This article first appeared on GuruFocus.
Invesco QQQ (QQQ) led the ETF activity, adding $70.1 million of Applied Materials on Monday, Oct. 19, as ETFs overall bought a net $131.5 million of the stock. Thirty-nine ETFs were buying and 23 were selling. The buying followed net selling of $6.3 million on Oct. 16, $58.8 million on Oct. 15 and $20.3 million on Oct. 14, after net buying of $147.0 million on Oct. 13. The same-direction streak stands at 1 day.
Every ETF and guru trade in AMAT is tracked on the AMAT guru trades page.
Which ETFs bought AMAT on Monday?
The largest buyers by dollar value were QQQ ($70.1 million), SOXX ($51.2 million) and XLK ($9.3 million). In all, 39 ETFs added shares and 23 cut them.
QQQ added 169,602 shares, a 1.03% stake change, and held 16,678,179 shares at a 1.42% weight. SOXX added 124,040 shares, a 3.45% stake change, for $51.2 million at a 3.65% weight, while XLK added 22,440 shares for $9.3 million at a 1.95% weight. QLD added $3.5 million, QQQM $2.9 million, and SOXQ and MTUM $1.6 million each. Applied Materials sits in the Technology sector, in Semiconductor Equipment & Materials, with a market cap of $321.4 billion.
Have ETFs been buying or selling AMAT lately?
Over the last 5 reported days, ETFs were net buyers on 2 and net sellers on 3, so the recent trend is mostly selling.
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 34.92, P/B 12.54 and P/S 10.49. The GF Score is 87, and the GF Value of $257.31 compares with a price of $404.98. The dividend yield is 0.55%, and the stock is up 58.15% year to date.