A number of other research analysts have also issued reports on AMAT. Cowen raised their price objective on shares of Applied Materials from $100.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, November 18th. Bank of America dropped their price objective on shares of Applied Materials from $125.00 to $102.00 and set a “buy” rating for the company in a report on Friday, October 7th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Applied Materials from $95.00 to $110.00 and gave the company a “buy” rating in a report on Friday, November 18th. New Street Research upgraded shares of Applied Materials from a “neutral” rating to a “buy” rating and set a $115.00 price objective for the company in a report on Friday, October 21st. Finally, Needham & Company LLC raised their price target on shares of Applied Materials from $90.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, November 18th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, Applied Materials currently has an average rating of “Moderate Buy” and a consensus target price of $117.64.
Applied Materials Price Performance
Shares of AMAT stock traded down $1.17 on Tuesday, reaching $112.99. The company had a trading volume of 3,459,512 shares, compared to its average volume of 5,543,379. The stock has a market capitalization of $95.38 billion, a PE ratio of 15.19, a price-to-earnings-growth ratio of 2.37 and a beta of 1.56. The company has a quick ratio of 1.35, a current ratio of 2.16 and a debt-to-equity ratio of 0.45. Applied Materials has a one year low of $71.12 and a one year high of $145.16. The business’s 50-day moving average is $105.04 and its 200 day moving average is $97.77.
Insider Activity at Applied Materials
In related news, Director Xun Chen sold 377 shares of Applied Materials stock in a transaction on Friday, January 20th. The shares were sold at an average price of $107.80, for a total value of $40,640.60. Following the completion of the sale, the director now owns 39,868 shares of the company’s stock, valued at approximately $4,297,770.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.30% of the stock is currently owned by insiders.
Institutional Trading of Applied Materials
Several hedge funds have recently bought and sold shares of the business. Disciplined Investments LLC boosted its holdings in Applied Materials by 53.2% during the 3rd quarter. Disciplined Investments LLC now owns 337 shares of the manufacturing equipment provider’s stock worth $28,000 after acquiring an additional 117 shares during the last quarter. JFS Wealth Advisors LLC boosted its holdings 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 worth $31,000 after acquiring an additional 181 shares during the last quarter. Carolinas Wealth Consulting LLC boosted its holdings in Applied Materials by 55.0% during the 3rd quarter. Carolinas Wealth Consulting LLC now owns 372 shares of the manufacturing equipment provider’s stock worth $30,000 after acquiring an additional 132 shares during the last quarter. Crewe Advisors LLC purchased a new position in Applied Materials during the 2nd quarter worth $34,000. Finally, Emfo LLC purchased a new position in Applied Materials during the 3rd quarter worth $32,000. Institutional investors and hedge funds own 75.22% of the company’s stock.
About Applied Materials
Applied Materials, Inc provides manufacturing equipment, services and software to the semiconductor, display and related industries. It operates through the following segments: Semiconductor Systems, Applied Global Services, and Display & Adjacent Markets. The Semiconductor Systems segment includes semiconductor capital equipment for etch, rapid thermal processing, deposition, chemical mechanical planarization, metrology and inspection, wafer packaging, and ion implantation.
- Get a free copy of the StockNews.com research report on Applied Materials (AMAT)
- Insiders Buy Archer Aviation, Is This Stock About To Take Off?
- Intuit Is About To Make a Move, But Which Way?
- 3 Late January Earnings Plays With Pop Potential
- Low-Priced Stocks Still Paying Dividends
- Why is the Chipotle Stock Price Surging This Week?
Receive News & Ratings for Applied Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Materials and related companies with MarketBeat.com's FREE daily email newsletter.