Applied Materials INC (AMAT) Shareholder Beck Capital Management LLC Trimmed Its Position as Share Value Rose

January 21, 2018 - By Ellis Scott

Investors sentiment increased to 1.06 in 2017 Q3. Its up 0.24, from 0.82 in 2017Q2. It improved, as 40 investors sold AMAT shares while 325 reduced holdings. 123 funds opened positions while 263 raised stakes. 811.15 million shares or 1.86% less from 826.54 million shares in 2017Q2 were reported. De Burlo Group has 144,600 shares for 1.67% of their portfolio. Howe Rusling Inc holds 1.29% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT) for 133,957 shares. Moreover, Glg Prns Ltd Partnership has 1.31% invested in Applied Materials, Inc. (NASDAQ:AMAT) for 473,059 shares. Whalerock Point Ltd Liability Corporation accumulated 5,965 shares or 0.11% of the stock. Financial Management Professionals accumulated 262 shares. Guinness Atkinson Asset stated it has 137,610 shares. Arcadia Inv Mi has 625 shares for 0.01% of their portfolio. Messner & Smith Theme Value Invest Management Ltd Ca reported 21,690 shares or 1.76% of all its holdings. 2.19M are owned by First Trust Advsrs L P. Da Davidson & invested in 51,309 shares or 0.05% of the stock. Perigon Wealth Llc accumulated 1,698 shares or 0.03% of the stock. Loring Wolcott And Coolidge Fiduciary Advsr Llp Ma invested in 1,576 shares or 0% of the stock. 90,010 were reported by Commonwealth State Bank Of. Thompson Siegel Walmsley Llc holds 0% in Applied Materials, Inc. (NASDAQ:AMAT) or 2,175 shares. Sta Wealth Ltd Liability Company has invested 0.45% in Applied Materials, Inc. (NASDAQ:AMAT).

Since August 23, 2017, it had 0 insider buys, and 5 sales for $12.03 million activity. $2.83 million worth of Applied Materials, Inc. (NASDAQ:AMAT) was sold by Nalamasu Omkaram on Tuesday, January 2. The insider Larkins Thomas F sold $1.54 million. Another trade for 4,000 shares valued at $214,680 was sold by Forrest Stephen R. 125,125 shares valued at $6.44 million were sold by Salehpour Ali on Friday, December 29.

Beck Capital Management Llc decreased its stake in Applied Materials Inc (AMAT) by 41.49% based on its latest 2017Q3 regulatory filing with the SEC. Beck Capital Management Llc sold 59,805 shares as the company’s stock rose 23.58% with the market. The institutional investor held 84,341 shares of the technology company at the end of 2017Q3, valued at $4.39 million, down from 144,146 at the end of the previous reported quarter. Beck Capital Management Llc who had been investing in Applied Materials Inc for a number of months, seems to be less bullish one the $60.63 billion market cap company. It closed at $57.4 lastly. It is up 121.40% since January 21, 2017 and is uptrending. It has outperformed by 104.70% the S&P500.

Analysts await Applied Materials, Inc. (NASDAQ:AMAT) to report earnings on February, 21. They expect $0.97 earnings per share, up 44.78 % or $0.30 from last year’s $0.67 per share. AMAT’s profit will be $1.02 billion for 14.79 P/E if the $0.97 EPS becomes a reality. After $0.93 actual earnings per share reported by Applied Materials, Inc. for the previous quarter, Wall Street now forecasts 4.30 % EPS growth.

More notable recent Applied Materials, Inc. (NASDAQ:AMAT) news were published by: Globenewswire.com which released: “Applied Materials to Present at Upcoming Investor Conference” on December 28, 2017, also Benzinga.com with their article: “Applied Materials’ 2020 Goal ‘Looks Conservative,’ Needham Says In Upgrade” published on January 08, 2018, Fool.com published: “Here’s Why Applied Materials’ Stock Jumped 58% in 2017” on January 17, 2018. More interesting news about Applied Materials, Inc. (NASDAQ:AMAT) were released by: Nasdaq.com and their article: “Here’s Why You Should Bet on Applied Materials (AMAT) Stock” published on January 02, 2018 as well as Livetradingnews.com‘s news article titled: “Applied Materials, Inc. (AMAT) Stock Consolidating” with publication date: January 16, 2018.

Applied Materials, Inc. (NASDAQ:AMAT) Ratings Coverage

Among 28 analysts covering Applied Materials Inc. (NASDAQ:AMAT), 28 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Applied Materials Inc. has $76.0 highest and $12 lowest target. $52.78’s average target is -8.05% below currents $57.4 stock price. Applied Materials Inc. had 109 analyst reports since August 4, 2015 according to SRatingsIntel. On Friday, August 19 the stock rating was maintained by Citigroup with “Buy”. The stock of Applied Materials, Inc. (NASDAQ:AMAT) earned “Buy” rating by Nomura on Friday, August 18. The stock of Applied Materials, Inc. (NASDAQ:AMAT) has “Buy” rating given on Friday, September 29 by Nomura. The company was maintained on Friday, August 18 by Stifel Nicolaus. UBS maintained it with “Buy” rating and $28.50 target in Friday, May 20 report. The stock of Applied Materials, Inc. (NASDAQ:AMAT) earned “Sell” rating by Zacks on Thursday, August 13. B. Riley & Co maintained it with “Buy” rating and $5600 target in Monday, August 14 report. The stock of Applied Materials, Inc. (NASDAQ:AMAT) has “Hold” rating given on Tuesday, August 1 by RBC Capital Markets. The firm earned “Buy” rating on Friday, May 27 by Stifel Nicolaus. Pacific Crest maintained the shares of AMAT in report on Thursday, March 10 with “Overweight” rating.

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