Several other equities research analysts also recently weighed in on AMAT. Wells Fargo & Co reissued an outperform rating on shares of Applied Materials in a research report on Thursday, June 20th. Nomura started coverage on shares of Applied Materials in a research report on Friday, June 7th. They issued a neutral rating and a $40.00 target price for the company. UBS Group boosted their target price on shares of Applied Materials from $45.00 to $49.00 and gave the stock a neutral rating in a research report on Friday, May 17th. Royal Bank of Canada reissued a buy rating and issued a $54.00 target price on shares of Applied Materials in a research report on Wednesday. Finally, Morgan Stanley boosted their target price on shares of Applied Materials from $40.00 to $43.00 and gave the stock an equal weight rating in a research report on Friday. Eleven equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Applied Materials currently has a consensus rating of Buy and an average price target of $50.90.
Applied Materials stock traded down $0.53 during midday trading on Friday, hitting $46.63. 17,658,200 shares of the stock were exchanged, compared to its average volume of 8,981,748. Applied Materials has a 1 year low of $28.79 and a 1 year high of $52.42. The firm has a market cap of $43.65 billion, a P/E ratio of 10.48, a P/E/G ratio of 2.37 and a beta of 1.68. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.79 and a quick ratio of 1.77. The company has a 50 day moving average price of $47.10 and a two-hundred day moving average price of $42.51.
Applied Materials (NASDAQ:AMAT) last released its earnings results on Thursday, August 15th. The manufacturing equipment provider reported $0.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.04. The company had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.53 billion. Applied Materials had a net margin of 22.10% and a return on equity of 47.88%. The company’s revenue was down 14.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.20 EPS. As a group, analysts predict that Applied Materials will post 2.96 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 22nd will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Wednesday, August 21st. Applied Materials’s dividend payout ratio (DPR) is presently 18.88%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Greenleaf Trust boosted its stake in Applied Materials by 8.5% during the 2nd quarter. Greenleaf Trust now owns 15,309 shares of the manufacturing equipment provider’s stock valued at $688,000 after purchasing an additional 1,201 shares during the period. Hartford Financial Management Inc. boosted its stake in Applied Materials by 0.6% during the 2nd quarter. Hartford Financial Management Inc. now owns 42,875 shares of the manufacturing equipment provider’s stock valued at $1,926,000 after purchasing an additional 248 shares during the period. Chemical Bank boosted its stake in Applied Materials by 3.5% during the 1st quarter. Chemical Bank now owns 26,575 shares of the manufacturing equipment provider’s stock valued at $1,054,000 after purchasing an additional 900 shares during the period. Fiduciary Trust Co. acquired a new position in Applied Materials during the 1st quarter valued at about $287,000. Finally, Motley Fool Asset Management LLC lifted its stake in shares of Applied Materials by 11.9% in the 1st quarter. Motley Fool Asset Management LLC now owns 14,301 shares of the manufacturing equipment provider’s stock worth $567,000 after acquiring an additional 1,521 shares during the period. 77.61% of the stock is owned by institutional investors and hedge funds.
Applied Materials Company Profile
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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