News headlines about Applied Materials (NASDAQ:AMAT) have been trending somewhat positive on Sunday, according to Accern Sentiment. The research firm scores the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Applied Materials earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave headlines about the manufacturing equipment provider an impact score of 46.040850931466 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have effected Accern’s rankings:
A number of research analysts have weighed in on AMAT shares. Wells Fargo & Co started coverage on shares of Applied Materials in a research note on Tuesday, December 5th. They issued an “outperform” rating and a $65.00 target price on the stock. Vetr lowered shares of Applied Materials from a “strong-buy” rating to a “buy” rating and set a $62.50 price target on the stock. in a research report on Monday, January 8th. Zacks Investment Research raised shares of Applied Materials from a “hold” rating to a “strong-buy” rating and set a $59.00 price target on the stock in a research report on Friday, December 15th. Bank of America boosted their price target on shares of Applied Materials from $65.00 to $76.00 and gave the company a “buy” rating in a research report on Wednesday, November 15th. Finally, Credit Suisse Group boosted their price target on shares of Applied Materials from $62.00 to $72.00 and gave the company an “outperform” rating in a research report on Friday, November 17th. Two investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $61.22.
Applied Materials (NASDAQ AMAT) opened at $53.45 on Friday. The company has a quick ratio of 2.43, a current ratio of 3.14 and a debt-to-equity ratio of 0.57. Applied Materials has a 12 month low of $33.09 and a 12 month high of $60.89. The company has a market cap of $56,460.00, a P/E ratio of 16.86, a price-to-earnings-growth ratio of 1.05 and a beta of 1.81.
Applied Materials (NASDAQ:AMAT) last released its quarterly earnings results on Thursday, November 16th. The manufacturing equipment provider reported $0.93 EPS for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.02. Applied Materials had a net margin of 23.62% and a return on equity of 41.51%. The business had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $3.93 billion. During the same quarter in the previous year, the company earned $0.66 EPS. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. sell-side analysts expect that Applied Materials will post 4.04 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Wednesday, February 21st will be paid a $0.10 dividend. The ex-dividend date is Tuesday, February 20th. This represents a $0.40 dividend on an annualized basis and a yield of 0.75%. Applied Materials’s dividend payout ratio is presently 12.62%.
In other news, Director Stephen R. Forrest sold 5,000 shares of the company’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $58.00, for a total value of $290,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Ali Salehpour sold 125,125 shares of the company’s stock in a transaction on Saturday, December 29th. The shares were sold at an average price of $51.47, for a total transaction of $6,440,183.75. The disclosure for this sale can be found here. In the last three months, insiders sold 312,716 shares of company stock valued at $16,218,746. Corporate insiders own 0.31% of the company’s stock.
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About Applied Materials
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