Energous (WATT) Holder Northern Trust Has Upped Holding; As Applied Materials (AMAT) Share Value Rose, Jag Capital Management Trimmed Its Holding

December 8, 2017 - By Peter Erickson

Jag Capital Management Llc decreased its stake in Applied Materials Inc. (AMAT) by 37.98% based on its latest 2017Q2 regulatory filing with the SEC. Jag Capital Management Llc sold 170,468 shares as the company’s stock rose 23.58% with the market. The institutional investor held 278,342 shares of the technology company at the end of 2017Q2, valued at $11.50M, down from 448,810 at the end of the previous reported quarter. Jag Capital Management Llc who had been investing in Applied Materials Inc. for a number of months, seems to be less bullish one the $55.78B market cap company. The stock increased 2.53% or $1.29 during the last trading session, reaching $52.3. About 14.69M shares traded or 29.66% up from the average. Applied Materials, Inc. (NASDAQ:AMAT) has risen 121.40% since December 8, 2016 and is uptrending. It has outperformed by 104.70% the S&P500.

Northern Trust Corp increased its stake in Energous Corp (WATT) by 27.8% based on its latest 2017Q2 regulatory filing with the SEC. Northern Trust Corp bought 46,799 shares as the company’s stock declined 1.87% while stock markets rallied. The institutional investor held 215,155 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q2, valued at $3.50M, up from 168,356 at the end of the previous reported quarter. Northern Trust Corp who had been investing in Energous Corp for a number of months, seems to be bullish on the $182.82 million market cap company. The stock increased 1.11% or $0.09 during the last trading session, reaching $8.23. About 201,710 shares traded. Energous Corporation (NASDAQ:WATT) has risen 57.63% since December 8, 2016 and is uptrending. It has outperformed by 40.93% the S&P500.

Jag Capital Management Llc, which manages about $1.15B and $500.21M US Long portfolio, upped its stake in Priceline Group Inc New (NASDAQ:PCLN) by 616 shares to 7,440 shares, valued at $13.92 million in 2017Q2, according to the filing. It also increased its holding in Netflix Inc. (NASDAQ:NFLX) by 10,625 shares in the quarter, for a total of 82,645 shares, and has risen its stake in Alphabet Inc Class A.

Investors sentiment decreased to 0.82 in 2017 Q2. Its down 0.33, from 1.15 in 2017Q1. It worsened, as 48 investors sold AMAT shares while 346 reduced holdings. 105 funds opened positions while 219 raised stakes. 826.54 million shares or 0.80% less from 833.19 million shares in 2017Q1 were reported. Quantbot Technologies Limited Partnership has 187,350 shares for 0.73% of their portfolio. Oakworth holds 1,436 shares or 0.02% of its portfolio. Alps Inc has 39,871 shares for 0.01% of their portfolio. Covington Management stated it has 0.05% in Applied Materials, Inc. (NASDAQ:AMAT). Marsico Cap Ltd Liability Corp has 487,883 shares for 0.84% of their portfolio. Advisor Partners Ltd has 29,766 shares for 0.29% of their portfolio. Japan-based Sumitomo Life Insurance has invested 0.18% in Applied Materials, Inc. (NASDAQ:AMAT). Matarin Capital Management Ltd Company has invested 0% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT). Ferguson Wellman Capital Mgmt accumulated 0.02% or 10,948 shares. Trillium Asset Lc reported 0.02% stake. Meritage Portfolio Mgmt has 0.65% invested in Applied Materials, Inc. (NASDAQ:AMAT). Lombard Odier Asset (Europe) Limited has invested 0.03% in Applied Materials, Inc. (NASDAQ:AMAT). Windsor Capital Mgmt Ltd Llc owns 0.14% invested in Applied Materials, Inc. (NASDAQ:AMAT) for 6,822 shares. Winslow Evans & Crocker Inc has 0% invested in Applied Materials, Inc. (NASDAQ:AMAT). has invested 0.08% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT).

