Applied Materials, Inc. (NASDAQ:AMAT – Get Free Report) has been given a consensus rating of “Moderate Buy” by the twenty-two analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $218.24.
A number of analysts have issued reports on AMAT shares. TD Cowen cut their price target on shares of Applied Materials from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Applied Materials from $220.00 to $200.00 and set a “hold” rating on the stock in a research note on Friday, November 15th. Sanford C. Bernstein decreased their price target on shares of Applied Materials from $220.00 to $210.00 and set an “outperform” rating for the company in a research report on Friday, November 29th. Needham & Company LLC cut their price objective on Applied Materials from $240.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $164.00 price objective (down from $179.00) on shares of Applied Materials in a research note on Thursday, December 5th.
Get Our Latest Stock Report on Applied Materials
Applied Materials Stock Performance
Applied Materials (NASDAQ:AMAT – Get Free Report) last released its quarterly earnings results on Thursday, November 14th. The manufacturing equipment provider reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.19 by $0.13. The company had revenue of $7.05 billion for the quarter, compared to analysts’ expectations of $6.96 billion. Applied Materials had a return on equity of 39.26% and a net margin of 26.41%. The firm’s revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.12 earnings per share. As a group, equities research analysts predict that Applied Materials will post 9.48 EPS for the current year.
Applied Materials Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. Applied Materials’s dividend payout ratio (DPR) is presently 18.58%.
Institutional Trading of Applied Materials
Several institutional investors and hedge funds have recently bought and sold shares of AMAT. Clean Yield Group acquired a new position in Applied Materials in the third quarter valued at $33,000. First PREMIER Bank raised its position in Applied Materials by 326.3% during the 3rd quarter. First PREMIER Bank now owns 162 shares of the manufacturing equipment provider’s stock worth $33,000 after buying an additional 124 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in Applied Materials in the third quarter valued at about $37,000. DT Investment Partners LLC lifted its holdings in shares of Applied Materials by 592.9% in the 3rd quarter. DT Investment Partners LLC now owns 194 shares of the manufacturing equipment provider’s stock valued at $39,000 after buying an additional 166 shares during the period. Finally, Dunhill Financial LLC boosted its position in shares of Applied Materials by 61.4% during the 3rd quarter. Dunhill Financial LLC now owns 213 shares of the manufacturing equipment provider’s stock worth $43,000 after purchasing an additional 81 shares in the last quarter. Hedge funds and other institutional investors own 80.56% of the company’s stock.
Applied Materials Company Profile
Applied Materials, Inc engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company 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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