,980.00, a price-to-earnings ratio of 15.33, a PEG ratio of 1.00 and a beta of 1.72.