Applied Matls INC (AMAT) Holder Arrowstreet Capital Limited Partnership Cut Its Stake by $109.31 Million as Market Value Declined

July 16, 2018 - By Megan Stone

Applied Materials, Inc. (NASDAQ:AMAT) LogoInvestors sentiment increased to 0.95 in Q1 2018. Its up 0.09, from 0.86 in 2017Q4. It improved, as 50 investors sold AMAT shares while 356 reduced holdings. 109 funds opened positions while 278 raised stakes. 762.68 million shares or 4.33% less from 797.20 million shares in 2017Q4 were reported. Morgan Stanley accumulated 3.94 million shares. Penobscot Investment Mngmt Inc holds 0.21% in Applied Materials, Inc. (NASDAQ:AMAT) or 16,000 shares. Meag Munich Ergo Kapitalanlagegesellschaft Mbh owns 144,724 shares. Banced invested 1.58% in Applied Materials, Inc. (NASDAQ:AMAT). New Amsterdam Partners Lc Ny invested in 13,860 shares or 0.17% of the stock. Bancorporation Of America Corporation De owns 0.06% invested in Applied Materials, Inc. (NASDAQ:AMAT) for 6.09 million shares. Td Asset Management reported 4.79 million shares. Ny State Common Retirement Fund stated it has 0.2% in Applied Materials, Inc. (NASDAQ:AMAT). Great Lakes Advsr Ltd holds 0.01% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT) for 5,771 shares. 23,372 are held by Sta Wealth Management Ltd Liability Corporation. Massmutual Fsb Adv holds 0% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT) for 16,194 shares. Parsec Fincl Mngmt Inc stated it has 0.03% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT). 3,738 were reported by Smithfield Tru Company. Rmb Capital Ltd Liability has invested 0.02% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT). Assetmark holds 0.02% or 31,084 shares.

Since March 8, 2018, it had 0 buys, and 1 insider sale for $922,050 activity.

Arrowstreet Capital Limited Partnership decreased its stake in Applied Matls Inc (AMAT) by 17.87% based on its latest 2018Q1 regulatory filing with the SEC. Arrowstreet Capital Limited Partnership sold 1.99 million shares as the company’s stock declined 13.54% with the market. The institutional investor held 9.13 million shares of the technology company at the end of 2018Q1, valued at $507.92 million, down from 11.12 million at the end of the previous reported quarter. Arrowstreet Capital Limited Partnership who had been investing in Applied Matls Inc for a number of months, seems to be less bullish one the $46.93B market cap company. The stock increased 0.91% or $0.42 during the last trading session, reaching $46.55. About 4.64M shares traded. Applied Materials, Inc. (NASDAQ:AMAT) has risen 12.95% since July 16, 2017 and is uptrending. It has outperformed by 0.38% the S&P500.

Arrowstreet Capital Limited Partnership, which manages about $55.30B and $43.60B US Long portfolio, upped its stake in Exelon Corp (NYSE:EXC) by 1.13 million shares to 1.82M shares, valued at $70.98M in 2018Q1, according to the filing. It also increased its holding in Wynn Resorts Ltd (NASDAQ:WYNN) by 224,099 shares in the quarter, for a total of 506,361 shares, and has risen its stake in Itau Unibanco Hldg Sa (NYSE:ITUB).

Analysts await Applied Materials, Inc. (NASDAQ:AMAT) to report earnings on August, 16. They expect $1.16 EPS, up 34.88 % or $0.30 from last year’s $0.86 per share. AMAT’s profit will be $1.17 billion for 10.03 P/E if the $1.16 EPS becomes a reality. After $1.22 actual EPS reported by Applied Materials, Inc. for the previous quarter, Wall Street now forecasts -4.92 % negative EPS growth.

More news for Applied Materials, Inc. (NASDAQ:AMAT) were recently published by: Nasdaq.com, which released: “This Small-Cap Semiconductor Stock Now Offers a Solid Dividend” on June 27, 2018. Seekingalpha.com‘s article titled: “Applied Materials: Strong Growth At A Discount” and published on July 11, 2018 is yet another important article.

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

Among 13 analysts covering Applied Materials (NASDAQ:AMAT), 9 have Buy rating, 0 Sell and 4 Hold. Therefore 69% are positive. Applied Materials had 17 analyst reports since January 30, 2018 according to SRatingsIntel. Citigroup maintained the stock with “Buy” rating in Friday, July 13 report. The firm earned “Sector Perform” rating on Wednesday, June 13 by RBC Capital Markets. As per Monday, May 21, the company rating was maintained by Needham. The firm has “Buy” rating by Stifel Nicolaus given on Tuesday, January 30. The rating was maintained by Credit Suisse on Monday, February 26 with “Outperform”. Stifel Nicolaus maintained Applied Materials, Inc. (NASDAQ:AMAT) rating on Thursday, February 15. Stifel Nicolaus has “Buy” rating and $71.0 target. The company was maintained on Thursday, February 15 by Susquehanna. The rating was maintained by KeyBanc Capital Markets with “Buy” on Thursday, April 12. The firm earned “Outperform” rating on Thursday, February 15 by Credit Suisse. The rating was maintained by KeyBanc Capital Markets with “Buy” on Thursday, February 15.

Applied Materials, Inc. (NASDAQ:AMAT) Institutional Positions Chart

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