Applied Materials, Inc. (NASDAQ:AMAT) has earned a consensus rating of “Buy” from the twenty-six analysts that are presently covering the stock, Marketbeat Ratings reports. Eleven research analysts have rated the stock with a hold recommendation and fifteen have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $50.83.
Several equities analysts have recently issued reports on AMAT shares. Morgan Stanley raised their price target on shares of Applied Materials from $40.00 to $43.00 and gave the company an “equal weight” rating in a research note on Friday. BidaskClub cut shares of Applied Materials from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Needham & Company LLC reiterated a “buy” rating and set a $52.00 price target on shares of Applied Materials in a report on Sunday. Susquehanna Bancshares raised shares of Applied Materials from a “neutral” rating to a “positive” rating and increased their price objective for the company from $34.00 to $60.00 in a research report on Wednesday, May 15th. Finally, Wells Fargo & Co reiterated an “outperform” rating on shares of Applied Materials in a research note on Thursday, June 20th.
AMAT stock traded down $0.53 during trading on Tuesday, reaching $46.63. 17,658,200 shares of the stock were exchanged, compared to its average volume of 8,800,960. Applied Materials has a twelve month low of $28.79 and a twelve month high of $52.42. The company has a market capitalization of $44.15 billion, a P/E ratio of 10.48, a price-to-earnings-growth ratio of 2.39 and a beta of 1.68. The stock has a 50 day simple moving average of $47.10 and a 200-day simple moving average of $42.51. The company has a current ratio of 2.79, a quick ratio of 1.77 and a debt-to-equity ratio of 0.65.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 22nd will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Wednesday, August 21st. Applied Materials’s payout ratio is 18.88%.
Institutional investors have recently modified their holdings of the business. Squar Milner Financial Services LLC grew its holdings in shares of Applied Materials by 190.8% during the first quarter. Squar Milner Financial Services LLC now owns 698 shares of the manufacturing equipment provider’s stock valued at $27,000 after buying an additional 458 shares during the last quarter. Princeton Global Asset Management LLC bought a new stake in shares of Applied Materials in the first quarter valued at about $27,000. Next Capital Management LLC bought a new stake in shares of Applied Materials in the second quarter valued at about $35,000. Horan Capital Advisors LLC. bought a new stake in shares of Applied Materials in the first quarter valued at about $31,000. Finally, Sandy Spring Bank raised its holdings in shares of Applied Materials by 57.4% in the second quarter. Sandy Spring Bank now owns 787 shares of the manufacturing equipment provider’s stock valued at $35,000 after acquiring an additional 287 shares in the last quarter. Institutional investors own 77.61% of the company’s stock.
Applied Materials Company Profile
Applied Materials, Inc provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It 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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