Other equities analysts have also recently issued reports about the company. B. Riley restated an amat ($29.20 rating and set a $39.00 target price on shares of Applied Materials in a research report on Sunday, August 21st. Credit Suisse Group AG reiterated a buy rating on shares of Applied Materials in a report on Friday, June 10th. Vetr upgraded Applied Materials from a hold rating to a buy rating and set a $25.00 price objective for the company in a report on Monday, June 13th. Needham & Company LLC reiterated a buy rating and issued a $26.00 price objective on shares of Applied Materials in a report on Monday, June 13th. Finally, Stifel Nicolaus upped their price objective on Applied Materials from $24.00 to $28.00 and gave the stock a buy rating in a report on Friday, May 27th. Six investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $30.72.
Shares of Applied Materials (NASDAQ:AMAT) opened at 29.35 on Thursday. The firm has a 50-day moving average price of $29.13 and a 200 day moving average price of $24.38. Applied Materials has a 1-year low of $14.33 and a 1-year high of $31.07. The company has a market cap of $31.72 billion, a PE ratio of 23.15 and a beta of 1.79.
Applied Materials (NASDAQ:AMAT) last posted its earnings results on Thursday, August 18th. The manufacturing equipment provider reported $0.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.02. Applied Materials had a return on equity of 22.37% and a net margin of 14.62%. The business earned $2.82 billion during the quarter, compared to analysts’ expectations of $2.84 billion. During the same period in the previous year, the business earned $0.33 earnings per share. The firm’s revenue was up 13.3% on a year-over-year basis. On average, equities analysts anticipate that Applied Materials will post $1.75 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Friday, November 25th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, November 22nd. This represents a $0.40 annualized dividend and a dividend yield of 1.36%. Applied Materials’s payout ratio is currently 31.25%.
In related news, VP Omkaram Nalamasu sold 26,035 shares of the company’s stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $30.15, for a total value of $784,955.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Stephen R. Forrest sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $30.00, for a total value of $150,000.00. The disclosure for this sale can be found here. 0.25% of the stock is owned by corporate insiders.
Several hedge funds have recently bought and sold shares of the company. Thompson Davis & CO. Inc. increased its stake in Applied Materials by 133.3% in the second quarter. Thompson Davis & CO. Inc. now owns 4,232 shares of the manufacturing equipment provider’s stock valued at $101,000 after buying an additional 2,418 shares during the last quarter. TLP Group LLC bought a new stake in Applied Materials during the second quarter valued at $105,000. Clean Yield Group increased its stake in Applied Materials by 16.5% in the second quarter. Clean Yield Group now owns 4,950 shares of the manufacturing equipment provider’s stock valued at $119,000 after buying an additional 700 shares during the last quarter. First PREMIER Bank bought a new stake in Applied Materials during the second quarter valued at $120,000. Finally, NEXT Financial Group Inc increased its stake in Applied Materials by 406.1% in the second quarter. NEXT Financial Group Inc now owns 6,605 shares of the manufacturing equipment provider’s stock valued at $158,000 after buying an additional 5,300 shares during the last quarter. Institutional investors own 82.20% of the company’s stock.
Applied Materials Company Profile
Applied Materials, Inc (Applied) provides manufacturing equipment, services and software to the semiconductor, display, solar photovoltaic (PV) and related industries across the world. The Company operates in four segments: Silicon Systems, Applied Global Services, Display, and Energy and Environmental Solutions.
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