Applied Materials, Inc. (NASDAQ:AMAT) has earned a consensus rating of “Buy” from the twenty-six brokerages that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $144.08.
Several equities analysts have recently commented on the company. Morgan Stanley upped their target price on Applied Materials from $104.00 to $113.00 and gave the company an “equal weight” rating in a report on Thursday, February 25th. The Goldman Sachs Group upped their target price on Applied Materials from $133.00 to $151.00 and gave the company a “buy” rating in a report on Tuesday, April 13th. Credit Suisse Group upped their target price on Applied Materials from $145.00 to $175.00 and gave the company an “outperform” rating in a report on Monday, April 5th. Mizuho upped their target price on Applied Materials from $130.00 to $155.00 and gave the company a “buy” rating in a report on Tuesday, April 13th. Finally, Sanford C. Bernstein assumed coverage on Applied Materials in a report on Tuesday, March 30th. They set an “outperform” rating and a $160.00 target price for the company.
NASDAQ AMAT traded down $4.13 on Thursday, hitting $128.72. 14,154,883 shares of the stock traded hands, compared to its average volume of 9,499,604. The stock has a 50-day moving average of $130.66 and a 200 day moving average of $101.00. Applied Materials has a twelve month low of $48.53 and a twelve month high of $146.00. The company has a market capitalization of $118.12 billion, a P/E ratio of 33.89, a price-to-earnings-growth ratio of 2.06 and a beta of 1.48. The company has a current ratio of 3.00, a quick ratio of 2.12 and a debt-to-equity ratio of 0.52.
Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data on Wednesday, February 17th. The manufacturing equipment provider reported $1.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.11. Applied Materials had a return on equity of 40.65% and a net margin of 21.04%. The firm had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $4.98 billion. During the same quarter in the prior year, the firm posted $0.98 earnings per share. As a group, equities research analysts expect that Applied Materials will post 4.97 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 17th. Shareholders of record on Thursday, May 27th will be paid a dividend of $0.24 per share. This is a positive change from Applied Materials’s previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Wednesday, May 26th. Applied Materials’s dividend payout ratio (DPR) is presently 21.10%.
In other news, CEO Gary E. Dickerson sold 105,184 shares of the stock in a transaction on Friday, April 9th. The stock was sold at an average price of $140.00, for a total transaction of $14,725,760.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas J. Iannotti sold 15,000 shares of the stock in a transaction on Wednesday, March 31st. The shares were sold at an average price of $131.95, for a total value of $1,979,250.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 170,184 shares of company stock valued at $23,752,510. 0.41% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in the company. Global Retirement Partners LLC lifted its position in shares of Applied Materials by 1.3% during the 1st quarter. Global Retirement Partners LLC now owns 6,254 shares of the manufacturing equipment provider’s stock valued at $836,000 after acquiring an additional 82 shares during the last quarter. Highland Private Wealth Management lifted its position in shares of Applied Materials by 1.7% during the 1st quarter. Highland Private Wealth Management now owns 5,116 shares of the manufacturing equipment provider’s stock valued at $683,000 after acquiring an additional 87 shares during the last quarter. Johanson Financial Advisors Inc. lifted its holdings in shares of Applied Materials by 2.2% in the first quarter. Johanson Financial Advisors Inc. now owns 3,974 shares of the manufacturing equipment provider’s stock valued at $533,000 after purchasing an additional 87 shares in the last quarter. Prestige Wealth Management Group LLC lifted its holdings in shares of Applied Materials by 42.1% in the fourth quarter. Prestige Wealth Management Group LLC now owns 297 shares of the manufacturing equipment provider’s stock valued at $25,000 after purchasing an additional 88 shares in the last quarter. Finally, Sandy Spring Bank lifted its holdings in shares of Applied Materials by 16.9% in the first quarter. Sandy Spring Bank now owns 624 shares of the manufacturing equipment provider’s stock valued at $84,000 after purchasing an additional 90 shares in the last quarter. Institutional investors own 78.80% of the company’s stock.
Applied Materials Company Profile
Applied Materials, Inc engages in the provision of materials engineering solutions used to produce new chip and advanced display. It operates through the following segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment includes semiconductor capital equipment for deposition, etch, ion implantation, rapid thermal processing, chemical mechanical planarization, metrology and inspection, and wafer level packaging.
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