Grassi Investment Management Trimmed Its Applied Materials (AMAT) Stake; Legg Mason BW Global Income Opportunities Fund Has 2.1 Sentiment

Grassi Investment Management decreased Applied Materials (AMAT) stake by 3.03% reported in 2017Q3 SEC filing. Grassi Investment Management sold 9,358 shares as Applied Materials (AMAT)’s stock rose 23.58%. The Grassi Investment Management holds 299,927 shares with $15.62M value, down from 309,285 last quarter. Applied Materials now has $60.63 billion valuation. The stock increased 0.10% or $0.06 during the last trading session, reaching $57.4. About 17.68 million shares traded or 55.26% up from the average. Applied Materials, Inc. (NASDAQ:AMAT) has risen 121.40% since January 19, 2017 and is uptrending. It has outperformed by 104.70% the S&P500.

The stock increased 0.50% or $0.07 during the last trading session, reaching $13.37. About 108,617 shares traded or 35.76% up from the average. Legg Mason BW Global Income Opportunities Fund Inc. (BWG) has risen 6.52% since January 19, 2017 and is uptrending. It has underperformed by 10.18% the S&P500.

Rivernorth Capital Management Llc holds 2.08% of its portfolio in Legg Mason BW Global Income Opportunities Fund Inc. for 1.89 million shares. Saba Capital Management L.P. owns 853,401 shares or 1.16% of their US portfolio. Moreover, Financial & Investment Management Group Ltd has 1.02% invested in the company for 230,062 shares. The Virginia-based 1607 Capital Partners Llc has invested 0.38% in the stock. Cornerstone Advisors Inc, a Alabama-based fund reported 225,090 shares.

Since August 23, 2017, it had 0 insider purchases, and 5 sales for $12.03 million activity. The insider Nalamasu Omkaram sold 53,466 shares worth $2.83M. The insider Salehpour Ali sold 125,125 shares worth $6.44M. Shares for $1.54 million were sold by Larkins Thomas F. $1.00M worth of Applied Materials, Inc. (NASDAQ:AMAT) shares were sold by Karsner Alexander. Forrest Stephen R had sold 4,000 shares worth $214,680.

Among 28 analysts covering Applied Materials Inc. (NASDAQ:AMAT), 28 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Applied Materials Inc. had 109 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was maintained by Deutsche Bank on Friday, August 18 with “Buy”. As per Monday, June 27, the company rating was upgraded by DA Davidson. The company was maintained on Friday, July 7 by Morgan Stanley. The stock of Applied Materials, Inc. (NASDAQ:AMAT) has “Sell” rating given on Thursday, August 13 by Zacks. Nomura maintained the shares of AMAT in report on Friday, September 29 with “Buy” rating. The firm has “Buy” rating by Credit Agricole given on Tuesday, January 19. RBC Capital Markets maintained the stock with “Hold” rating in Monday, July 24 report. RBC Capital Markets maintained the shares of AMAT in report on Friday, November 17 with “Buy” rating. Craig Hallum maintained the stock with “Buy” rating in Friday, August 18 report. KeyBanc Capital Markets maintained Applied Materials, Inc. (NASDAQ:AMAT) rating on Wednesday, September 27. KeyBanc Capital Markets has “Buy” rating and $59.0 target.