Stifel Nicolaus set a $63.00 target price on Applied Materials (NASDAQ:AMAT) in a research report released on Tuesday morning. The firm currently has a buy rating on the manufacturing equipment provider’s stock.
Several other analysts also recently issued reports on the company. Needham & Company LLC restated a buy rating on shares of Applied Materials in a report on Sunday, January 6th. ValuEngine raised Applied Materials from a sell rating to a hold rating in a research note on Wednesday, January 2nd. Zacks Investment Research raised Applied Materials from a sell rating to a hold rating in a research note on Monday, December 17th. Cowen lowered their target price on Applied Materials from $62.00 to $47.00 and set an outperform rating on the stock in a research note on Tuesday, November 20th. Finally, Imperial Capital lowered their target price on Applied Materials from $62.00 to $47.00 and set an outperform rating on the stock in a research note on Tuesday, November 20th. Twelve investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $51.09.
NASDAQ AMAT opened at $34.76 on Tuesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.73 and a current ratio of 2.64. The stock has a market cap of $32.88 billion, a price-to-earnings ratio of 7.81, a P/E/G ratio of 1.15 and a beta of 1.62. Applied Materials has a 1 year low of $28.79 and a 1 year high of $62.40.
Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings data on Thursday, November 15th. The manufacturing equipment provider reported $0.97 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.97. The firm had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4 billion. Applied Materials had a return on equity of 62.56% and a net margin of 19.20%. On average, sell-side analysts expect that Applied Materials will post 3.46 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 14th. Investors of record on Thursday, February 21st will be paid a $0.20 dividend. The ex-dividend date is Wednesday, February 20th. This represents a $0.80 annualized dividend and a dividend yield of 2.30%. Applied Materials’s payout ratio is 17.98%.
Several hedge funds and other institutional investors have recently made changes to their positions in AMAT. Capital World Investors grew its stake in shares of Applied Materials by 154.9% in the 3rd quarter. Capital World Investors now owns 18,320,095 shares of the manufacturing equipment provider’s stock valued at $708,072,000 after buying an additional 11,133,180 shares in the last quarter. Capital International Investors bought a new stake in shares of Applied Materials in the 3rd quarter valued at approximately $338,188,000. FMR LLC grew its stake in shares of Applied Materials by 85.2% in the 3rd quarter. FMR LLC now owns 14,705,625 shares of the manufacturing equipment provider’s stock valued at $568,373,000 after buying an additional 6,766,709 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Applied Materials by 47.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 20,336,220 shares of the manufacturing equipment provider’s stock valued at $785,997,000 after buying an additional 6,531,516 shares in the last quarter. Finally, Global Thematic Partners LLC bought a new stake in shares of Applied Materials in the 3rd quarter valued at approximately $105,571,000. 78.14% of the stock is owned by institutional investors and hedge funds.
About Applied Materials
Applied Materials, Inc provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits.
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