Applied Materials, Inc. (NASDAQ:AMAT) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Applied Materials, Inc. (NASDAQ:AMATGet Free Report) has received an average rating of “Moderate Buy” from the twenty-six ratings firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and nineteen have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $201.50.

AMAT has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Applied Materials in a research report on Thursday, April 11th. They set a “hold” rating and a $225.00 price target on the stock. TD Cowen raised their price target on shares of Applied Materials from $185.00 to $245.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. B. Riley raised their price target on shares of Applied Materials from $175.00 to $220.00 and gave the stock a “buy” rating in a research report on Monday, February 12th. Barclays raised their target price on shares of Applied Materials from $120.00 to $140.00 and gave the company an “underweight” rating in a report on Tuesday, January 16th. Finally, Mizuho raised their target price on shares of Applied Materials from $185.00 to $225.00 and gave the company a “buy” rating in a report on Friday, February 16th.

Get Our Latest Research Report on AMAT

Applied Materials Price Performance

Shares of AMAT opened at $189.77 on Monday. The firm has a market capitalization of $157.68 billion, a PE ratio of 22.33, a PEG ratio of 2.84 and a beta of 1.59. The company’s 50-day moving average is $202.61 and its 200-day moving average is $170.03. Applied Materials has a fifty-two week low of $109.15 and a fifty-two week high of $214.91. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.71 and a quick ratio of 1.91.

Applied Materials (NASDAQ:AMATGet Free Report) last released its quarterly earnings results on Thursday, February 15th. The manufacturing equipment provider reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.23. Applied Materials had a net margin of 27.03% and a return on equity of 43.56%. The business had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.48 billion. During the same period last year, the firm earned $2.03 earnings per share. Applied Materials’s revenue for the quarter was down .4% compared to the same quarter last year. Equities analysts forecast that Applied Materials will post 8.04 EPS for the current year.

Applied Materials Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 23rd will be paid a $0.40 dividend. The ex-dividend date is Wednesday, May 22nd. This represents a $1.60 annualized dividend and a dividend yield of 0.84%. This is a positive change from Applied Materials’s previous quarterly dividend of $0.32. Applied Materials’s payout ratio is currently 15.06%.

Institutional Trading of Applied Materials

A number of hedge funds and other institutional investors have recently bought and sold shares of AMAT. Norges Bank bought a new stake in Applied Materials during the 4th quarter valued at $930,505,000. Cowa LLC purchased a new position in Applied Materials during the 1st quarter worth $76,000. Moneta Group Investment Advisors LLC boosted its holdings in Applied Materials by 79,147.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 5,726,422 shares of the manufacturing equipment provider’s stock worth $557,639,000 after acquiring an additional 5,719,196 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Applied Materials by 3,940.1% during the 4th quarter. Wellington Management Group LLP now owns 2,175,766 shares of the manufacturing equipment provider’s stock worth $352,626,000 after acquiring an additional 2,121,912 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its holdings in shares of Applied Materials by 25.1% in the 2nd quarter. Nuveen Asset Management LLC now owns 9,609,330 shares of the manufacturing equipment provider’s stock worth $1,388,933,000 after buying an additional 1,925,722 shares during the last quarter. Institutional investors own 80.56% of the company’s stock.

Applied Materials Company Profile

(Get Free Report

Applied Materials, Inc engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits.

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Analyst Recommendations for Applied Materials (NASDAQ:AMAT)

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