As Applied Materials INC (AMAT) Market Valuation Rose, Panagora Asset Management INC Has Decreased by $44.07 Million Its Position

February 15, 2018 - By Winifred Garcia

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. Princeton Strategies Group Incorporated stated it has 6,500 shares. Beck Capital Ltd has invested 2.1% in Applied Materials, Inc. (NASDAQ:AMAT). Macquarie Gp has invested 0.03% in Applied Materials, Inc. (NASDAQ:AMAT). Fiduciary reported 0.01% stake. Northcoast Asset Mgmt Ltd Liability holds 1.88% or 307,880 shares. Miles Capital Incorporated has 0.15% invested in Applied Materials, Inc. (NASDAQ:AMAT) for 5,011 shares. Boothbay Fund Mngmt Limited Liability, New York-based fund reported 17,600 shares. Artemis Inv Mgmt Llp stated it has 2.1% in Applied Materials, Inc. (NASDAQ:AMAT). Moon Cap Mgmt Lc holds 0.25% or 4,141 shares. The Massachusetts-based Westfield Capital Mngmt LP has invested 0.66% in Applied Materials, Inc. (NASDAQ:AMAT). Navellier Assoc Inc owns 134,492 shares or 1.36% of their US portfolio. Origin Asset Mngmt Llp owns 1.75% invested in Applied Materials, Inc. (NASDAQ:AMAT) for 545,821 shares. Benjamin F Edwards Company accumulated 6,723 shares. Lazard Asset Ltd Llc has 6.02M shares for 0.62% of their portfolio. Integral Derivatives Ltd Liability Co holds 0.02% or 20,695 shares in its portfolio.

Since August 23, 2017, it had 0 buys, and 5 selling transactions for $12.03 million activity. Another trade for 22,762 shares valued at $1.00M was made by Karsner Alexander on Wednesday, August 23. 53,466 Applied Materials, Inc. (NASDAQ:AMAT) shares with value of $2.83 million were sold by Nalamasu Omkaram. 4,000 shares were sold by Forrest Stephen R, worth $214,680 on Wednesday, January 3. $1.54 million worth of Applied Materials, Inc. (NASDAQ:AMAT) was sold by Larkins Thomas F on Thursday, October 5.

Panagora Asset Management Inc decreased its stake in Applied Materials Inc (AMAT) by 24.16% based on its latest 2017Q3 regulatory filing with the SEC. Panagora Asset Management Inc sold 847,483 shares as the company’s stock rose 23.58% with the market. The institutional investor held 2.66 million shares of the technology company at the end of 2017Q3, valued at $138.55 million, down from 3.51 million at the end of the previous reported quarter. Panagora Asset Management Inc who had been investing in Applied Materials Inc for a number of months, seems to be less bullish one the $56.35 billion market cap company. The stock increased 3.10% or $1.61 during the last trading session, reaching $53.57. About 22.86M shares traded or 72.34% up from the average. Applied Materials, Inc. (NASDAQ:AMAT) has risen 121.40% since February 15, 2017 and is uptrending. It has outperformed by 104.70% the S&P500.

Panagora Asset Management Inc, which manages about $37.15 billion and $25.26B US Long portfolio, upped its stake in Allstate Corp (NYSE:ALL) by 1.05 million shares to 1.81 million shares, valued at $165.93M in 2017Q3, according to the filing. It also increased its holding in Cl C by 3,848 shares in the quarter, for a total of 342,453 shares, and has risen its stake in Flowers Foods Inc (NYSE:FLO).

Analysts await Applied Materials, Inc. (NASDAQ:AMAT) to report earnings on February, 21. They expect $0.97 EPS, up 44.78 % or $0.30 from last year’s $0.67 per share. AMAT’s profit will be $1.02B for 13.81 P/E if the $0.97 EPS becomes a reality. After $0.93 actual EPS 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 Hold Q1 FY2018 Earnings Webcast on February 14, 2018 at 4 …” on February 02, 2018, also Benzinga.com with their article: “Vetr Crowd Upgrades Applied Materials” published on January 31, 2018, Globenewswire.com published: “Applied Materials Named One of the World’s Most Ethical Companies for 2018” on February 12, 2018. More interesting news about Applied Materials, Inc. (NASDAQ:AMAT) were released by: Investorplace.com and their article: “Thursday’s Vital Data: Facebook Inc (FB), Cisco Systems, Inc. (CSCO) and …” published on February 15, 2018 as well as Fool.com‘s news article titled: “Applied Materials Inc. (AMAT) Q1 2018 Earnings Conference Call Transcript” with publication date: February 15, 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. had 113 analyst reports since August 4, 2015 according to SRatingsIntel. CLSA downgraded the shares of AMAT in report on Thursday, December 10 to “Outperform” rating. The stock of Applied Materials, Inc. (NASDAQ:AMAT) earned “Buy” rating by Stifel Nicolaus on Friday, May 27. The stock has “Buy” rating by B. Riley & Co on Thursday, August 11. The rating was maintained by B. Riley & Co on Friday, February 19 with “Neutral”. The firm earned “Buy” rating on Thursday, February 15 by KeyBanc Capital Markets. The stock has “Negative” rating by Susquehanna on Tuesday, April 19. UBS maintained Applied Materials, Inc. (NASDAQ:AMAT) rating on Tuesday, June 13. UBS has “Buy” rating and $5200 target. The stock of Applied Materials, Inc. (NASDAQ:AMAT) has “Buy” rating given on Monday, August 17 by Argus Research. The stock has “Outperform” rating by Credit Suisse on Friday, August 18. Cowen & Co maintained Applied Materials, Inc. (NASDAQ:AMAT) on Friday, August 19 with “Outperform” rating.

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