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Applied Materials (AMAT) Got Lower RBC Capital Rating; Platform Specialty Products (PAH) Shorts Up By 2.75%

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Platform Specialty Products Corporation (NYSE:PAH) had an increase of 2.75% in short interest. PAH’s SI was 23.37 million shares in June as released by FINRA. Its up 2.75% from 22.74 million shares previously. With 2.86M avg volume, 8 days are for Platform Specialty Products Corporation (NYSE:PAH)’s short sellers to cover PAH’s short positions. The SI to Platform Specialty Products Corporation’s float is 10.07%. The stock increased 0.26% or $0.03 during the last trading session, reaching $11.57. About 2.88 million shares traded. Platform Specialty Products Corporation (NYSE:PAH) has declined 9.77% since June 16, 2017 and is downtrending. It has underperformed by 22.34% the S&P500. Some Historical PAH News: ; 03/05/2018 – Platform Specialty 1Q Net $37.3M; 03/05/2018 – PLATFORM SPECIALTY REAFFIRMS 2018 ADJUSTED EBITDA GUIDANCE; 03/05/2018 – MARTIN E. FRANKLIN – HAD PREVIOSULY REPORTED 5.1 PCT STAKE IN PLATFORM SPECIALTY PRODUCTS CORP AS OF DECEMBER 18, 2017 – SEC FILING; 27/03/2018 – Platform Specialty at Non-Deal Roadshow Hosted By SunTrust; 03/05/2018 – PLATFORM SPECIALTY 1Q ADJ EPS 21C, EST. 19C; 09/05/2018 – Platform Specialty Products Corporation Announces The Closing Of Its Acquisition Of HiTech Korea Co., Ltd By MacDermid Performance Solutions; 24/04/2018 – Platform Specialty Closes Below 50-Day Moving Average; 03/05/2018 – PLATFORM SPECIALTY 1Q ADJ EBITDA $207M, EST. $196.0M; 20/03/2018 Platform Specialty Access Event Set By SunTrust for Mar. 27; 03/05/2018 – MARTIN E. FRANKLIN REPORTS 9.2 PCT STAKE IN PLATFORM SPECIALTY PRODUCTS CORP AS OF MAY 3, 2018 – SEC FILING

Trading of Applied Materials (NASDAQ:AMAT)‘s shares is going to be interesting today. RBC Capital cut the stock from a “Outperform” to a “Sector Perform”.

Investors sentiment decreased to 1 in 2018 Q1. Its down 0.35, from 1.35 in 2017Q4. It dropped, as 41 investors sold Platform Specialty Products Corporation shares while 48 reduced holdings. 31 funds opened positions while 58 raised stakes. 255.74 million shares or 3.61% more from 246.84 million shares in 2017Q4 were reported. Brown Advisory Inc owns 10,500 shares for 0% of their portfolio. State Street has invested 0% in Platform Specialty Products Corporation (NYSE:PAH). Price T Rowe Assocs Md accumulated 58,527 shares. 418,515 are held by Bain Cap Credit L P. Legal & General Grp Public Ltd accumulated 158,282 shares. Benchmark Advsr stated it has 15,000 shares or 0.11% of all its holdings. Principal Fincl Gp holds 0% or 35,892 shares in its portfolio. Oppenheimer Asset Mgmt has 18,626 shares for 0% of their portfolio. Proshare Advsrs Ltd Limited Liability Company has invested 0% in Platform Specialty Products Corporation (NYSE:PAH). State Of Alaska Department Of Revenue, a Alaska-based fund reported 19,830 shares. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 0% or 15,484 shares. Two Sigma Securities Limited Liability Company has 13,998 shares. First Quadrant Lp Ca accumulated 41,758 shares. Pershing Square Management Limited Partnership reported 40.45M shares or 8.06% of all its holdings. Horizon Kinetics Ltd Liability Corporation invested in 483,163 shares.

Among 10 analysts covering Platform Specialty Products Corporation (NYSE:PAH), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Platform Specialty Products Corporation had 26 analyst reports since August 17, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Monday, November 7 by Nomura. The company was initiated on Monday, August 22 by TH Capital. The firm earned “Buy” rating on Wednesday, March 9 by Bank of America. Nomura maintained it with “Buy” rating and $1400 target in Tuesday, June 13 report. The firm has “Buy” rating by UBS given on Thursday, September 29. Barclays Capital maintained Platform Specialty Products Corporation (NYSE:PAH) rating on Wednesday, October 11. Barclays Capital has “Equal-Weight” rating and $14 target. The stock of Platform Specialty Products Corporation (NYSE:PAH) earned “Equal Weight” rating by Barclays Capital on Wednesday, October 5. The firm earned “Neutral” rating on Thursday, December 3 by Credit Suisse. The rating was initiated by Morgan Stanley with “Equal-Weight” on Monday, January 30. The rating was initiated by Roth Capital with “Buy” on Monday, August 22.

Since December 19, 2017, it had 1 insider buy, and 0 insider sales for $39,640 activity. Casanello Diego Lopez bought $39,640 worth of stock.

More news for Platform Specialty Products Corporation (NYSE:PAH) were recently published by: Globenewswire.com, which released: “Platform Responds to Press Speculation Regarding its Agricultural Solutions Segment” on June 07, 2018. Gurufocus.com‘s article titled: “Bill Ackman’s Picks Looking Up” and published on June 14, 2018 is yet another important article.

