Applied Matls INC (AMAT) Holder Clarivest Asset Management LLC Has Upped Position by $6.68 Million as Stock Price Rose

April 22, 2018 - By Darrin Black

Applied Materials, Inc. (NASDAQ:AMAT) LogoInvestors sentiment decreased to 0.86 in 2017 Q4. Its down 0.20, from 1.06 in 2017Q3. It turned negative, as 52 investors sold AMAT shares while 367 reduced holdings. 113 funds opened positions while 249 raised stakes. 797.20 million shares or 1.72% less from 811.15 million shares in 2017Q3 were reported. Adage Capital Prtnrs Group Inc Lc has 0.19% invested in Applied Materials, Inc. (NASDAQ:AMAT). Wellington Management Ltd Liability Partnership holds 0.07% or 6.25M shares in its portfolio. Meiji Yasuda Life Insurance Com holds 12,290 shares or 0.09% of its portfolio. Carret Asset Management Ltd invested in 58,758 shares. Huntington Natl Bank has 297,843 shares. Burney stated it has 0.09% in Applied Materials, Inc. (NASDAQ:AMAT). First Manhattan stated it has 0% in Applied Materials, Inc. (NASDAQ:AMAT). Clarivest Asset Mgmt Limited Liability Co reported 1.46M shares stake. Davis Selected Advisers stated it has 503,225 shares or 0.11% of all its holdings. Dekabank Deutsche Girozentrale owns 262,961 shares. Raymond James & Assocs owns 769,194 shares for 0.07% of their portfolio. Stonebridge Mngmt invested in 0.41% or 21,488 shares. Baystate Wealth Management Limited Liability Company stated it has 0% in Applied Materials, Inc. (NASDAQ:AMAT). First Republic Inv Management invested in 60,736 shares. Intact Inv Mngmt Incorporated holds 0.01% or 6,600 shares.

Since December 29, 2017, it had 0 buys, and 4 selling transactions for $10.41 million activity. Iannotti Thomas J had sold 15,000 shares worth $922,050 on Thursday, March 8. $214,680 worth of stock was sold by Forrest Stephen R on Wednesday, January 3. Nalamasu Omkaram also sold $2.83M worth of Applied Materials, Inc. (NASDAQ:AMAT) on Tuesday, January 2.

Clarivest Asset Management Llc increased its stake in Applied Matls Inc (AMAT) by 9.83% based on its latest 2017Q4 regulatory filing with the SEC. Clarivest Asset Management Llc bought 130,942 shares as the company’s stock rose 6.49% while stock markets declined. The institutional investor held 1.46 million shares of the technology company at the end of 2017Q4, valued at $74.81M, up from 1.33M at the end of the previous reported quarter. Clarivest Asset Management Llc who had been investing in Applied Matls Inc for a number of months, seems to be bullish on the $53.68B market cap company. The stock decreased 0.20% or $0.1 during the last trading session, reaching $51.09. About 14.54M shares traded. Applied Materials, Inc. (NASDAQ:AMAT) has risen 42.67% since April 22, 2017 and is uptrending. It has outperformed by 31.12% the S&P500.

Clarivest Asset Management Llc, which manages about $3.41 billion and $5.82 billion US Long portfolio, decreased its stake in Mgic Invt Corp Wis (NYSE:MTG) by 258,551 shares to 837,649 shares, valued at $11.82 million in 2017Q4, according to the filing. It also reduced its holding in Kulicke & Soffa Inds Inc (NASDAQ:KLIC) by 198,188 shares in the quarter, leaving it with 322,455 shares, and cut its stake in Advanced Energy Inds (NASDAQ:AEIS).

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

Among 15 analysts covering Applied Materials (NASDAQ:AMAT), 14 have Buy rating, 0 Sell and 1 Hold. Therefore 93% are positive. Applied Materials had 24 analyst reports since November 13, 2017 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Buy” rating in Friday, November 17 report. The firm earned “Buy” rating on Tuesday, March 27 by Nomura. The company was maintained on Thursday, February 15 by Stifel Nicolaus. Susquehanna maintained the shares of AMAT in report on Thursday, February 15 with “Buy” rating. The stock of Applied Materials, Inc. (NASDAQ:AMAT) has “Overweight” rating given on Friday, November 17 by KeyBanc Capital Markets. The firm has “Buy” rating by Stifel Nicolaus given on Tuesday, January 30. Bank of America maintained Applied Materials, Inc. (NASDAQ:AMAT) rating on Wednesday, November 15. Bank of America has “Buy” rating and $76 target. The rating was maintained by KeyBanc Capital Markets with “Buy” on Thursday, April 12. The rating was upgraded by Deutsche Bank on Thursday, February 15 to “Buy”. Morgan Stanley maintained Applied Materials, Inc. (NASDAQ:AMAT) rating on Friday, November 17. Morgan Stanley has “Overweight” rating and $61 target.

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

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