B. Riley reissued their buy rating on shares of Applied Materials, Inc. (NASDAQ:AMAT) in a research note issued to investors on Monday morning. B. Riley currently has a $63.00 target price on the manufacturing equipment provider’s stock.
A number of other research analysts also recently commented on AMAT. Vetr raised shares of Applied Materials from a hold rating to a buy rating and set a $48.70 target price on the stock in a research report on Monday, July 24th. Cowen and Company reaffirmed a buy rating and issued a $50.00 target price on shares of Applied Materials in a research report on Friday, July 28th. BidaskClub downgraded shares of Applied Materials from a strong-buy rating to a buy rating in a research report on Wednesday, August 2nd. Zacks Investment Research downgraded shares of Applied Materials from a buy rating to a hold rating in a research report on Monday, August 14th. Finally, Morgan Stanley reaffirmed an overweight rating and issued a $52.00 target price on shares of Applied Materials in a research report on Monday, August 14th. Three research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $56.64.
Applied Materials (AMAT) traded up $0.67 during midday trading on Monday, hitting $57.03. 9,414,400 shares of the company were exchanged, compared to its average volume of 9,756,110. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.91 and a quick ratio of 2.25. The stock has a market cap of $59,920.00, a P/E ratio of 18.91, a price-to-earnings-growth ratio of 0.90 and a beta of 1.85. Applied Materials has a 1 year low of $28.93 and a 1 year high of $57.34.
Applied Materials (NASDAQ:AMAT) last posted its earnings results on Thursday, August 17th. The manufacturing equipment provider reported $0.86 EPS for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.02. The firm had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.69 billion. Applied Materials had a net margin of 22.08% and a return on equity of 40.74%. The company’s revenue was up 32.7% on a year-over-year basis. During the same period last year, the firm posted $0.50 EPS. equities analysts expect that Applied Materials will post 3.22 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Friday, November 24th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Wednesday, November 22nd. Applied Materials’s dividend payout ratio (DPR) is 14.18%.
In other Applied Materials news, Director Alexander Karsner sold 22,762 shares of Applied Materials stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $44.03, for a total transaction of $1,002,210.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Thomas F. Larkins sold 30,000 shares of Applied Materials stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $51.24, for a total transaction of $1,537,200.00. The disclosure for this sale can be found here. 0.31% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. LeJeune Puetz Investment Counsel LLC acquired a new position in Applied Materials during the third quarter worth about $105,000. MPS Loria Financial Planners LLC acquired a new position in Applied Materials during the second quarter worth about $109,000. First Personal Financial Services raised its position in Applied Materials by 281.5% during the third quarter. First Personal Financial Services now owns 2,575 shares of the manufacturing equipment provider’s stock worth $134,000 after acquiring an additional 1,900 shares during the last quarter. Mosaic Family Wealth LLC raised its position in Applied Materials by 56.1% during the third quarter. Mosaic Family Wealth LLC now owns 2,737 shares of the manufacturing equipment provider’s stock worth $142,000 after acquiring an additional 984 shares during the last quarter. Finally, Wunderlich Capital Managemnt raised its position in Applied Materials by 2.9% during the second quarter. Wunderlich Capital Managemnt now owns 3,037 shares of the manufacturing equipment provider’s stock worth $125,000 after acquiring an additional 87 shares during the last quarter. Institutional investors own 79.35% 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.