13F Action: Applied Matls INC (AMAT) Shareholder Usa Financial Portformulas Corp Has Increased Its Position

13F Action: Applied Matls INC (AMAT) Shareholder Usa Financial Portformulas Corp Has Increased Its Position

Usa Financial Portformulas Corp increased its stake in Applied Matls Inc (AMAT) by 1128.05% based on its latest 2016Q3 regulatory filing with the SEC. Usa Financial Portformulas Corp bought 393,916 shares as the company’s stock rose 26.20% with the market. The institutional investor held 428,836 shares of the technology company at the end of 2016Q3, valued at $12.93M, up from 34,920 at the end of the previous reported quarter. Usa Financial Portformulas Corp who had been investing in Applied Matls Inc for a number of months, seems to be bullish on the $35.90 billion market cap company. The stock is down 0.41% or $0.14 hitting $32.99, despite the positive news. About 2.67M shares traded hands. Applied Materials, Inc. (NASDAQ:AMAT) has risen 37.07% since June 7, 2016 and is uptrending. It has outperformed by 29.65% the S&P500.

Usa Financial Portformulas Corp is a Michigan-based institutional investor with more than $270.85 million AUM in November, 2014. Taken from Usa Financial Portformulas latest Adv, the fund reported to have 35 full and part-time employees. Among which 4 performing investment advisory and research functions. The institutional investor had more than 2700 clients.

Insitutional Activity: The institutional sentiment increased to 1.17 in 2016 Q3. Its up 0.13, from 1.04 in 2016Q2. The ratio improved, as 42 funds sold all AMAT shares owned while 265 reduced positions. 130 funds bought stakes while 228 increased positions. They now own 849.71 million shares or 0.14% more from 848.54 million shares in 2016Q2. Nuveen Asset Ltd Limited Liability Company has 94,450 shares for 0.02% of their US portfolio. Cibc Markets has 20,905 shares for 0.01% of their US portfolio. Moreover, Lombard Odier Asset Mgmt (Europe) has 0.15% invested in Applied Materials, Inc. (NASDAQ:AMAT) for 14,464 shares. Allsquare Wealth Management has 0.01% invested in the company for 199 shares. Moreover, Factory Mutual Insur has 0.36% invested in Applied Materials, Inc. (NASDAQ:AMAT) for 954,000 shares. Capital Corp Va has invested 2.73% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT). Blackrock Grp has 0.14% invested in the company for 8.95 million shares. Bank Of Montreal Can owns 4.65 million shares or 0.15% of their US portfolio. Fmr Llc accumulated 0.11% or 26.37M shares. Louisiana State Employees Retirement Sys accumulated 68,800 shares or 0.11% of the stock. Aviva Public Ltd Company holds 673,350 shares or 0.13% of its portfolio. The New York-based Morgens Waterfall Vintiadis has invested 4.34% in Applied Materials, Inc. (NASDAQ:AMAT). Gideon Capital Advsrs accumulated 0.21% or 11,327 shares. Baker Avenue Asset Management LP last reported 349,254 shares in the company. The Pennsylvania-based Brandywine Global Investment Ltd Liability Co has invested 0.3% in Applied Materials, Inc. (NASDAQ:AMAT).

Insider Transactions: Since August 23, 2016, the stock had 0 insider buys, and 7 insider sales for $14.66 million net activity. DICKERSON GARY E also sold $6.83 million worth of Applied Materials, Inc. (NASDAQ:AMAT) shares. On Tuesday, November 29 Forrest Stephen R sold $152,928 worth of the stock or 4,800 shares. 99,491 shares were sold by Nalamasu Omkaram, worth $3.00 million. Another trade for 100,000 shares valued at $3.19 million was sold by Larkins Thomas F.

More recent Applied Materials, Inc. (NASDAQ:AMAT) news were published by: Finance.Yahoo.com which released: “The Zacks Analyst Blog Highlights: Chemours, Teck Resources, Applied Materials …” on January 10, 2017. Also Finance.Yahoo.com published the news titled: “Zacks.com featured highlights: Applied Materials, Teck Resources, Citizens …” on January 05, 2017. Equitiesfocus.com‘s news article titled: “Applied Materials, Inc. (NASDAQ:AMAT) Dividend Payout At $0.1” with publication date: January 10, 2017 was also an interesting one.

According to Zacks Investment Research, “Applied Materials develops, manufactures, markets and services semiconductor wafer fabrication equipment and related spare parts for the worldwide semiconductor industry. Customers for these products include semiconductor wafer manufacturers and semiconductor integrated circuit manufacturers, who either use the Ics they manufacture in their own products or sell them to other companies. These ICs are the key components in most advanced electronic products such as computers, telecommunications devices, automotive engine management systems and electronic games.”

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

Out of 22 analysts covering Applied Materials Inc. (NASDAQ:AMAT), 19 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 86% are positive. Applied Materials Inc. has been the topic of 66 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, May 20. The company was maintained on Friday, May 27 by Stifel Nicolaus. The stock of Applied Materials, Inc. (NASDAQ:AMAT) has “Buy” rating given on Thursday, August 6 by Piper Jaffray. The stock has “Outperform” rating given by CLSA on Thursday, December 10. As per Thursday, October 8, the company rating was maintained by KeyBanc Capital Markets. BNP Paribas upgraded the stock to “Outperform” rating in Thursday, March 31 report. On Friday, August 19 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. As per Monday, December 19, the company rating was downgraded by Goldman Sachs. The firm has “Outperform” rating by Credit Agricole given on Thursday, December 10. The stock of Applied Materials, Inc. (NASDAQ:AMAT) earned “Neutral” rating by B. Riley & Co on Friday, February 19.

AMAT Company Profile

Applied Materials, Inc. (Applied), incorporated on March 18, 1987, provides manufacturing equipment, services and software to the global semiconductor, display and related industries. The Company’s divisions are Semiconductor Systems; Applied Global Services; Display and Adjacent Markets, and Corporate and Other. The Semiconductor Systems segment includes semiconductor capital equipment for etch, rapid thermal processing, deposition, chemical mechanical planarization, metrology and inspection, wafer packaging and ion implantation. The Company’s Applied Global Services segment provides integrated solutions to optimize equipment and fab performance and productivity, including spares, upgrades, services, certain remanufactured earlier generation equipment and factory automation software for semiconductor, display and solar products. The Display and Adjacent Markets segment includes products for manufacturing liquid crystal displays (LCDs), organic light-emitting diodes (OLEDs), upgrades and roll-to-roll Web coating systems and other display technologies for televisions, personal computers, smart phones and other consumer-oriented devices. The Corporate and Other segment includes revenues from products, as well as costs of products sold for fabricating solar photovoltaic cells and modules, and certain operating expenses.

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