Deutsche Bank Aktiengesellschaft Cuts Applied Materials (NASDAQ:AMAT) Price Target to $200.00

Applied Materials (NASDAQ:AMAT) had its price target decreased by Deutsche Bank Aktiengesellschaft from $220.00 to $200.00 in a report published on Friday,Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the manufacturing equipment provider’s stock.

Other analysts have also issued research reports about the stock. Needham & Company LLC reissued a “buy” rating and issued a $260.00 price target on shares of Applied Materials in a research report on Friday, August 16th. JPMorgan Chase & Co. increased their target price on Applied Materials from $240.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $250.00 price target on shares of Applied Materials in a research report on Tuesday, October 8th. B. Riley dropped their price objective on Applied Materials from $300.00 to $280.00 and set a “buy” rating on the stock in a report on Friday, August 16th. Finally, Dbs Bank downgraded Applied Materials from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 16th. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $219.81.

Applied Materials Price Performance

Shares of NASDAQ AMAT opened at $168.88 on Friday. The company has a current ratio of 2.86, a quick ratio of 2.09 and a debt-to-equity ratio of 0.33. The stock has a fifty day simple moving average of $190.88 and a two-hundred day simple moving average of $206.87. Applied Materials has a 1-year low of $141.94 and a 1-year high of $255.89. The firm has a market cap of $139.23 billion, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 2.07 and a beta of 1.56.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings results on Thursday, November 14th. The manufacturing equipment provider reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.19 by $0.13. Applied Materials had a return on equity of 39.71% and a net margin of 26.41%. The company had revenue of $7.05 billion during the quarter, compared to the consensus estimate of $6.96 billion. During the same quarter in the prior year, the company earned $2.12 EPS. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. Analysts anticipate that Applied Materials will post 9.52 earnings per share for the current year.

Applied Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be given a $0.40 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.60 annualized dividend and a yield of 0.95%. Applied Materials’s dividend payout ratio (DPR) is presently 18.58%.

Institutional Investors Weigh In On Applied Materials

A number of large investors have recently added to or reduced their stakes in the company. State Street Corp increased its position in shares of Applied Materials by 1.8% during the 3rd quarter. State Street Corp now owns 38,808,047 shares of the manufacturing equipment provider’s stock valued at $7,841,178,000 after purchasing an additional 672,548 shares during the last quarter. Geode Capital Management LLC boosted its stake in Applied Materials by 1.9% in the third quarter. Geode Capital Management LLC now owns 19,826,373 shares of the manufacturing equipment provider’s stock worth $3,994,968,000 after buying an additional 371,866 shares in the last quarter. FMR LLC raised its stake in shares of Applied Materials by 5.5% during the third quarter. FMR LLC now owns 16,413,112 shares of the manufacturing equipment provider’s stock worth $3,316,269,000 after acquiring an additional 858,122 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Applied Materials by 3.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,861,933 shares of the manufacturing equipment provider’s stock worth $1,790,554,000 after acquiring an additional 318,445 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of Applied Materials by 29.8% in the 3rd quarter. Van ECK Associates Corp now owns 6,571,178 shares of the manufacturing equipment provider’s stock valued at $1,327,707,000 after purchasing an additional 1,509,439 shares in the last quarter. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Applied Materials Company Profile

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.