ETFs Are Net Sellers of Applied Materials (AMAT) on Oct. 14
This article first appeared on GuruFocus.
ETFs sold a net $20.7 million of Applied Materials (AMAT) on Wednesday, Oct. 14, even though more funds traded the other way but in smaller amounts. Forty-one ETFs bought shares while 15 sold. The net selling ended a three-day run of net buying: $147.0 million on Oct. 13, $42.3 million on Oct. 12 and $69.5 million on Oct. 9. ETF activity was mixed before that, with a net $34.2 million sold on Oct. 8.
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Every ETF and guru trade in AMAT is tracked on the AMAT guru trades page.
Which ETFs sold AMAT on Wednesday?
The largest sellers by dollar value were QQQ ($63.1 million), TECL ($2.7 million) and JGRO ($1.2 million). In all, 41 ETFs added shares and 15 cut them.
The largest seller was QQQ, which cut its stake by 0.84% and sold $63.1 million worth of shares, leaving it with 16,586,004 shares and a 1.51% weight. TECL sold $2.7 million and JGRO sold $1.2 million, while XLK sold $1.0 million. FTXL, SPMO, SPYG and IVW each sold less than $1.0 million. Applied Materials is in the Technology sector and the Semiconductor Equipment & Materials industry, with a market cap of $341.3 billion.
Have ETFs been buying or selling AMAT lately?
Over the last 5 reported days, ETFs were net buyers on 3 and net sellers on 2, so the recent trend is mostly buying.
What does AMAT do?
Applied Materials is the leader in materials engineering solutions used to produce virtually every semiconductor in the world, offering the industry’s most comprehensive portfolio of wafer fabrication equipment.
Applied Materials reported trailing-12-month revenue of $30.84 billion, up 9.9% over one year, with a gross margin of 49.4% and a net margin of 30.1%. Its P/E is 37.08, P/B is 13.32 and P/S is 11.14. The GF Score is 87, and the GF Value of $255.89 compares with a price of $430.01. The dividend yield is 0.54%, and the year-to-date return is 67.92%.