Noesis Capital Mangement Cut Its Stake in General Electric Co (GE) by $308,712; As Applied Matls Com (AMAT) Market Value Rose, Boston Common Asset Management Raised by $4.23 Million Its Holding

February 23, 2018 - By Adrian Erickson

Boston Common Asset Management Llc increased its stake in Applied Matls Inc Com (AMAT) by 142.47% based on its latest 2017Q3 regulatory filing with the SEC. Boston Common Asset Management Llc bought 81,265 shares as the company’s stock rose 23.58% with the market. The institutional investor held 138,305 shares of the technology company at the end of 2017Q3, valued at $7.20M, up from 57,040 at the end of the previous reported quarter. Boston Common Asset Management Llc who had been investing in Applied Matls Inc Com for a number of months, seems to be bullish on the $59.43B market cap company. The stock increased 0.77% or $0.43 during the last trading session, reaching $56.5. About 3.43 million shares traded. Applied Materials, Inc. (NASDAQ:AMAT) has risen 121.40% since February 23, 2017 and is uptrending. It has outperformed by 104.70% the S&P500.

Noesis Capital Mangement Corp decreased its stake in General Electric Co (GE) by 19.47% based on its latest 2017Q3 regulatory filing with the SEC. Noesis Capital Mangement Corp sold 12,863 shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 53,195 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $1.29 million, down from 66,058 at the end of the previous reported quarter. Noesis Capital Mangement Corp who had been investing in General Electric Co for a number of months, seems to be less bullish one the $126.44B market cap company. The stock increased 0.55% or $0.08 during the last trading session, reaching $14.58. About 11.38 million shares traded. General Electric Company (NYSE:GE) has declined 4.46% since February 23, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

Since January 26, 2018, it had 1 insider buy, and 0 sales for $43,446 activity.

Analysts await General Electric Company (NYSE:GE) to report earnings on April, 20. They expect $0.12 EPS, down 42.86% or $0.09 from last year’s $0.21 per share. GE’s profit will be $1.04B for 30.38 P/E if the $0.12 EPS becomes a reality. After $0.27 actual EPS reported by General Electric Company for the previous quarter, Wall Street now forecasts -55.56% negative EPS growth.

Investors sentiment decreased to 0.69 in Q3 2017. Its down 0.10, from 0.79 in 2017Q2. It dived, as 112 investors sold GE shares while 818 reduced holdings. 118 funds opened positions while 525 raised stakes. 4.70 billion shares or 1.82% more from 4.61 billion shares in 2017Q2 were reported. Godshalk Welsh Mgmt reported 1.33% of its portfolio in General Electric Company (NYSE:GE). Campbell Newman Asset Mngmt owns 0.43% invested in General Electric Company (NYSE:GE) for 99,884 shares. Sterneck Capital Mgmt Ltd Co holds 1.93% or 138,941 shares. Sun Life Financial owns 77,482 shares. 46,058 were reported by Fenimore Asset Mgmt Incorporated. Missouri-based Duncker Streett And Incorporated has invested 1.11% in General Electric Company (NYSE:GE). Adage Capital Prns Gru holds 8.02 million shares. Reilly Advsrs Limited Co stated it has 27,415 shares or 0.1% of all its holdings. Ssi Investment Management owns 27,715 shares. Price T Rowe Assocs Inc Md, a Maryland-based fund reported 59.06M shares. Regentatlantic Capital Limited Liability Company owns 0.33% invested in General Electric Company (NYSE:GE) for 158,104 shares. Roof Eidam Maycock Adv holds 35,893 shares. Barr E S & has invested 0.03% in General Electric Company (NYSE:GE). Middleton & Ma has 107,905 shares for 0.47% of their portfolio. Tirschwell & Loewy Inc owns 122,155 shares.

Among 28 analysts covering General Electric Company (NYSE:GE), 8 have Buy rating, 5 Sell and 15 Hold. Therefore 29% are positive. General Electric Company had 91 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by UBS with “Buy” on Friday, October 14. Langenberg upgraded General Electric Company (NYSE:GE) rating on Monday, November 13. Langenberg has “Buy” rating and $25 target. Oppenheimer maintained the shares of GE in report on Monday, July 24 with “Hold” rating. S&P Research maintained the stock with “Buy” rating in Monday, August 17 report. As per Wednesday, January 24, the company rating was maintained by CFRA. The stock of General Electric Company (NYSE:GE) has “Equal-Weight” rating given on Monday, July 17 by Morgan Stanley. The stock of General Electric Company (NYSE:GE) earned “Hold” rating by Cowen & Co on Monday, July 17. RBC Capital Markets maintained it with “Buy” rating and $3500 target in Monday, July 10 report. The rating was downgraded by Morgan Stanley on Monday, October 23 to “Underweight”. The firm has “Neutral” rating given on Monday, October 23 by UBS.

Since October 5, 2017, it had 0 insider purchases, and 4 selling transactions for $11.03 million activity. 4,000 shares were sold by Forrest Stephen R, worth $214,680. The insider Nalamasu Omkaram sold 53,466 shares worth $2.83 million. 30,000 shares were sold by Larkins Thomas F, worth $1.54M.

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 116 analyst reports since August 4, 2015 according to SRatingsIntel. As per Friday, September 29, the company rating was maintained by Nomura. The rating was upgraded by UBS to “Buy” on Thursday, April 14. Pacific Crest maintained it with “Overweight” rating and $23 target in Thursday, March 10 report. The stock of Applied Materials, Inc. (NASDAQ:AMAT) has “Buy” rating given on Friday, September 25 by Credit Agricole. The stock of Applied Materials, Inc. (NASDAQ:AMAT) earned “Buy” rating by RBC Capital Markets on Friday, November 17. On Monday, July 10 the stock rating was maintained by DA Davidson with “Buy”. As per Monday, October 26, the company rating was upgraded by Nomura. The firm has “Buy” rating given on Thursday, September 28 by Craig Hallum. The firm earned “Outperform” rating on Thursday, December 10 by Credit Agricole. As per Friday, August 18, the company rating was maintained by Credit Suisse.

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