Applied Materials (NASDAQ:AMAT) PT Raised to $92.00 at Susquehanna

Applied Materials (NASDAQ:AMATGet Rating) had its price objective hoisted by stock analysts at Susquehanna from $80.00 to $92.00 in a report issued on Friday, The Fly reports. The brokerage currently has a “neutral” rating on the manufacturing equipment provider’s stock. Susquehanna’s price target points to a potential downside of 12.13% from the company’s current price.

A number of other brokerages have also recently issued reports on AMAT. Sanford C. Bernstein boosted their price objective on shares of Applied Materials to $140.00 in a report on Monday, August 22nd. Bank of America cut their price objective on shares of Applied Materials from $125.00 to $102.00 and set a “buy” rating on the stock in a research report on Friday, October 7th. New Street Research raised shares of Applied Materials from a “neutral” rating to a “buy” rating and set a $115.00 price objective on the stock in a research report on Friday, October 21st. Stifel Nicolaus dropped their price target on shares of Applied Materials from $197.00 to $184.00 in a research report on Friday, August 19th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Applied Materials from $115.00 to $95.00 and set a “buy” rating on the stock in a report on Thursday, October 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $121.00.

Applied Materials Trading Up 0.2 %

Shares of AMAT stock opened at $104.70 on Friday. Applied Materials has a 12-month low of $71.12 and a 12-month high of $167.06. The company has a market capitalization of $90.07 billion, a P/E ratio of 14.07, a P/E/G ratio of 3.16 and a beta of 1.49. The firm has a 50-day moving average price of $88.65 and a 200 day moving average price of $97.45. The company has a quick ratio of 1.45, a current ratio of 2.26 and a debt-to-equity ratio of 0.45.

Applied Materials (NASDAQ:AMATGet Rating) last announced its earnings results on Thursday, November 17th. The manufacturing equipment provider reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.30. Applied Materials had a net margin of 25.31% and a return on equity of 57.03%. The company had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.44 billion. During the same period in the previous year, the firm posted $1.94 earnings per share. The company’s revenue was up 10.2% on a year-over-year basis. Research analysts forecast that Applied Materials will post 6.68 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Applied Materials

A number of institutional investors have recently modified their holdings of the stock. Center for Financial Planning Inc. purchased a new stake in shares of Applied Materials during the first quarter valued at $25,000. Oliver Lagore Vanvalin Investment Group bought a new position in shares of Applied Materials in the first quarter worth about $25,000. Disciplined Investments LLC raised its stake in shares of Applied Materials by 53.2% in the third quarter. Disciplined Investments LLC now owns 337 shares of the manufacturing equipment provider’s stock worth $28,000 after buying an additional 117 shares during the period. Carolinas Wealth Consulting LLC raised its stake in shares of Applied Materials by 55.0% in the third quarter. Carolinas Wealth Consulting LLC now owns 372 shares of the manufacturing equipment provider’s stock worth $30,000 after buying an additional 132 shares during the period. Finally, JFS Wealth Advisors LLC raised its stake in Applied Materials by 113.1% during the 2nd 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 period. 74.99% of the stock is owned by hedge funds and other institutional investors.

Applied Materials Company Profile

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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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