News articles about Applied Materials (NASDAQ:AMAT) have been trending somewhat positive recently, Alpha One Sentiment reports. The research firm, a subsidiary of Accern, identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real-time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Applied Materials earned a daily sentiment score of 0.23 on Alpha One’s scale. Alpha One also assigned media coverage about the manufacturing equipment provider an impact score of 84 out of 100, indicating that recent news coverage is very likely to have an effect on the stock’s share price in the near term.
Here are some of the news headlines that may have effected Alpha One’s rankings:
- Applied Materials, Inc. (AMAT) Stock Rating Reaffirmed by B. Riley (americanbankingnews.com)
- Applied Materials, Inc. (AMAT) Upgraded to Buy at Credit Suisse Group AG (americanbankingnews.com)
- Applied Materials, Inc. (AMAT) Rating Reiterated by Royal Bank of Canada (americanbankingnews.com)
- Applied Materials’ (AMAT) “Buy” Rating Reaffirmed at Deutsche Bank AG (americanbankingnews.com)
- Applied Materials (AMAT) Beats on Q2 Earnings, Revenues (finance.yahoo.com)
Applied Materials (NASDAQ:AMAT) last announced its earnings results on Thursday, May 18th. The manufacturing equipment provider reported $0.79 EPS for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.03. The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.54 billion. Applied Materials had a net margin of 15.90% and a return on equity of 28.09%. The firm’s revenue was up 44.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 earnings per share.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, May 25th will be issued a $0.10 dividend. The ex-dividend date is Tuesday, May 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.91%. Applied Materials’s dividend payout ratio is presently 25.64%.
A number of research firms have commented on AMAT. B. Riley reissued a “buy” rating and issued a $56.00 price target on shares of Applied Materials in a research note on Saturday. Credit Suisse Group AG raised shares of Applied Materials to a “buy” rating and set a $54.00 price target for the company in a research note on Friday. Deutsche Bank AG reissued a “buy” rating and issued a $48.00 price target (up previously from $45.00) on shares of Applied Materials in a research note on Friday. Royal Bank of Canada reissued a “sector perform” rating and issued a $46.00 price target (up previously from $35.00) on shares of Applied Materials in a research note on Friday. Finally, Cowen and Company boosted their price target on shares of Applied Materials from $45.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday. Four investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $41.72.
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About Applied Materials
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