Applied Matls INC (AMAT) Shareholder Marsico Capital Management LLC Boosted Its Stake

June 14, 2018 - By Stephen Andrade

Applied Materials, Inc. (NASDAQ:AMAT) LogoInvestors sentiment increased to 0.95 in Q1 2018. Its up 0.09, from 0.86 in 2017Q4. It is positive, as 50 investors sold AMAT shares while 356 reduced holdings. 109 funds opened positions while 278 raised stakes. 762.68 million shares or 4.33% less from 797.20 million shares in 2017Q4 were reported. Baker Avenue Asset Mgmt LP owns 291,176 shares. Northeast Invest reported 4,720 shares stake. Sumitomo Life Ins holds 30,641 shares or 0.23% of its portfolio. Adirondack Tru Com has 3,236 shares for 0.11% of their portfolio. Oppenheimer Asset Management owns 68,152 shares for 0.1% of their portfolio. Moreover, Johnson Financial Grp has 0.01% invested in Applied Materials, Inc. (NASDAQ:AMAT) for 1,285 shares. Moreover, Arcadia Mi has 0.03% invested in Applied Materials, Inc. (NASDAQ:AMAT) for 1,625 shares. Amundi Pioneer Asset Mgmt reported 0.08% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT). Pillar Pacific Capital Ltd Liability Corp holds 229,330 shares or 1.52% of its portfolio. Boulegeris has invested 0.41% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT). 101,960 were accumulated by Ontario Teachers Pension Plan Board. Comerica Financial Bank has invested 0.12% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT). Principal Fincl Gp reported 2.75 million shares. Sigma Planning Corp holds 0.04% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT) for 10,308 shares. 170 were accumulated by Sandy Spring National Bank & Trust.

Since December 29, 2017, it had 0 insider buys, and 4 sales for $10.41 million activity. Another trade for 15,000 shares valued at $922,050 was sold by Iannotti Thomas J. Forrest Stephen R had sold 4,000 shares worth $214,680. $6.44 million worth of Applied Materials, Inc. (NASDAQ:AMAT) shares were sold by Salehpour Ali.

Marsico Capital Management Llc increased its stake in Applied Matls Inc (AMAT) by 149.21% based on its latest 2018Q1 regulatory filing with the SEC. Marsico Capital Management Llc bought 1.63 million shares as the company’s stock declined 13.54% with the market. The institutional investor held 2.73 million shares of the technology company at the end of 2018Q1, valued at $151.80M, up from 1.10 million at the end of the previous reported quarter. Marsico Capital Management Llc who had been investing in Applied Matls Inc for a number of months, seems to be bullish on the $50.29B market cap company. The stock decreased 2.15% or $1.095 during the last trading session, reaching $49.885. About 10.32M shares traded. Applied Materials, Inc. (NASDAQ:AMAT) has risen 12.95% since June 14, 2017 and is uptrending. It has outperformed by 0.38% the S&P500.

Marsico Capital Management Llc, which manages about $17.14B and $2.66B US Long portfolio, decreased its stake in Sherwin Williams Co (NYSE:SHW) by 137,401 shares to 145,623 shares, valued at $57.10 million in 2018Q1, according to the filing. It also reduced its holding in Facebook Inc (NASDAQ:FB) by 417,843 shares in the quarter, leaving it with 423,924 shares, and cut its stake in Lockheed Martin Corp (NYSE:LMT).

More notable recent Applied Materials, Inc. (NASDAQ:AMAT) news were published by: 247Wallst.com which released: “Applied Materials Brings Havoc to Semiconductor Capital Equipment Space” on May 18, 2018, also 247Wallst.com with their article: “Top Analyst Upgrades and Downgrades: Applied Materials, Comcast, HUYA, Sprint, Time Warner, Yelp and More” published on June 13, 2018, Seekingalpha.com published: “Buy Alibaba – Cramer’s Lightning Round (6/12/18)” on June 13, 2018. More interesting news about Applied Materials, Inc. (NASDAQ:AMAT) were released by: Investorplace.com and their article: “Applied Materials, Inc. Stock Was Hammered by Earnings, Time to Profit” published on May 21, 2018 as well as Seekingalpha.com‘s news article titled: “Applied Materials Looks Undervalued” with publication date: May 29, 2018.

Applied Materials, Inc. (NASDAQ:AMAT) Ratings Coverage

Among 13 analysts covering Applied Materials (NASDAQ:AMAT), 9 have Buy rating, 0 Sell and 4 Hold. Therefore 69% are positive. Applied Materials had 19 analyst reports since January 8, 2018 according to SRatingsIntel. The stock of Applied Materials, Inc. (NASDAQ:AMAT) earned “Strong Buy” rating by Needham on Monday, January 8. The stock of Applied Materials, Inc. (NASDAQ:AMAT) has “Buy” rating given on Thursday, February 15 by Deutsche Bank. The stock of Applied Materials, Inc. (NASDAQ:AMAT) has “Sector Perform” rating given on Wednesday, June 13 by RBC Capital Markets. Stifel Nicolaus maintained the shares of AMAT in report on Friday, May 18 with “Buy” rating. The rating was maintained by Credit Suisse with “Outperform” on Thursday, February 15. On Monday, February 26 the stock rating was maintained by Credit Suisse with “Outperform”. The stock of Applied Materials, Inc. (NASDAQ:AMAT) has “Buy” rating given on Tuesday, January 30 by Stifel Nicolaus. The stock of Applied Materials, Inc. (NASDAQ:AMAT) has “Buy” rating given on Tuesday, January 16 by FBR Capital. The stock of Applied Materials, Inc. (NASDAQ:AMAT) earned “Buy” rating by Needham on Monday, May 21. The firm has “Hold” rating by Goldman Sachs given on Friday, May 18.

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

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