Applied Materials, Inc. (AMAT) Price Target Increased to $50.00 by Analysts at Stifel Nicolaus

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.

TRADEMARK VIOLATION WARNING: This piece was originally posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this piece on another domain, it was stolen and republished in violation of United States & international trademark & copyright law. The correct version of this piece can be accessed at https://www.chaffeybreeze.com/2017/06/17/applied-materials-inc-amat-price-target-raised-to-50-00-updated-updated-updated.html.

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

Receive News & Ratings for Applied Materials Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Materials Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply