Guardian Capital LP Decreased Its Jpmorgan Chase & Co (JPM) Position by $590,632 as Share Value Rose; Baker Avenue Asset Management LP Has Decreased Holding in Applied Matls Com (AMAT) as Market Valuation Rose

April 26, 2018 - By Winifred Garcia

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Baker Avenue Asset Management Lp decreased its stake in Applied Matls Inc Com (AMAT) by 3.6% based on its latest 2017Q4 regulatory filing with the SEC. Baker Avenue Asset Management Lp sold 10,521 shares as the company’s stock rose 6.49% while stock markets declined. The institutional investor held 281,655 shares of the technology company at the end of 2017Q4, valued at $14.40 million, down from 292,176 at the end of the previous reported quarter. Baker Avenue Asset Management Lp who had been investing in Applied Matls Inc Com for a number of months, seems to be less bullish one the $51.63 billion market cap company. The stock increased 0.86% or $0.42 during the last trading session, reaching $49.14. About 13.28 million shares traded. Applied Materials, Inc. (NASDAQ:AMAT) has risen 42.67% since April 26, 2017 and is uptrending. It has outperformed by 31.12% the S&P500.

Guardian Capital Lp decreased its stake in Jpmorgan Chase & Co (JPM) by 2.27% based on its latest 2017Q4 regulatory filing with the SEC. Guardian Capital Lp sold 5,572 shares as the company’s stock rose 0.67% while stock markets declined. The institutional investor held 240,081 shares of the major banks company at the end of 2017Q4, valued at $25.67M, down from 245,653 at the end of the previous reported quarter. Guardian Capital Lp who had been investing in Jpmorgan Chase & Co for a number of months, seems to be less bullish one the $374.44B market cap company. The stock decreased 0.38% or $0.42 during the last trading session, reaching $109.99. About 13.55M shares traded. JPMorgan Chase & Co. (NYSE:JPM) has risen 23.99% since April 26, 2017 and is uptrending. It has outperformed by 12.44% the S&P500.

Analysts await Applied Materials, Inc. (NASDAQ:AMAT) to report earnings on May, 17. They expect $1.13 EPS, up 43.04% or $0.34 from last year’s $0.79 per share. AMAT’s profit will be $1.19 billion for 10.87 P/E if the $1.13 EPS becomes a reality. After $1.06 actual EPS reported by Applied Materials, Inc. for the previous quarter, Wall Street now forecasts 6.60% EPS growth.

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

Among 28 analysts covering Applied Materials Inc. (NASDAQ:AMAT), 27 have Buy rating, 0 Sell and 1 Hold. Therefore 96% are positive. Applied Materials Inc. had 120 analyst reports since August 4, 2015 according to SRatingsIntel. Needham upgraded Applied Materials, Inc. (NASDAQ:AMAT) on Friday, February 19 to “Buy” rating. The firm earned “Neutral” rating on Wednesday, April 6 by DA Davidson. RBC Capital Markets maintained Applied Materials, Inc. (NASDAQ:AMAT) rating on Monday, July 24. RBC Capital Markets has “Hold” rating and $4600 target. The rating was maintained by Stifel Nicolaus on Friday, May 27 with “Buy”. The rating was maintained by RBC Capital Markets on Thursday, February 16 with “Sector Perform”. The stock has “Outperform” rating by Cowen & Co on Monday, February 13. The firm earned “Buy” rating on Thursday, October 19 by Needham. The firm has “Buy” rating by B. Riley & Co given on Friday, May 20. The firm has “Buy” rating by Morgan Stanley given on Friday, July 7. Bank of America maintained the stock with “Buy” rating in Wednesday, November 15 report.

Baker Avenue Asset Management Lp, which manages about $1.13B and $1.04B US Long portfolio, upped its stake in Ishares Russell 2000 Etf (IWM) by 2,747 shares to 80,135 shares, valued at $12.22M in 2017Q4, according to the filing. It also increased its holding in Ishares Nasdaq Biotechnology Index Fund (IBB) by 28,259 shares in the quarter, for a total of 42,154 shares, and has risen its stake in Pfizer Inc Com (NYSE:PFE).

