Seatown Holdings Stake in Applied Matls INC (AMAT) Has Lowered by $14.56 Million as Share Value Rose

February 25, 2018 - By Jan Rainey

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. Nationwide Fund Advsr stated it has 0.32% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT). Ardevora Asset Mngmt Llp, United Kingdom-based fund reported 643,400 shares. Moreover, Oakbrook Investments Ltd Llc has 0.26% invested in Applied Materials, Inc. (NASDAQ:AMAT) for 78,350 shares. Scotia Cap holds 12,513 shares or 0.01% of its portfolio. Egerton Capital (Uk) Ltd Liability Partnership stated it has 7.88% in Applied Materials, Inc. (NASDAQ:AMAT). First Interstate Bank & Trust stated it has 2,614 shares or 0.03% of all its holdings. Qs Investors Limited Company, a New York-based fund reported 227,574 shares. Lombard Odier Asset (Switzerland) Sa holds 0.12% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT) for 23,783 shares. Boston Private Wealth Ltd Company has invested 0.03% in Applied Materials, Inc. (NASDAQ:AMAT). Louisiana State Employees Retirement reported 66,600 shares. Commonwealth Equity holds 0.06% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT) for 176,109 shares. Bessemer Inc stated it has 0% in Applied Materials, Inc. (NASDAQ:AMAT). Tru Of Virginia Va invested in 4,000 shares. Fcg Advsr has 0.1% invested in Applied Materials, Inc. (NASDAQ:AMAT) for 5,280 shares. Teacher Retirement Of Texas holds 601,497 shares or 0.19% of its portfolio.

Since October 5, 2017, it had 0 buys, and 4 insider sales for $11.03 million activity. Another trade for 4,000 shares valued at $214,680 was sold by Forrest Stephen R. 30,000 shares were sold by Larkins Thomas F, worth $1.54 million. $6.44M worth of Applied Materials, Inc. (NASDAQ:AMAT) was sold by Salehpour Ali.

Seatown Holdings decreased its stake in Applied Matls Inc (AMAT) by 23.96% based on its latest 2017Q3 regulatory filing with the SEC. Seatown Holdings sold 280,000 shares as the company’s stock rose 23.58% with the market. The institutional investor held 888,500 shares of the technology company at the end of 2017Q3, valued at $46.28M, down from 1.17 million at the end of the previous reported quarter. Seatown Holdings who had been investing in Applied Matls Inc for a number of months, seems to be less bullish one the $59.96 billion market cap company. The stock increased 1.68% or $0.94 during the last trading session, reaching $57.01. About 13.53 million shares traded. Applied Materials, Inc. (NASDAQ:AMAT) has risen 121.40% since February 25, 2017 and is uptrending. It has outperformed by 104.70% the S&P500.

Seatown Holdings, which manages about $1.38 billion US Long portfolio, upped its stake in Visa Inc (NYSE:V) by 220,000 shares to 480,000 shares, valued at $50.52 million in 2017Q3, according to the filing. It also increased its holding in Citigroup Inc (NYSE:C) by 239,226 shares in the quarter, for a total of 393,226 shares, and has risen its stake in Lam Research Corp (NASDAQ:LRCX).

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 $1.19B for 12.61 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.

More notable recent Applied Materials, Inc. (NASDAQ:AMAT) news were published by: Benzinga.com which released: “Vetr Crowd Upgrades Applied Materials” on January 31, 2018, also Globenewswire.com with their article: “Applied Materials Named One of the World’s Most Ethical Companies for 2018” published on February 12, 2018, Globenewswire.com published: “Applied Materials to Hold Q1 FY2018 Earnings Webcast on February 14, 2018 at 4 …” on February 02, 2018. More interesting news about Applied Materials, Inc. (NASDAQ:AMAT) were released by: Investorplace.com and their article: “Applied Materials, Inc. Stock Is a Screaming Buy Right Now!” published on February 16, 2018 as well as Reuters.com‘s news article titled: “Applied Materials first-quarter results, current-quarter forecast beat on chip …” with publication date: February 14, 2018.

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. had 116 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Buy” rating by Argus Research given on Monday, August 17. As per Tuesday, August 9, the company rating was maintained by Credit Suisse. As per Monday, February 13, the company rating was maintained by Cowen & Co. As per Friday, August 18, the company rating was maintained by Nomura. The stock has “Outperform” rating by CLSA on Thursday, December 10. The stock of Applied Materials, Inc. (NASDAQ:AMAT) earned “Buy” rating by Deutsche Bank on Thursday, February 15. On Friday, November 17 the stock rating was maintained by KeyBanc Capital Markets with “Overweight”. The company was upgraded on Tuesday, January 16 by Susquehanna. The firm earned “Buy” rating on Wednesday, November 15 by Bank of America. The firm has “Outperform” rating given on Thursday, December 10 by Credit Agricole.

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