Traders Buy Shares of Applied Materials (AMAT) on Weakness

Amalgamated Bank who had been investing in Pepsico Inc. for a number of months, seems to be bullish on the $158.52 billion market cap company. The stock increased 1.46% or $2.84 during the last trading session, reaching $198.01. The company had a trading volume of 15,070,235 shares, compared to its average volume of 15,131,576. Alibaba Group Holding Limited (NYSE:BABA) has risen 57.33% since March 18, 2017 and is uptrending. It has underperformed by 2.87% the S&P500.

Pillar Pacific Capital Management Llc, which manages about $683.62M and $777.04M US Long portfolio, upped its stake in Weibo International (NASDAQ:WB) by 4,195 shares to 83,298 shares, valued at $8.24M in 2017Q3, according to the filing. Verition Fund Management Llc bought 65,048 shares as the company's stock rose 23.58% with the market. The Black Creek Investment Management Inc holds 421,831 shares with $45.10 million value, down from 454,831 last quarter. Institute For Wealth Management Llc who had been investing in Applied Matls Inc for a number of months, seems to be bullish on the $62.45B market cap company. Its up 0.24, from 0.82 in 2017Q2. Shares for $1.54 million were sold by Larkins Thomas F. Applied Materials, Inc. (NASDAQ:AMAT) has risen 121.40% since March 18, 2017 and is uptrending. It has outperformed by 605.35% the S&P500.

Since October 12, 2017, it had 0 insider purchases, and 2 insider sales for $95,990 activity.

Applied Materials declared that its board has approved a stock repurchase program on Wednesday, February 14th that permits the company to buyback $6.00 billion in shares.

In other Applied Materials news, Director Thomas J. Iannotti sold 15,000 shares of the business's stock in a transaction that occurred on Monday, March 12th. (NASDAQ:AMAT) was sold by Forrest Stephen R on Wednesday, January 3. It also increased its holding in Synnex Corp (NYSE:SNX) by 8,800 shares in the quarter, for a total of 27,900 shares, and has risen its stake in Verifone Systems Inc (NYSE:PAY). Applied Optoelectronics Inc now has $522.23 million valuation. Zacks Investment Research lowered Applied Materials from a "buy" rating to a "hold" rating in a report on Tuesday, February 13th. Therefore 100% are positive. Applied Materials Inc. had 117 analyst reports since August 4, 2015 according to SRatingsIntel. Risk Paradigm Group LLC acquired a new stake in Applied Materials during the 4th quarter worth $110,000. The firm earned "Buy" rating on Tuesday, January 19 by Topeka Capital Markets. Stifel Nicolaus maintained Applied Materials, Inc. RBC Capital Markets maintained the shares of AMAT in report on Thursday, June 29 with "Hold" rating. (NASDAQ:AAOI) to report earnings on May, 3. Twenty-six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock of Cabot Oil & Gas Corporation (NYSE:COG) has "Overweight" rating given on Monday, November 20 by Barclays Capital. (NASDAQ:AMAT) has "Buy" rating given on Thursday, October 12 by Deutsche Bank. (NASDAQ:AMAT) on Monday, September 18 with "Buy" rating. The company was maintained on Tuesday, August 9 by Credit Suisse. Its up 0.24, from 0.82 in 2017Q2. It is positive, as 40 investors sold AMAT shares while 325 reduced holdings. The Schafer Cullen Capital Management Inc holds 1.23 million shares with $162.50 million value, down from 1.24 million last quarter. Tiemann Advsr holds 0.28% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT) shares. Another trade for 125,125 shares valued at $6.44 million was sold by Salehpour Ali. The hedge fund run by Alok Agrawal held 146,048 shares of the technology company at the end of 2017Q3, valued at $9.45M, down from 190,230 at the end of the previous reported quarter. The New York-based Int has invested 0% in Applied Optoelectronics, Inc. "(AMAT) Shares Bought by MML Investors Services LLC" was posted by Week Herald and is the property of of Week Herald. (NASDAQ:AMAT). Wells Fargo And Company Mn accumulated 0.07% or 4.44M shares. Also, VP Omkaram Nalamasu sold 53,466 shares of the company's stock in a transaction dated Tuesday, January 2nd. Rmb Capital Mgmt Llc invested in 36,310 shares or 0.07% of the stock. Lakeview Cap Prns Ltd has 0.3% invested in Applied Materials, Inc. (NASDAQ:AMAT) or 136,866 shares.

Among 28 analysts covering Applied Materials Inc. (NASDAQ:AMAT). Sg Americas Securities Llc holds 0.04% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT) for 75.69 million shares. Price T Rowe Assoc Md, Maryland-based fund reported 16.14M shares. Quantbot LP owns 13,027 shares for 0.08% of their portfolio.

Since October 10, 2017, it had 0 insider buys, and 1 insider sale for $2.37 million activity.

Investors sentiment increased to 1.35 in Q3 2017. Its up 0.24, from 0.82 in 2017Q2. It improved, as 56 investors sold C shares while 400 reduced holdings. 106 funds opened positions while 593 raised stakes. Citigroup Inc reported 1.19M shares. The fund owned 32,299 shares of the manufacturing equipment provider's stock after buying an additional 11,085 shares during the period. (NASDAQ:AMAT). Cwm Limited Liability Corporation has 2,242 shares for 0.01% of their portfolio. Following the transaction, the director now directly owns 76,967 shares in the company, valued at $4,731,161.49. Numeric Invsts Ltd Com holds 1.23% or 3.07 million shares in its portfolio. Qci Asset Mgmt New York has 1.74% invested in PepsiCo, Inc. Headinvest Ltd Liability Corp holds 58,226 shares. (NASDAQ:AMAT). Atria Ltd Limited Liability Company holds 15,484 shares. Principal Grp Inc has 160,471 shares for 0.01% of their portfolio. Da Davidson has 0.88% invested in PepsiCo, Inc. Woodward Inc (NASDAQ:WWD) was raised too. It also reduced its holding in Merck & Co Inc (NYSE:MRK) by 64,744 shares in the quarter, leaving it with 6,890 shares, and cut its stake in First Tr Exchange Traded Fd. (NASDAQ:PEP). Stephens Ar owns 145,906 shares or 0.59% of their United States portfolio. PepsiCo had 67 analyst reports since July 21, 2015 according to SRatingsIntel. The company was initiated on Thursday, January 7 by Robert W. Baird. Jefferies downgraded PepsiCo, Inc. (NASDAQ:PEP). 233,945 were accumulated by Scotia. The firm earned "Neutral" rating on Friday, July 31 by JP Morgan. Credit Suisse maintained the shares of PEP in report on Thursday, October 5 with "Neutral" rating. The firm has "Sell" rating given on Wednesday, September 23 by Goldman Sachs.

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