Applied Materials (AMAT) Market Valuation Rose While Mathes Company Boosted by $317,475 Its Position; Callaway Golf Co (ELY) Holder Northpointe Capital Cut Stake by $952,302

May 21, 2018 - By Kurt Siggers

Applied Materials, Inc. (NASDAQ:AMAT) Logo

Northpointe Capital Llc decreased its stake in Callaway Golf Co (ELY) by 14.62% based on its latest 2017Q4 regulatory filing with the SEC. Northpointe Capital Llc sold 73,254 shares as the company’s stock rose 8.19% while stock markets declined. The institutional investor held 427,662 shares of the recreational products and toys company at the end of 2017Q4, valued at $5.96 million, down from 500,916 at the end of the previous reported quarter. Northpointe Capital Llc who had been investing in Callaway Golf Co for a number of months, seems to be less bullish one the $1.77 billion market cap company. The stock increased 0.87% or $0.16 during the last trading session, reaching $18.57. About 136,990 shares traded. Callaway Golf Company (NYSE:ELY) has risen 47.83% since May 21, 2017 and is uptrending. It has outperformed by 36.28% the S&P500.

Mathes Company Inc increased its stake in Applied Materials Inc. (AMAT) by 20.1% based on its latest 2017Q4 regulatory filing with the SEC. Mathes Company Inc bought 6,225 shares as the company’s stock rose 6.49% while stock markets declined. The institutional investor held 37,200 shares of the technology company at the end of 2017Q4, valued at $1.90 million, up from 30,975 at the end of the previous reported quarter. Mathes Company Inc who had been investing in Applied Materials Inc. for a number of months, seems to be bullish on the $52.20 billion market cap company. The stock increased 0.34% or $0.17 during the last trading session, reaching $49.68. About 9.17M shares traded. Applied Materials, Inc. (NASDAQ:AMAT) has risen 42.67% since May 21, 2017 and is uptrending. It has outperformed by 31.12% the S&P500.

More notable recent Applied Materials, Inc. (NASDAQ:AMAT) news were published by: Seekingalpha.com which released: “Semi capital equipment stocks move on Citi note” on May 14, 2018, also Nasdaq.com with their article: “Mid-Afternoon Market Update: Applied Materials Falls On Weak Sales Forecast; Quotient Shares Spike Higher” published on May 18, 2018, Seekingalpha.com published: “Tracking David Tepper’s Appaloosa Management Portfolio – Q1 2018 Update” on May 21, 2018. More interesting news about Applied Materials, Inc. (NASDAQ:AMAT) were released by: Streetinsider.com and their article: “Futures jump as US-China trade spat put ‘on hold'” published on May 21, 2018 as well as Seekingalpha.com‘s news article titled: “Chip stocks slump on Applied Materials earnings, guidance” with publication date: May 18, 2018.

Since December 29, 2017, it had 0 insider purchases, and 4 insider sales for $10.41 million activity. 15,000 shares were sold by Iannotti Thomas J, worth $922,050. Nalamasu Omkaram sold $2.83 million worth of stock. $214,680 worth of Applied Materials, Inc. (NASDAQ:AMAT) was sold by Forrest Stephen R.

Investors sentiment decreased to 0.86 in 2017 Q4. Its down 0.20, from 1.06 in 2017Q3. It dived, 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. First Dallas Secs Incorporated has 16,750 shares for 0.54% of their portfolio. Praesidium Investment Mngmt Limited Liability Co reported 1.48M shares stake. Exane Derivatives invested in 0.03% or 3,097 shares. Mader Shannon Wealth reported 2.55% in Applied Materials, Inc. (NASDAQ:AMAT). Daiwa Sb Invs Limited invested in 450 shares or 0.01% of the stock. Sg Americas Securities Llc invested in 144,582 shares or 0.07% of the stock. The California-based Tarbox Family Office Inc has invested 0.01% in Applied Materials, Inc. (NASDAQ:AMAT). Moreover, Virtus Invest Advisers has 0.58% invested in Applied Materials, Inc. (NASDAQ:AMAT). Duncker Streett And Co Inc owns 1,500 shares for 0.02% of their portfolio. Alliancebernstein Limited Partnership invested 0.07% in Applied Materials, Inc. (NASDAQ:AMAT). Tdam Usa Inc invested 1% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT). California Public Employees Retirement reported 0.19% in Applied Materials, Inc. (NASDAQ:AMAT). Principal Financial Grp Incorporated Inc accumulated 0.13% or 2.80 million shares. 18,024 were reported by Diligent Invsts Limited Liability Com. Neuberger Berman Grp Limited Co holds 191,090 shares or 0.01% of its portfolio.

