Will Investors Reward Applied Materials’ Big Guidance Boost?

During the quarter, the company generated $981 million in cash from operations. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The heightened volatility saw the trading volume jump to 1,02,55,330 shares. The shares were sold at an average price of $23.67, for a total transaction of $355,050.00. The Hedge Fund company now holds 132,856 shares of AMAT which is valued at $3,561,869. The disclosure for this sale can be found here. Applied Materials, Inc. (AMAT) has risen 64.66% since January 14, 2016 and is uptrending. It is now trading 2.46% above its 20 day moving average and 8.05% above its 50 day moving average. Value investors believe in the notion that a stock’s current market value essentially doesn’t denote the company’s performance. Applied Materials, Inc. has its YTD performance of 48.58 Percent. Applied Materials, Inc. (AMAT) reported results for its third quarter ended July 31, 2016. During the same quarter in the previous year, the company posted $0.33 EPS.

Sales in the quarter were up 13 percent to $2.82 billion, which came in just below Wall Street consensus revenue estimates of $2.84 billion.

The company did not offer guidance for the full-year.

Applied Materials, Inc. annual Divided is 0.4 while it’s Dividend Yield is 1.46%.

Indicating how profitable Applied Materials, Inc. IFP Advisors Inc now owns 8,741 shares of the manufacturing equipment provider’s stock valued at $185,000 after buying an additional 3,026 shares in the last quarter. Finally, Dowling & Yahnke LLC raised its stake in Applied Materials by 1.3% in the second quarter. Park National Corp OH boosted its position in Applied Materials by 4.0% in the second quarter. Applied Materials, Inc. (NASDAQ: AMAT) marked 52 week highest price level of $27.75 on 08/15/16 and 52 week lowest price level of $14.25 on 08/24/15. After the session opened at $64.30, the stock’s price hit the top of $ 64.85 while it touched a low of $ 63.75. Zacks Investment Research upgraded Applied Materials from a “hold” rating to a “strong-buy” rating and set a $26.00 price target for the company in a report on Tuesday, May 24th.

04/18/2016 – Applied Materials, Inc. had its “buy” rating reiterated by analysts at Deutsche Bank.

Earnings growth is an important factor to look at when buying stocks and investors look for stocks that have grown their earnings at least 25% or more for the past 3 years.

Analysts projected the maximum potential price target of $35 however minimum reachable price target is $20 expected by them, according to WSJ data.

Applied Materials also models 61-69 cents EPS ex items, up 124% and topping analysts’ views for 48 cents. The Santa Clara, Calif. -based company is benefiting from a well-executed strategy that’s driving growth not only in its Silicon segment, but also in Displays and Global services businesses.