Applied Materials, Inc. (NASDAQ:AMAT) had its price target hoisted by Stifel Nicolaus from $42.00 to $50.00 in a report released on Monday, May 15th, Marketbeat.com reports. Stifel Nicolaus currently has a buy rating on the manufacturing equipment provider’s stock.
Other analysts have also issued reports about the stock. B. Riley reiterated a buy rating and set a $44.00 price target on shares of Applied Materials in a research note on Saturday, February 18th. Royal Bank Of Canada reiterated a hold rating and set a $35.00 price target on shares of Applied Materials in a research note on Tuesday, April 25th. Needham & Company LLC boosted their price target on shares of Applied Materials from $43.00 to $50.00 and gave the stock a buy rating in a research note on Monday, May 15th. Vetr lowered shares of Applied Materials from a strong-buy rating to a buy rating and set a $42.81 price target on the stock. in a research note on Wednesday, April 19th. Finally, Instinet upped their target price on shares of Applied Materials from $34.00 to $40.00 and gave the stock a buy rating in a research note on Friday, February 17th. Four investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $44.75.
Applied Materials (NASDAQ AMAT) traded down 0.12% on Monday, reaching $43.11. 10,775,074 shares of the company traded hands. The stock has a market capitalization of $46.33 billion, a price-to-earnings ratio of 17.83 and a beta of 1.81. The stock’s 50-day moving average is $44.11 and its 200-day moving average is $37.81. Applied Materials has a 1-year low of $22.17 and a 1-year high of $47.86.
Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results on Thursday, May 18th. The manufacturing equipment provider reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.03. The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.54 billion. Applied Materials had a net margin of 23.24% and a return on equity of 41.58%. The business’s revenue for the quarter was up 44.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.34 earnings per share. Equities research analysts expect that Applied Materials will post $3.08 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 24th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date is Tuesday, August 22nd. Applied Materials’s dividend payout ratio is currently 16.46%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Independent Advisor Alliance purchased a new position in shares of Applied Materials during the fourth quarter worth $105,000. Reilly Financial Advisors LLC boosted its position in shares of Applied Materials by 78.0% in the first quarter. Reilly Financial Advisors LLC now owns 2,692 shares of the manufacturing equipment provider’s stock worth $105,000 after buying an additional 1,180 shares in the last quarter. First Interstate Bank boosted its position in shares of Applied Materials by 2.9% in the fourth quarter. First Interstate Bank now owns 3,296 shares of the manufacturing equipment provider’s stock worth $106,000 after buying an additional 93 shares in the last quarter. Pinnacle Bank purchased a new position in shares of Applied Materials during the first quarter worth $113,000. Finally, State of Alaska Department of Revenue purchased a new position in shares of Applied Materials during the first quarter worth $114,000. Institutional investors and hedge funds own 80.44% of the company’s stock.
About Applied Materials
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