Ameriprise Financial INC Upped Its Position in Applied Materials INC (AMAT) as Share Price Rose

Applied Materials, Inc. (NASDAQ:AMAT) LogoInvestors sentiment decreased to 0.79 in Q4 2018. Its down 0.01, from 0.8 in 2018Q3. It dived, as 100 investors sold AMAT shares while 289 reduced holdings. 96 funds opened positions while 212 raised stakes. 717.25 million shares or 0.75% less from 722.69 million shares in 2018Q3 were reported. Victory owns 0.01% invested in Applied Materials, Inc. (NASDAQ:AMAT) for 70,113 shares. Alliancebernstein LP accumulated 1.94 million shares or 0.05% of the stock. 23,233 were reported by Institute For Wealth Mngmt Limited Liability Com. Axa holds 59,627 shares or 0.01% of its portfolio. Personal Capital Advsr Corporation accumulated 8,858 shares or 0% of the stock. Buckingham Mgmt Inc holds 0.63% or 88,027 shares in its portfolio. Ubs Oconnor Llc owns 0% invested in Applied Materials, Inc. (NASDAQ:AMAT) for 227,650 shares. The Ohio-based Johnson Investment Counsel Inc has invested 0.01% in Applied Materials, Inc. (NASDAQ:AMAT). Ashmore Wealth Mngmt Ltd Co owns 1.01 million shares. Mcf Advsr Limited Liability Corp reported 3,692 shares stake. Cetera Advisor Netwr Ltd invested 0.02% in Applied Materials, Inc. (NASDAQ:AMAT). Pictet And Cie (Europe) Sa reported 9,834 shares stake. Nelson Van Denburg And Campbell Wealth Management Group Llc holds 0.14% or 17,400 shares in its portfolio. Cambridge Research Advisors owns 71,307 shares. Amundi Pioneer Asset stated it has 0.08% in Applied Materials, Inc. (NASDAQ:AMAT).

Ameriprise Financial Inc increased its stake in Applied Materials Inc (AMAT) by 26.57% based on its latest 2018Q4 regulatory filing with the SEC. Ameriprise Financial Inc bought 3.99 million shares as the company’s stock rose 5.31% with the market. The institutional investor held 19.03 million shares of the technology company at the end of 2018Q4, valued at $623.38 million, up from 15.03M at the end of the previous reported quarter. Ameriprise Financial Inc who had been investing in Applied Materials Inc for a number of months, seems to be bullish on the $40.37B market cap company. The stock increased 0.84% or $0.36 during the last trading session, reaching $42.53. About 4.35 million shares traded. Applied Materials, Inc. (NASDAQ:AMAT) has declined 31.52% since April 11, 2018 and is downtrending. It has underperformed by 35.89% the S&P500.

Ameriprise Financial Inc, which manages about $199.95 billion US Long portfolio, decreased its stake in Class A by 198,065 shares to 1.08M shares, valued at $82.25M in 2018Q4, according to the filing. It also reduced its holding in Berkshire Hathaway Inc (BRKB) by 25,417 shares in the quarter, leaving it with 6.03 million shares, and cut its stake in Boston Properties Inc (NYSE:BXP).

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More notable recent Applied Materials, Inc. (NASDAQ:AMAT) news were published by: Investorplace.com which released: “3 Big Stock Charts for Monday: Morgan Stanley, Applied Materials and Kimberly Clark – Investorplace.com” on March 18, 2019, also Nasdaq.com with their article: “Noteworthy Thursday Option Activity: VMC, CAT, AMAT – Nasdaq” published on January 24, 2019, Nasdaq.com published: “Friday Sector Leaders: Technology & Communications, Utilities – Nasdaq” on March 15, 2019. More interesting news about Applied Materials, Inc. (NASDAQ:AMAT) were released by: Nasdaq.com and their article: “Applied Materials (AMAT) Dips More Than Broader Markets: What You Should Know – Nasdaq” published on March 27, 2019 as well as Seekingalpha.com‘s news article titled: “Semi names move on NAND forecast – Seeking Alpha” with publication date: March 14, 2019.

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

Among 11 analysts covering Applied Materials (NASDAQ:AMAT), 6 have Buy rating, 0 Sell and 5 Hold. Therefore 55% are positive. Applied Materials had 14 analyst reports since October 23, 2018 according to SRatingsIntel. The company was downgraded on Tuesday, October 23 by Susquehanna. Deutsche Bank maintained the shares of AMAT in report on Friday, November 16 with “Hold” rating. The firm earned “Neutral” rating on Friday, November 16 by FBR Capital. The firm earned “Neutral” rating on Monday, October 29 by FBR Capital. The stock of Applied Materials, Inc. (NASDAQ:AMAT) has “Hold” rating given on Friday, February 15 by Susquehanna. KeyBanc Capital Markets maintained it with “Overweight” rating and $56 target in Friday, November 16 report. The firm has “Outperform” rating by RBC Capital Markets given on Tuesday, January 29. Wells Fargo maintained the shares of AMAT in report on Friday, November 16 with “Outperform” rating. The stock has “Hold” rating by Summit Insights Group on Friday, November 16.

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