As Applied Matls INC (AMAT) Market Valuation Rose, Columbus Circle Investors Has Lowered Its Holding by $34.87 Million

March 20, 2018 - By Marie Mckinney

Investors sentiment increased to 1.06 in 2017 Q3. Its up 0.24, from 0.82 in 2017Q2. It is positive, 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. Eqis holds 0.07% or 26,177 shares in its portfolio. Tegean Mgmt Ltd Liability Com owns 15,000 shares. Highland Mgmt Limited Liability Com accumulated 20,405 shares or 0.08% of the stock. Parkwood Ltd Liability stated it has 0.04% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT). Morgan Stanley holds 4.33 million shares. Systematic Financial Limited Partnership invested in 0.08% or 74,351 shares. Gulf National Bank & Trust (Uk) Ltd accumulated 339,723 shares or 0.24% of the stock. Comerica Bankshares accumulated 380,396 shares or 0.15% of the stock. Gsa Capital Partners Llp stated it has 117,184 shares or 0.42% of all its holdings. State Treasurer State Of Michigan stated it has 598,409 shares. Rmb Capital Mgmt Ltd Liability Com reported 0.01% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT). Winslow Management reported 0% stake. 9,298 were accumulated by Williams Jones Assoc Ltd Limited Liability Company. Exane Derivatives has invested 0.03% in Applied Materials, Inc. (NASDAQ:AMAT). 902 were accumulated by Cranbrook Wealth Mngmt Lc.

Since October 5, 2017, it had 0 insider purchases, and 5 sales for $11.95 million activity. Shares for $922,050 were sold by Iannotti Thomas J on Thursday, March 8. Larkins Thomas F had sold 30,000 shares worth $1.54 million. Shares for $214,680 were sold by Forrest Stephen R. Salehpour Ali sold $6.44 million worth of Applied Materials, Inc. (NASDAQ:AMAT) on Friday, December 29.

Donald Chiboucis decreased its stake in Applied Matls Inc (AMAT) by 23.21% based on its latest 2017Q3 regulatory filing with the SEC. Columbus Circle Investors sold 670,596 shares as the company’s stock rose 23.58% with the market. The hedge fund run by Donald Chiboucis held 2.22 million shares of the technology company at the end of 2017Q3, valued at $115.58M, down from 2.89 million at the end of the previous reported quarter. Columbus Circle Investors who had been investing in Applied Matls Inc for a number of months, seems to be less bullish one the $61.77B market cap company. The stock increased 0.50% or $0.29 during the last trading session, reaching $58.79. About 3.46M shares traded. Applied Materials, Inc. (NASDAQ:AMAT) has risen 121.40% since March 20, 2017 and is uptrending. It has outperformed by 104.70% the S&P500.

Columbus Circle Investors, which manages about $17.54 billion and $5.87 billion US Long portfolio, upped its stake in Trimble Inc (NASDAQ:TRMB) by 144,022 shares to 916,688 shares, valued at $35.98 million in 2017Q3, according to the filing. It also increased its holding in Merck & Co Inc (NYSE:MRK) by 701,214 shares in the quarter, for a total of 771,214 shares, and has risen its stake in Alexion Pharmaceuticals Inc (NASDAQ:ALXN).

Analysts await Applied Materials, Inc. (NASDAQ:AMAT) to report earnings on May, 17. They expect $1.13 EPS, up 43.04 % or $0.34 from last year’s $0.79 per share. AMAT’s profit will be $1.19 billion for 13.01 P/E if the $1.13 EPS becomes a reality. After $1.06 actual EPS reported by Applied Materials, Inc. for the previous quarter, Wall Street now forecasts 6.60 % EPS growth.

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. $55.08’s average target is -6.31% below currents $58.79 stock price. Applied Materials Inc. had 117 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Buy” rating by Stifel Nicolaus given on Friday, August 18. The company was maintained on Friday, November 17 by RBC Capital Markets. Deutsche Bank maintained Applied Materials, Inc. (NASDAQ:AMAT) on Friday, November 17 with “Buy” rating. The rating was maintained by B. Riley & Co on Monday, August 14 with “Buy”. UBS upgraded Applied Materials, Inc. (NASDAQ:AMAT) on Thursday, April 14 to “Buy” rating. Credit Suisse maintained the shares of AMAT in report on Tuesday, August 9 with “Outperform” rating. The stock has “Conviction Buy” rating by Goldman Sachs on Wednesday, February 3. The stock of Applied Materials, Inc. (NASDAQ:AMAT) has “Buy” rating given on Friday, August 19 by Citigroup. The stock has “Buy” rating by Craig Hallum on Thursday, September 28. The firm earned “Neutral” rating on Friday, October 23 by Citigroup.

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