Economy

Rhumbline Advisers Has $89.85 Million Holdings in Applied Materials, Inc. (AMAT)

Thomas Lenox Kempner decreased its stake in Applied Matls Inc (AMAT) by 16.96% based on its latest 2017Q3 regulatory filing with the SEC. This buyback authorization allows the manufacturing equipment provider to buy shares of its stock through open market purchases. Meag Munich Ergo Kapitalanlagegesellschaft Mbh who had been investing in Applied Matls Inc for a number of months, seems to be less bullish one the $58.19B market cap company. About 18.28M shares traded or 34.83% up from the average. Diageo plc (NYSE:DEO) has risen 12.82% since February 16, 2017 and is uptrending. It has outperformed by 104.70% the S&P500. KeyBanc Capital Markets maintained Applied Materials, Inc. They expect $0.56 EPS, 0.00 % or $0.00 from last year's $0.56 per share. During the same period in the prior year, the company posted $0.67 EPS. equities research analysts predict that Applied Materials will post 4.04 earnings per share for the current year.

Since August 23, 2017, it had 0 insider purchases, and 5 insider sales for $12.03 million activity.

Applied Materials, Inc. (NASDAQ:AMAT) reported its EPS in the last quarter as $1.06/Share beating the analyst estimate of $0.98/Share by a difference of $0.08. The shares were sold at an average price of $58.00, for a total value of $290,000.00. (NASDAQ:AMAT) on Friday, February 19 with "Buy" rating. 22,762 shares were sold by Karsner Alexander, worth $1.00M on Wednesday, August 23.

Investors sentiment increased to 1.06 in 2017 Q3. Its down 0.05, from 0.9 in 2017Q2.

Several institutional investors have recently modified their holdings of AMAT. 123 funds opened positions while 263 raised stakes. Bnp Paribas Arbitrage reported 226,685 shares. This is a positive change from Applied Materials's previous quarterly dividend of $0.10. (NASDAQ:AMAT) to report earnings on February, 21.

WARNING: "Zacks Investment Research Lowers Applied Materials (AMAT) to Hold" was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. (NASDAQ:AMAT) for 135,000 shares. Fincl Bank Of Ny Mellon holds 0% or 98,984 shares in its portfolio. Schwab Charles Management owns 0% invested in Sears Holdings Corporation (NASDAQ:SHLD) for 119,767 shares. (NASDAQ:AMAT) for 6,261 shares. Tudor Investment Et Al reported 13,336 shares or 0% of all its holdings. Baystate Wealth Ltd Co invested 0% in Applied Materials, Inc. (NASDAQ:AMAT) for 65,026 shares. Moreover, Nicholas Inv Ptnrs LP has 0.47% invested in Applied Materials, Inc.

Analysts await Applied Materials, Inc. (NASDAQ:AMAT) for 351,223 shares. 250.53 million shares or 1.86% less from 255.28 million shares in 2017Q2 were reported. Hightower Advisors holds 0.02% or 26,363 shares in its portfolio. (NASDAQ:AMAT). Reliance Trust Of Delaware invested in 0.08% or 10,581 shares.

Appleton Partners Inc, which manages about $6.06B and $593.57 million US Long portfolio, upped its stake in Ishares Tr Min Vol Eafe Etf (EFAV) by 9,072 shares to 101,010 shares, valued at $7.18M in 2017Q3, according to the filing. Exxonmobil Mgmt Tx holds 194,756 shares. Cerebellum GP LLC bought a new position in shares of Applied Materials in the fourth quarter worth about $122,000. Through this figure traders can analyze that AMAT show whether or not a stock now most active and standing in buying side or sell side. Therefore 33% are positive. Financial Gravity Companies Inc. bought a new position in Applied Materials in the 4th quarter worth about $110,000. The firm has "Outperform" rating given on Thursday, December 10 by Credit Agricole.

Applied Materials announced that its Board of Directors has authorized a stock repurchase program on Wednesday, February 14th that allows the company to repurchase $6.00 billion in outstanding shares. Applied Materials, Inc. The firm has a market capitalization of $54,651.68, a PE ratio of 14.27, a P/E/G ratio of 1.02 and a beta of 1.72. The stock has an average rating of Buy and an average target price of $63.84. On Friday, February 19 the stock rating was maintained by B. Riley & Co with "Neutral". The firm has "Sector Perform" rating given on Friday, May 20 by RBC Capital Markets. The company was maintained on Friday, August 14 by Jefferies. Mosaic Family Wealth LLC now owns 2,737 shares of the manufacturing equipment provider's stock worth $142,000 after acquiring an additional 984 shares during the period. Applied Materials is in a great position to grow sustainably and profitably based on its strong pipeline of enabling technologies, supported by expanding opportunities on the semiconductor and display fronts. Carlisle Companies had 27 analyst reports since September 1, 2015 according to SRatingsIntel. The rating was maintained by Craig Hallum with "Buy" on Thursday, September 28. The stock has "Neutral" rating by Goldman Sachs on Wednesday, July 20. On Monday, August 17 the stock rating was maintained by Argus Research with "Buy". The stock has "Buy" rating by Stifel Nicolaus on Friday, August 18. Wells Fargo & Co initiated coverage on shares of Applied Materials in a research report on Tuesday, December 5th.

Investors sentiment decreased to 0.98 in 2017 Q3.

Since August 30, 2017, it had 0 buys, and 1 sale for $589,438 activity. State Board Of Administration Of Florida Retirement Sys owns 26,625 shares. Cambridge Invest invested 0.01% of its portfolio in Masco Corporation (NYSE:MAS). Ubs Asset Americas has invested 0% in Unisys Corporation (NYSE:UIS). Jefferies maintained it with "Hold" rating and $140 target in Wednesday, November 1 report. Macquarie Group Ltd. now owns 1,962,471 shares of the manufacturing equipment provider's stock worth $100,438,000 after buying an additional 1,694,283 shares during the last quarter. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 771 shares or 0% of the stock. Riverpoint Cap holds 0.01% or 4,165 shares. 1,000 were accumulated by Cordasco Financial Network. Gw Henssler And Ltd holds 1.22% or 94,186 shares in its portfolio. 286,503 were accumulated by Tiaa Cref Invest Management. Sentinel Tru Comm Lba owns 45,390 shares.

COPYRIGHT VIOLATION NOTICE: This piece was first published by StockNewsTimes and is owned by of StockNewsTimes. Stock buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

Fny Managed Accounts Llc, which manages about $76.46 million US Long portfolio, decreased its stake in Exxon Mobil Ord (Call) (NYSE:XOM) by 5,956 shares to 44 shares, valued at $3,000 in 2017Q3, according to the filing. It also increased its holding in Corning Inc (NYSE:GLW) by 35,634 shares in the quarter, for a total of 214,019 shares, and has risen its stake in Bristol Myers Squibb Co (NYSE:BMY).

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