Among 28 analysts covering Applied Materials Inc. (NASDAQ:AMAT), 25 have Buy rating, 0 Sell and 3 Hold. Therefore 89% are positive. Applied Materials Inc. had 123 analyst reports since August 4, 2015 according to SRatingsIntel. On Thursday, February 15 the stock rating was maintained by KeyBanc Capital Markets with “Buy”. On Friday, February 19 the stock rating was upgraded by Needham to “Buy”. The firm has “Negative” rating by Susquehanna given on Tuesday, April 19. The firm has “Outperform” rating by Credit Suisse given on Monday, February 26. On Tuesday, January 30 the stock rating was maintained by Stifel Nicolaus with “Buy”. The firm has “Hold” rating given on Monday, July 24 by RBC Capital Markets. Deutsche Bank maintained the shares of AMAT in report on Friday, November 17 with “Buy” rating. The rating was maintained by B. Riley & Co on Monday, August 14 with “Buy”. The firm has “Buy” rating by Citigroup given on Monday, November 20. The rating was upgraded by DA Davidson to “Buy” on Monday, June 27.

Mathes Company Inc, which manages about $240.09M and $218.58M US Long portfolio, decreased its stake in Salesforce.Com Inc (NYSE:CRM) by 17,340 shares to 43,565 shares, valued at $4.45M in 2017Q4, according to the filing. It also reduced its holding in Pfizer Inc (NYSE:PFE) by 11,200 shares in the quarter, leaving it with 21,400 shares, and cut its stake in Intel Corp (NASDAQ:INTC).

More important recent Callaway Golf Company (NYSE:ELY) news were published by: Globenewswire.com which released: “Market Trends Toward New Normal in Church & Dwight Co., Rent-A-Center, Teradata, Catabasis Pharmaceuticals …” on May 09, 2018, also Investorplace.com published article titled: “EPR Properties Is a Unique REIT Paying Out Huge Yields”, Prnewswire.com published: “Callaway Golf To Present At The B. Riley FBR Investor Conference In Santa Monica, California” on May 18, 2018. More interesting news about Callaway Golf Company (NYSE:ELY) was released by: Seekingalpha.com and their article: “Callaway Golf: How Long Will It Rise?” with publication date: April 30, 2018.

Among 17 analysts covering Callaway Golf (NYSE:ELY), 12 have Buy rating, 0 Sell and 5 Hold. Therefore 71% are positive. Callaway Golf had 50 analyst reports since August 23, 2015 according to SRatingsIntel. The stock has “Buy” rating by Suntrust Robinson on Friday, May 13. The rating was maintained by Roth Capital with “Buy” on Tuesday, April 24. The stock of Callaway Golf Company (NYSE:ELY) earned “Hold” rating by Cowen & Co on Monday, October 23. KeyBanc Capital Markets maintained it with “Buy” rating and $17.0 target in Wednesday, January 24 report. The rating was maintained by KeyBanc Capital Markets with “Buy” on Friday, October 20. The stock of Callaway Golf Company (NYSE:ELY) earned “Buy” rating by DA Davidson on Wednesday, December 27. As per Tuesday, May 23, the company rating was maintained by Imperial Capital. The rating was maintained by Roth Capital on Thursday, September 28 with “Buy”. The firm earned “Buy” rating on Thursday, February 8 by FBR Capital. On Tuesday, March 15 the stock rating was initiated by Imperial Capital with “Outperform”.

Analysts await Callaway Golf Company (NYSE:ELY) to report earnings on August, 2. They expect $0.47 EPS, up 38.24% or $0.13 from last year’s $0.34 per share. ELY’s profit will be $44.77M for 9.88 P/E if the $0.47 EPS becomes a reality. After $0.65 actual EPS reported by Callaway Golf Company for the previous quarter, Wall Street now forecasts -27.69% negative EPS growth.

Investors sentiment increased to 1.36 in Q4 2017. Its up 0.17, from 1.19 in 2017Q3. It increased, as 19 investors sold ELY shares while 62 reduced holdings. 34 funds opened positions while 76 raised stakes. 80.37 million shares or 2.05% less from 82.05 million shares in 2017Q3 were reported. 1.08M are owned by Fort Washington Inv Oh. The North Carolina-based Atria Invs has invested 0.01% in Callaway Golf Company (NYSE:ELY). Blackrock accumulated 0.01% or 12.07M shares. First Advsr LP stated it has 0.01% in Callaway Golf Company (NYSE:ELY). Punch And Assocs Mgmt accumulated 1.39% or 1.15M shares. Profit Mngmt Ltd Limited Liability Company holds 147,191 shares or 1.57% of its portfolio. Dupont Capital Corporation stated it has 0.01% of its portfolio in Callaway Golf Company (NYSE:ELY). Copper Rock Prtn Limited Liability Co holds 2.43 million shares or 2.12% of its portfolio. 98,189 were accumulated by Comerica Bancshares. Guggenheim Lc reported 12,516 shares. Tiaa Cref Investment Llc owns 857,829 shares. Gotham Asset Mngmt Limited Company owns 287,777 shares or 0.06% of their US portfolio. Goldman Sachs Incorporated holds 1.36 million shares or 0% of its portfolio. Us Commercial Bank De, Minnesota-based fund reported 193,640 shares. Monarch Prns Asset Management Ltd Liability Com owns 260,540 shares or 0.34% of their US portfolio.

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

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