Applied Matls INC (AMAT) Shareholder Columbus Circle Investors Has Cut Holding by $34.87 Million as Market Valuation Rose

March 20, 2018 - By Michael Collier

Investors sentiment increased to 1.06 in Q3 2017. 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. C M Bidwell Associate Ltd reported 16,470 shares. Associated Banc stated it has 6,921 shares or 0.02% of all its holdings. Argent Cap Mngmt Lc reported 16,810 shares. 20,303 were accumulated by Gilder Gagnon Howe And Co Lc. Ing Groep Nv holds 769,300 shares. Alpha Windward Llc owns 5,936 shares for 0.19% of their portfolio. Massachusetts Fincl Ma stated it has 1.30 million shares or 0.03% of all its holdings. Bartlett Limited Liability Company stated it has 903 shares. State Common Retirement Fund holds 0.23% or 3.39M shares. Utah Retirement stated it has 0.23% in Applied Materials, Inc. (NASDAQ:AMAT). Aperio Grp Limited Liability reported 539,785 shares. Gargoyle Advisor Ltd Limited Liability Company holds 0.87% or 45,700 shares. Thornburg Inv Mngmt Inc has invested 0.08% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT). Telemus Cap Ltd Limited Liability Company holds 0.1% or 12,162 shares in its portfolio. 11,600 are held by Fukoku Mutual Life Ins.

Since October 5, 2017, it had 0 insider buys, and 5 sales for $11.95 million activity. 53,466 Applied Materials, Inc. (NASDAQ:AMAT) shares with value of $2.83M were sold by Nalamasu Omkaram. Larkins Thomas F sold $1.54 million worth of stock. Forrest Stephen R sold $214,680 worth of stock. On Thursday, March 8 Iannotti Thomas J sold $922,050 worth of Applied Materials, Inc. (NASDAQ:AMAT) or 15,000 shares.

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 3.46 million 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 $17.54B and $5.87B US Long portfolio, upped its stake in Aerie Pharmaceuticals Inc (NASDAQ:AERI) by 151,133 shares to 519,806 shares, valued at $25.26M in 2017Q3, according to the filing. It also increased its holding in Ii Vi Inc (NASDAQ:IIVI) by 118,150 shares in the quarter, for a total of 127,323 shares, and has risen its stake in Wabco Hldgs Inc (NYSE:WBC).

Analysts await Applied Materials, Inc. (NASDAQ:AMAT) to report earnings on May, 17. They expect $1.13 earnings per share, 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 earnings per share 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. RBC Capital Markets maintained Applied Materials, Inc. (NASDAQ:AMAT) rating on Friday, August 14. RBC Capital Markets has “Sector Perform” rating and $16 target. On Tuesday, August 11 the stock rating was downgraded by Summit Research to “Buy”. As per Friday, May 20, the company rating was maintained by RBC Capital Markets. The rating was maintained by Stifel Nicolaus with “Buy” on Monday, August 15. The firm has “Buy” rating by Craig Hallum given on Thursday, September 28. The company was upgraded on Tuesday, June 28 by Susquehanna. The stock of Applied Materials, Inc. (NASDAQ:AMAT) earned “Outperform” rating by BNP Paribas on Thursday, March 31. The stock has “Buy” rating by Credit Agricole on Tuesday, January 19. The rating was upgraded by CLSA on Tuesday, January 19 to “Buy”. KeyBanc Capital Markets maintained Applied Materials, Inc. (NASDAQ:AMAT) on Friday, November 17 with “Overweight” rating.

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