Platform Specialty Products Corporation produces and sells specialty chemical products in the Americas, the Asia-Pacific, and Europe. The company has market cap of $3.33 billion. It operates through two divisions, Performance Solutions and Agricultural Solutions. It currently has negative earnings. The Performance Solutions segment offers plating products that are used to plate holes; electroless nickel products, which are applied to various metal and plastic surfaces; electronic assembly materials for use in the electronic market and residential boiler systems; final finishes that are used on printed circuit boards; circuit formation products for surface preparation; oxides, which are used in the fabrication of multilayer circuit boards; semiconductor materials and packaging products; and pre-treatment and cleaning solutions.

More notable recent Applied Materials, Inc. (NASDAQ:AMAT) news were published by: Benzinga.com which released: “Buy The Dip In Applied Materials, Stifel Says After Q2 Print” on May 18, 2018, also Globenewswire.com with their article: “Applied Materials Announces Cash Dividend” published on June 07, 2018, Seekingalpha.com published: “Buy Alibaba – Cramer’s Lightning Round (6/12/18)” on June 13, 2018. More interesting news about Applied Materials, Inc. (NASDAQ:AMAT) were released by: Seekingalpha.com and their article: “Applied Materials Is So Attractive Under $50” published on May 22, 2018 as well as Investorplace.com‘s news article titled: “Applied Materials, Inc. Stock Was Hammered by Earnings, Time to Profit” with publication date: May 21, 2018.

Analysts await Applied Materials, Inc. (NASDAQ:AMAT) to report earnings on August, 16. They expect $1.16 EPS, up 34.88% or $0.30 from last year’s $0.86 per share. AMAT’s profit will be $1.17B for 10.63 P/E if the $1.16 EPS becomes a reality. After $1.22 actual EPS reported by Applied Materials, Inc. for the previous quarter, Wall Street now forecasts -4.92% negative EPS growth.

Among 28 analysts covering Applied Materials Inc. (NASDAQ:AMAT), 24 have Buy rating, 0 Sell and 4 Hold. Therefore 86% are positive. Applied Materials Inc. has $76.0 highest and $12 lowest target. $58.42’s average target is 18.47% above currents $49.31 stock price. Applied Materials Inc. had 125 analyst reports since August 4, 2015 according to SRatingsIntel. The stock has “Buy” rating by Deutsche Bank on Friday, February 19. Morgan Stanley maintained Applied Materials, Inc. (NASDAQ:AMAT) rating on Friday, July 7. Morgan Stanley has “Buy” rating and $5200 target. The stock of Applied Materials, Inc. (NASDAQ:AMAT) has “Outperform” rating given on Monday, February 13 by Cowen & Co. The stock has “Buy” rating by Nomura on Tuesday, March 27. The firm earned “Buy” rating on Thursday, February 15 by Susquehanna. UBS maintained it with “Buy” rating and $5200 target in Tuesday, June 13 report. The firm has “Hold” rating by RBC Capital Markets given on Tuesday, August 1. Goldman Sachs maintained Applied Materials, Inc. (NASDAQ:AMAT) rating on Thursday, June 2. Goldman Sachs has “Buy” rating and $27 target. As per Tuesday, January 16, the company rating was maintained by FBR Capital. The rating was maintained by B. Riley & Co with “Buy” on Thursday, August 11.

The stock decreased 0.76% or $0.38 during the last trading session, reaching $49.31. About 15.79 million shares traded or 10.48% up from the average. Applied Materials, Inc. (NASDAQ:AMAT) has risen 12.95% since June 16, 2017 and is uptrending. It has outperformed by 0.38% the S&P500. Some Historical AMAT News: 17/05/2018 – Applied Materials Predicts Sales Short of Rally’s Expectations; 17/05/2018 – Applied Materials 2Q EPS $1.09; 17/05/2018 – APPLIED MATERIALS CEO SPEAKING ON CONFERENCE CALL; 26/03/2018 – APPLIED MATERIALS INC AMAT.O : INSTINET RAISES TARGET PRICE TO $70 FROM $65; 18/05/2018 – Applied Materials Records Highest COGS in Over 28 Years; 17/05/2018 – Applied Materials 2Q Net $1.13B; 17/05/2018 – APPLIED MATERIALS INC AMAT.O QUARTERLY NON-GAAP SHR $1.22; 26/04/2018 – ADVISORY-Alert on Applied Materials CEO commenting on blockchain technology withdrawn; 15/05/2018 – APPALOOSA ADDED LRCX, WFC, UBS, AMAT, KNX IN 1Q: 13F; 17/05/2018 – APPLIED MATERIALS MAINTAINS ANNUAL WFE TARGETS FOR 2018-19

Since December 29, 2017, it had 0 buys, and 4 insider sales for $10.41 million activity. 125,125 Applied Materials, Inc. (NASDAQ:AMAT) shares with value of $6.44M were sold by Salehpour Ali. On Wednesday, January 3 Forrest Stephen R sold $214,680 worth of Applied Materials, Inc. (NASDAQ:AMAT) or 4,000 shares. 53,466 shares were sold by Nalamasu Omkaram, worth $2.83M. Another trade for 15,000 shares valued at $922,050 was sold by Iannotti Thomas J.

Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, display, and related industries worldwide. The company has market cap of $49.71 billion. It operates through three divisions: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. It has a 16.56 P/E ratio. The Semiconductor Systems segment develops, makes, and sells a range of manufacturing equipment used to fabricate semiconductor chips or integrated circuits.

Platform Specialty Products Corporation (NYSE:PAH) Institutional Positions Chart

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