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Pine Haven Investment Counsel sold shares of Applied Materials, but the company reported strong Q1 earnings, exceeding forecasts.
Pine Haven Investment Counsel Inc sold some shares of Applied Materials Inc, reducing their holdings by 3.7%.
Despite this, Applied Materials reported strong Q1 earnings, beating estimates with $2.39 EPS and $7.10 billion in revenue.
The company's stock is valued at $133.81 billion, with a P/E ratio of 21.80 and a beta of 1.71.
Analysts predict 9.38 EPS for the year and several firms have issued "buy" ratings, with an average target price of $199.29.
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Pine Haven Investment Counsel vendió acciones de Applied Materials, pero la compañía reportó fuertes ganancias del primer trimestre, que superaron las previsiones.