Centre Asset Management Raised Applied Materials (AMAT) Position By $1.39 Million; Axt Has 1.21 Sentiment

AXT, Inc. designs, develops, manufactures, and distributes compound and single element semiconductor substrates. The company has market cap of $354.83 million. The firm makes its semiconductor substrates using its proprietary vertical gradient freeze technology. It has a 37.1 P/E ratio. It offers semi-insulating gallium with arsenic substrates, which are used for applications in power amplifiers for wireless devices, and transistors and solar cells for drones.

Centre Asset Management Llc increased Applied Materials Inc (AMAT) stake by 20% reported in 2017Q3 SEC filing. Centre Asset Management Llc acquired 26,800 shares as Applied Materials Inc (AMAT)’s stock rose 23.58%. The Centre Asset Management Llc holds 160,800 shares with $8.38 million value, up from 134,000 last quarter. Applied Materials Inc 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.

Since August 23, 2017, it had 0 insider purchases, and 5 insider sales for $12.03 million activity. 125,125 shares valued at $6.44M were sold by Salehpour Ali on Friday, December 29. Forrest Stephen R sold 4,000 shares worth $214,680. Nalamasu Omkaram sold 53,466 shares worth $2.83 million. Karsner Alexander had sold 22,762 shares worth $1.00 million. On Thursday, October 5 Larkins Thomas F sold $1.54M worth of Applied Materials, Inc. (NASDAQ:AMAT) or 30,000 shares.

Investors sentiment increased to 1.06 in 2017 Q3. Its up 0.24, from 0.82 in 2017Q2. It is positive, as 40 investors sold AMAT shares while 325 reduced holdings. 123 funds opened positions while 263 raised stakes. 811.15 million shares or 1.86% less from 826.54 million shares in 2017Q2 were reported. Teachers Retirement Of The State Of Kentucky owns 0.48% invested in Applied Materials, Inc. (NASDAQ:AMAT) for 761,917 shares. Everence Capital Mgmt Incorporated has invested 0.29% in Applied Materials, Inc. (NASDAQ:AMAT). Braun Stacey Assocs Inc invested 1.4% in Applied Materials, Inc. (NASDAQ:AMAT). Strategic Ltd Liability Company has 0.76% invested in Applied Materials, Inc. (NASDAQ:AMAT) for 38,008 shares. Hartwell J M Lp holds 0.31% or 30,150 shares in its portfolio. Hartford Management stated it has 29,606 shares or 0.78% of all its holdings. Barrett Asset Management Limited Co has invested 0.02% in Applied Materials, Inc. (NASDAQ:AMAT). Marshall Wace Llp holds 194,172 shares. Sii Investments Wi holds 7,687 shares or 0.02% of its portfolio. Windsor Capital Mgmt Ltd owns 6,822 shares for 0.14% of their portfolio. The Illinois-based Guggenheim Capital Ltd Limited Liability Company has invested 0.39% in Applied Materials, Inc. (NASDAQ:AMAT). California State Teachers Retirement Sys invested in 0.21% or 1.82 million shares. State Of Alaska Department Of Revenue holds 16,830 shares. Jnba Advisors holds 24,660 shares. Moreover, Vantage Inv Ltd Liability Corp has 2.09% invested in Applied Materials, Inc. (NASDAQ:AMAT) for 155,945 shares.

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. has $76.0 highest and $12 lowest target. $52.78’s average target is -8.05% below currents $57.4 stock price. Applied Materials Inc. had 109 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Applied Materials, Inc. (NASDAQ:AMAT) earned “Buy” rating by Piper Jaffray on Thursday, August 6. The firm earned “Buy” rating on Friday, July 7 by Morgan Stanley. The company was maintained on Friday, June 10 by RBC Capital Markets. Cowen & Co maintained the stock with “Outperform” rating in Monday, February 13 report. The rating was upgraded by CLSA on Friday, September 25 to “Buy”. The rating was maintained by Morgan Stanley with “Overweight” on Friday, November 17. The stock of Applied Materials, Inc. (NASDAQ:AMAT) earned “Buy” rating by Stifel Nicolaus on Monday, August 15. The rating was maintained by Credit Suisse with “Outperform” on Friday, August 18. The firm has “Buy” rating by Nomura given on Friday, September 29. As per Friday, November 17, the company rating was maintained by RBC Capital Markets.

Analysts await AXT, Inc. (NASDAQ:AXTI) to report earnings on February, 28. They expect $0.08 earnings per share, up 33.33% or $0.02 from last year’s $0.06 per share. AXTI’s profit will be $3.09M for 28.75 P/E if the $0.08 EPS becomes a reality. After $0.11 actual earnings per share reported by AXT, Inc. for the previous quarter, Wall Street now forecasts -27.27% negative EPS growth.

Ratings analysis reveals 100% of AXT’s analysts are positive. Out of 3 Wall Street analysts rating AXT, 3 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $6.5 while the high is $10.0. The stock’s average target of $8.17 is -11.20% below today’s ($9.2) share price. AXTI was included in 3 notes of analysts from October 27, 2016. As per Tuesday, April 11, the company rating was initiated by BWS Financial. The company was initiated on Monday, February 13 by Dougherty & Company. The rating was maintained by Needham with “Buy” on Thursday, October 27.

Since January 1, 0001, it had 0 insider buys, and 2 selling transactions for $872,082 activity.

Pacific Ridge Capital Partners Llc holds 1.85% of its portfolio in AXT, Inc. for 714,174 shares. Princeton Capital Management Inc owns 265,891 shares or 1.23% of their US portfolio. Moreover, Perritt Capital Management Inc has 1.06% invested in the company for 442,698 shares. The Illinois-based Oberweis Asset Management Inc has invested 0.84% in the stock. Eam Investors Llc, a California-based fund reported 623,639 shares.