Chase Investment Counsel Lowered Applied Matls (AMAT) Holding By $864,188; Aip Multi-strategy Fund P (MSF) Has 1.2 Sentiment

February 15, 2018 - By wolcottdaily

Chase Investment Counsel Corp decreased Applied Matls Inc (AMAT) stake by 18.81% reported in 2017Q3 SEC filing. Chase Investment Counsel Corp sold 16,619 shares as Applied Matls Inc (AMAT)’s stock rose 23.58%. The Chase Investment Counsel Corp holds 71,748 shares with $3.74M value, down from 88,367 last quarter. Applied Matls Inc now has $54.79B valuation. The stock increased 0.25% or $0.13 during the last trading session, reaching $52.09. About 13.90 million shares traded or 4.76% 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.

The stock increased 1.12% or $0.21 during the last trading session, reaching $18.96. About 8,202 shares traded. Morgan Stanley Emerging Markets Fund, Inc. (MSF) has risen 26.86% since February 15, 2017 and is uptrending. It has outperformed by 10.16% the S&P500.

Since August 23, 2017, it had 0 insider purchases, and 5 insider sales for $12.03 million activity. Shares for $2.83 million were sold by Nalamasu Omkaram. Shares for $6.44 million were sold by Salehpour Ali. $214,680 worth of stock was sold by Forrest Stephen R on Wednesday, January 3. Larkins Thomas F sold $1.54M worth of Applied Materials, Inc. (NASDAQ:AMAT) on Thursday, October 5. Karsner Alexander sold $1.00 million worth of Applied Materials, Inc. (NASDAQ:AMAT) on Wednesday, August 23.

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. On Thursday, December 10 the stock rating was downgraded by Credit Agricole to “Outperform”. As per Thursday, September 28, the company rating was maintained by B. Riley & Co. The firm has “Outperform” rating by Credit Suisse given on Friday, August 18. Citigroup maintained it with “Buy” rating and $31 target in Friday, August 12 report. BNP Paribas upgraded Applied Materials, Inc. (NASDAQ:AMAT) on Thursday, March 31 to “Outperform” rating. The stock has “Outperform” rating by Credit Suisse on Tuesday, August 9. Citigroup maintained it with “Buy” rating and $70 target in Monday, November 20 report. The company was upgraded on Friday, February 19 by Needham. The stock has “Buy” rating by Craig Hallum on Friday, August 18. The company was maintained on Monday, February 13 by Stifel Nicolaus.

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. First Republic Invest Mngmt reported 0.02% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT). Guardian Capital Limited Partnership reported 8,951 shares stake. Cetera Advisors Ltd Company reported 7,188 shares. Grandfield Dodd Ltd Limited Liability Company has 317,460 shares for 1.86% of their portfolio. State Board Of Administration Of Florida Retirement Sys holds 0.24% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT) for 1.67M shares. Westfield Management Communication Limited Partnership accumulated 1.66M shares or 0.66% of the stock. Trustco State Bank Corp N Y stated it has 55,903 shares or 2.82% of all its holdings. Moreover, Marble Arch Invs Limited Partnership has 7.29% invested in Applied Materials, Inc. (NASDAQ:AMAT) for 2.11M shares. Jnba Advsrs stated it has 0.29% in Applied Materials, Inc. (NASDAQ:AMAT). Intersect Cap Limited Liability reported 0.16% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT). Moreover, James Inv has 0.07% invested in Applied Materials, Inc. (NASDAQ:AMAT) for 40,770 shares. Horseman Cap Mgmt stated it has 40,000 shares. Ahl Llp holds 0.13% or 138,377 shares in its portfolio. Cypress Cap Grp holds 0.08% or 7,008 shares. Atlas Browninc reported 6,965 shares.

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 $1.02 billion for 13.43 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.

City Of London Investment Management Co Ltd holds 4.44% of its portfolio in Morgan Stanley Emerging Markets Fund, Inc. for 3.53 million shares. 1607 Capital Partners Llc owns 657,646 shares or 0.65% of their US portfolio. Moreover, Camarda Financial Advisors Llc has 0.5% invested in the company for 26,624 shares. The Pennsylvania-based Blue Bell Private Wealth Management Llc has invested 0.18% in the stock. Cornerstone Advisors Inc, a Alabama-based fund reported 80,234 shares.

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