Applied Materials, Inc. (NASDAQ:AMAT) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Applied Materials, Inc. (NASDAQ:AMATGet Rating) has been assigned an average rating of “Moderate Buy” from the twenty-eight ratings firms that are covering the stock, MarketBeat reports. Eight analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $142.38.

A number of research firms recently issued reports on AMAT. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $109.00 price target (up from $95.00) on shares of Applied Materials in a report on Tuesday, August 30th. Craig Hallum reduced their target price on shares of Applied Materials from $145.00 to $126.00 and set a “buy” rating on the stock in a research report on Friday, August 19th. Wells Fargo & Company boosted their price objective on shares of Applied Materials from $120.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, August 19th. JPMorgan Chase & Co. decreased their price objective on Applied Materials from $158.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, August 19th. Finally, Needham & Company LLC dropped their target price on Applied Materials from $130.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, August 19th.

Insider Buying and Selling at Applied Materials

In other news, SVP Teri A. Little sold 15,000 shares of the stock in a transaction on Wednesday, July 6th. The shares were sold at an average price of $86.30, for a total transaction of $1,294,500.00. Following the completion of the sale, the senior vice president now owns 93,169 shares of the company’s stock, valued at $8,040,484.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.37% of the company’s stock.

Hedge Funds Weigh In On Applied Materials

A number of large investors have recently added to or reduced their stakes in AMAT. Center for Financial Planning Inc. bought a new position in shares of Applied Materials during the first quarter worth about $25,000. Oliver Lagore Vanvalin Investment Group bought a new position in shares of Applied Materials during the 1st quarter worth approximately $25,000. JFS Wealth Advisors LLC raised its holdings in shares of Applied Materials by 113.1% in the second quarter. JFS Wealth Advisors LLC now owns 341 shares of the manufacturing equipment provider’s stock valued at $31,000 after purchasing an additional 181 shares during the last quarter. Disciplined Investments LLC boosted its holdings in Applied Materials by 67.3% during the first quarter. Disciplined Investments LLC now owns 251 shares of the manufacturing equipment provider’s stock worth $33,000 after purchasing an additional 101 shares during the last quarter. Finally, Hardy Reed LLC bought a new position in Applied Materials in the first quarter valued at $34,000. Institutional investors own 74.99% of the company’s stock.

Applied Materials Stock Down 0.1 %

Shares of NASDAQ AMAT opened at $88.87 on Friday. The business has a fifty day moving average of $99.36 and a two-hundred day moving average of $108.68. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.45 and a current ratio of 2.26. Applied Materials has a 52-week low of $82.67 and a 52-week high of $167.06. The stock has a market cap of $76.46 billion, a PE ratio of 11.88, a PEG ratio of 1.57 and a beta of 1.53.

Applied Materials (NASDAQ:AMATGet Rating) last posted its quarterly earnings data on Thursday, August 18th. The manufacturing equipment provider reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.15. Applied Materials had a net margin of 26.42% and a return on equity of 56.68%. The company had revenue of $6.52 billion during the quarter, compared to analyst estimates of $6.27 billion. During the same quarter last year, the business posted $1.90 earnings per share. The company’s revenue was up 5.2% on a year-over-year basis. As a group, equities research analysts expect that Applied Materials will post 7.68 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Friday, November 25th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, November 23rd. This represents a $1.04 dividend on an annualized basis and a yield of 1.17%. Applied Materials’s payout ratio is 13.90%.

About Applied Materials

(Get Rating)

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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Analyst Recommendations for Applied Materials (NASDAQ:AMAT)

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