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. has $76.0 highest and $12 lowest target. $52.43’s average target is 0.25% above currents $52.3 stock price. Applied Materials Inc. had 106 analyst reports since August 4, 2015 according to SRatingsIntel. The company was maintained on Monday, July 10 by DA Davidson. Needham upgraded it to “Buy” rating and $22 target in Friday, February 19 report. Nomura upgraded the shares of AMAT in report on Monday, October 26 to “Buy” rating. The firm has “Sell” rating given on Thursday, August 13 by Zacks. As per Friday, May 27, the company rating was maintained by Stifel Nicolaus. The firm has “Buy” rating by CLSA given on Tuesday, January 19. The stock of Applied Materials, Inc. (NASDAQ:AMAT) earned “Hold” rating by Nomura on Friday, August 14. The company was maintained on Monday, July 24 by RBC Capital Markets. The company was maintained on Friday, June 10 by RBC Capital Markets. The rating was downgraded by DA Davidson to “Neutral” on Wednesday, April 6.

More notable recent Applied Materials, Inc. (NASDAQ:AMAT) news were published by: Seekingalpha.com which released: “The Applied Materials Super-Cycle Is In Full Swing” on November 22, 2017, also Seekingalpha.com with their article: “Applied Materials: Business Diversity And Strong Growth At A Value Price” published on December 07, 2017, Nasdaq.com published: “Applied Materials Becomes Oversold (AMAT)” on December 04, 2017. More interesting news about Applied Materials, Inc. (NASDAQ:AMAT) were released by: Seekingalpha.com and their article: “Applied Materials Beats, Raises, CEO Gets Bullish” published on November 20, 2017 as well as Benzinga.com‘s news article titled: “Applied Materials Outperforms Despite Volatility, Says Wells Fargo” with publication date: December 06, 2017.

Northern Trust Corp, which manages about $357.62 billion US Long portfolio, decreased its stake in Spdr S&P Midcap 400 Etf Tr (MDY) by 14,979 shares to 1.29 million shares, valued at $408.85M in 2017Q2, according to the filing. It also reduced its holding in Magellan Midstream Prtnrs Lp (NYSE:MMP) by 52,287 shares in the quarter, leaving it with 228,451 shares, and cut its stake in Commerce Bancshares Inc (NASDAQ:CBSH).

Investors sentiment increased to 1.25 in 2017 Q2. Its up 0.14, from 1.11 in 2017Q1. It increased, as 14 investors sold WATT shares while 14 reduced holdings. 10 funds opened positions while 25 raised stakes. 7.88 million shares or 2.20% more from 7.71 million shares in 2017Q1 were reported. Commonwealth Equity Service has 0% invested in Energous Corporation (NASDAQ:WATT) for 14,770 shares. Northern, a Illinois-based fund reported 215,155 shares. Bnp Paribas Arbitrage stated it has 2,101 shares. Moreover, Frontier Mgmt Company has 0.02% invested in Energous Corporation (NASDAQ:WATT) for 14,500 shares. 258,523 were accumulated by State Street Corp. Wfg Advsrs LP has 0% invested in Energous Corporation (NASDAQ:WATT) for 150 shares. California Public Employees Retirement Sys owns 0% invested in Energous Corporation (NASDAQ:WATT) for 24,600 shares. 11,025 were accumulated by Usca Ria Limited Liability Corp. Manufacturers Life The holds 15,728 shares or 0% of its portfolio. Susquehanna Grp Inc Llp, Pennsylvania-based fund reported 236,008 shares. 10 were reported by Glenmede Tru Na. Ameritas Investment Prns has 0% invested in Energous Corporation (NASDAQ:WATT). Nelson Van Denburg Campbell Wealth Mngmt Grp Lc, Nebraska-based fund reported 500 shares. Schwab Charles Mngmt Incorporated owns 35,700 shares. Nationwide Fund Advsrs reported 10,741 shares or 0% of all its holdings.

Since June 14, 2017, it had 0 buys, and 2 insider sales for $40,567 activity. Sereda Brian J sold $14,975 worth of stock or 945 shares.

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