The roster includes Applied Materials, Home Depot, Penn National Gaming, CarMax, Monster Beverage and Pfizer. Bank of America has created a list of stocks to consider as the market continues its correction, including Applied Materials (AMAT) - Get Applied Materials, Inc. Report, Home Depot (HD) - Get Home Depot, Inc. Report and Penn National Gaming (PENN) - Get Penn National Gaming, Inc. Report.
Arrowstreet Capital Limited Partnership Purchases 1,803,466 Shares of Applied Materials, Inc. (NASDAQ:AMAT)
Arrowstreet Capital Limited Partnership boosted its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 371.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,289,490 shares of the manufacturing equipment provider’s stock after acquiring an additional 1,803,466 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.25% of Applied Materials worth $294,726,000 at the end of the most recent quarter.
Our theme of Capex Cycle Stocks - which includes heavy equipment makers, electrical systems suppliers, automation solutions providers, and semiconductor fabrication equipment players - is holding up relatively well despite the broader market correction in 2022. While the Nasdaq-100 is down almost 12% year-to-date and the S&P 500 is down about 8%, the capex stock theme is down by just about 2%. So will the theme continue to fare better than the broader market? We think it’s likely for a couple of reasons. The current sell-off in equities is driven by fears of rising interest rates, and this has hit highly valued growth stocks particularly badly, as higher discount rates make future profits less valuable, with investors tending to take a shorter-term view. However, most of the stocks in our theme are relative value bets that trade at an average P/S multiple of about 3.5x. Moreover, the companies in our theme should see solid revenue growth this year as well, driven by higher infrastructure investments by the government and higher capital spending by businesses, unlike pandemic favorite tech stocks which could see growth cool to an extent.
Applied Materials (NASDAQ:AMAT) has outperformed the market over the past 10 years by 14.41% on an annualized basis. Buying $100 In AMAT: 10 years ago, an investor could have purchased 8.29 shares of Applied Materials at the time with $100. This investment in AMAT would have produced an average annual return of 26.88%. Currently, Applied Materials has a market capitalization of $117.93 billion.
Someone with a lot of money to spend has taken a bearish stance on Applied Materials (NASDAQ:AMAT). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga. Whether this is an institution or just...
Davis Selected Advisers lessened its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 2.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,744,831 shares of the manufacturing equipment provider’s stock after selling 261,548 shares during the period. Applied Materials accounts for about 5.2% of Davis Selected Advisers’ holdings, making the stock its 4th biggest position. Davis Selected Advisers owned approximately 0.97% of Applied Materials worth $1,125,722,000 as of its most recent filing with the Securities & Exchange Commission.
ALBANY - When U.S. Senate Majority Leader Charles Schumer wrote the legislation for the U.S. Innovation And Competition Act, a $250 billion bill designed to basically best China in high-tech development, he set aside a couple billion dollars for a new federal lab that would focus on next generation computer chip manufacturing.
Grantham Mayo Van Otterloo & Co. LLC lowered its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 45.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,100 shares of the manufacturing equipment provider’s stock after selling 22,061 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Applied Materials were worth $3,360,000 at the end of the most recent quarter.
Tweet This: — The accelerating digital transformation of the economy is creating new levels of demand for semiconductors. As the chip shortages have demonstrated, semiconductors are more important to the world now than ever before. Applied Materials is mobilizing its entire team to meet this unprecedented need for our equipment and technical knowhow.
DUBOIS – Professional goals often pursued by seasoned experts and academics alike are already being achieved by a pair of undergraduate students conducting research with the Penn State DuBois Engineering programs. Scot Coble of Marion Center and Jacob Feldbauer of DuBois are researching a new process for manufacturing powder...
These semiconductor manufacturing equipment suppliers are likely to get a nice shot in the arm.
When one thinks of the world’s largest chip-making complex — accompanied by an up-to $100 billion investment by Intel Corp. — it is unlikely the first location to come to mind is New Albany, Ohio. But according to Intel Chief Executive Officer Pat Gelsinger, it is just...
Intel today announced plans to invest $20 billion to construct two new semiconductor chip factories in Ohio as the United States continues to grapple with a shortage of critical electronic components. The new Intel manufacturing hub will sit on a 1,000-acre plot of land in Licking County near Columbus, Ohio...