Northwestern Mutual Wealth Management Reduces $22M in Applied Materials, Inc. ($AMAT)
Key Points
- Northwestern Mutual Wealth Management changed its Applied Materials, Inc. ($AMAT) stake by 8.0% last quarter, cutting to 454,670 shares worth $251.21 million.
- Wall Street's consensus rating on $AMAT is Strong Buy and an average price target of $517.28.
- $AMAT last traded around $552.50.
Northwestern Mutual Wealth Management trimmed its position in Applied Materials, Inc. ($AMAT) by 8.0% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 454,670 shares of Applied Materials, Inc. after selling 39,334 shares during the quarter. Northwestern Mutual Wealth Management's holdings in Applied Materials, Inc. were worth $251.21 million as of its most recent filing.
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About Applied Materials, Inc.
Applied Materials, Inc. provides materials engineering solutions, equipment, services, and software to the semiconductor and related industries in the United States, China, Korea, Taiwan, Japan, Southeast Asia, Europe, and internationally. The company operates through Semiconductor Systems and Applied Global Services (AGS) segments. The Semiconductor Systems segment includes semiconductor capital equipment to enable materials engineering steps, including etch, rapid thermal processing, deposition, chemical mechanical planarization, metrology and inspection, wafer packaging, and ion implantation. The AGS segment offers integrated solutions to optimize equipment and fab performance and productivity comprising spares, upgrades, services, and 200 millimeter and other equipment and factory automation software for semiconductor and other products. It serves manufacturers of semiconductor wafers and chips, and other electronic devices. Applied Materials, Inc. was incorporated in 1967 and is headquartered in Santa Clara, California.
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