Investors sentiment decreased to 0.86 in Q4 2017. Its down 0.20, from 1.06 in 2017Q3. It worsened, as 52 investors sold AMAT shares while 367 reduced holdings. 113 funds opened positions while 249 raised stakes. 797.20 million shares or 1.72% less from 811.15 million shares in 2017Q3 were reported. Thomas White International owns 8,260 shares. Fukoku Mutual Life Company has 0.09% invested in Applied Materials, Inc. (NASDAQ:AMAT) for 11,600 shares. Ubs Oconnor Lc has 0.01% invested in Applied Materials, Inc. (NASDAQ:AMAT). State Of Wisconsin Invest Board has 0.19% invested in Applied Materials, Inc. (NASDAQ:AMAT) for 1.36 million shares. 382,000 are owned by Alpine Woods Investors Ltd Liability Corporation. Dimensional Fund Advisors Lp reported 2.92M shares. Renaissance Gp Ltd holds 691,743 shares. Lombard Odier Asset Management (Switzerland) owns 74,723 shares. Cullen Frost Bankers has invested 0.02% in Applied Materials, Inc. (NASDAQ:AMAT). Indiana-based Everence Capital Mngmt has invested 0.27% in Applied Materials, Inc. (NASDAQ:AMAT). Whitnell accumulated 0.11% or 5,188 shares. Systematic Fincl Limited Partnership holds 0.06% or 58,345 shares. Checchi Cap Advisers Ltd Company invested 0.06% in Applied Materials, Inc. (NASDAQ:AMAT). Ingalls And Snyder Ltd Liability Corporation owns 51,350 shares for 0.12% of their portfolio. Huntington Commercial Bank invested in 0.24% or 297,843 shares.

Investors sentiment decreased to 0.88 in 2017 Q4. Its down 0.03, from 0.91 in 2017Q3. It fall, as 55 investors sold JPM shares while 802 reduced holdings. 142 funds opened positions while 611 raised stakes. 2.46 billion shares or 1.60% less from 2.50 billion shares in 2017Q3 were reported. Moreover, Signature Fin Mgmt Incorporated has 0.43% invested in JPMorgan Chase & Co. (NYSE:JPM) for 14,792 shares. Moreover, Driehaus Cap Ltd Liability has 0.02% invested in JPMorgan Chase & Co. (NYSE:JPM) for 4,048 shares. Fiduciary Tru Com stated it has 296,574 shares. Commerce Of Toledo Na Oh has 62,407 shares. Odey Asset Mngmt Grp Inc owns 41,940 shares. Suffolk Capital Mgmt Ltd Liability stated it has 74,240 shares. Marvin & Palmer Associate Inc holds 31,695 shares or 3.51% of its portfolio. Vigilant Capital Mngmt Limited Liability Company has invested 0.04% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Holderness Invests reported 12,166 shares. Legal And General Group Inc Public Ltd Liability reported 17.21 million shares or 1.33% of all its holdings. Weaver C Barksdale Assoc Inc reported 0.59% stake. Trellus Management Limited Com accumulated 11,000 shares or 1.6% of the stock. Sadoff Inv Mngmt Ltd Liability Co owns 5,141 shares. Middleton And Com Incorporated Ma holds 2.2% or 122,505 shares. Old Second Commercial Bank Of Aurora invested in 71,017 shares.

Among 34 analysts covering JPMorgan Chase & Co (NYSE:JPM), 18 have Buy rating, 2 Sell and 14 Hold. Therefore 53% are positive. JPMorgan Chase & Co had 119 analyst reports since July 21, 2015 according to SRatingsIntel. On Thursday, April 14 the stock rating was maintained by BMO Capital Markets with “Outperform”. As per Friday, September 9, the company rating was downgraded by Macquarie Research. The stock of JPMorgan Chase & Co. (NYSE:JPM) has “Buy” rating given on Monday, November 13 by RBC Capital Markets. On Wednesday, October 14 the stock rating was maintained by Keefe Bruyette & Woods with “Outperform”. The firm earned “Buy” rating on Wednesday, January 17 by Wells Fargo. The rating was upgraded by Atlantic Securities on Friday, January 15 to “Overweight”. The rating was maintained by Robert W. Baird with “Hold” on Wednesday, November 15. RBC Capital Markets maintained the stock with “Buy” rating in Friday, August 18 report. Credit Suisse maintained it with “Buy” rating and $110.0 target in Monday, October 9 report. The stock has “Hold” rating by BMO Capital Markets on Friday, January 12.

Since January 13, 2018, it had 2 buys, and 8 insider sales for $20.12 million activity. Shares for $3.01M were sold by Scher Peter. On Saturday, January 13 Erdoes Mary E. sold $7.31M worth of JPMorgan Chase & Co. (NYSE:JPM) or 65,101 shares. Friedman Stacey sold $1.99 million worth of stock. Another trade for 7,280 shares valued at $825,327 was made by CROWN JAMES S on Tuesday, January 16. On Saturday, January 13 the insider Lake Marianne sold $1.03M. Shares for $1.84 million were sold by BACON ASHLEY.

Analysts await JPMorgan Chase & Co. (NYSE:JPM) to report earnings on July, 13. They expect $2.22 EPS, up 21.98% or $0.40 from last year’s $1.82 per share. JPM’s profit will be $7.56 billion for 12.39 P/E if the $2.22 EPS becomes a reality. After $2.37 actual EPS reported by JPMorgan Chase & Co. for the previous quarter, Wall Street now forecasts -6.33% negative EPS growth.

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