Shares of Applied Materials, Inc. (NASDAQ:AMAT) were down 7.6% during mid-day trading on Tuesday . The company traded as low as $35.15 and last traded at $35.43. Approximately 21,476,695 shares were traded during trading, an increase of 58% from the average daily volume of 13,595,341 shares. The stock had previously closed at $38.34.

Several brokerages recently weighed in on AMAT. BidaskClub lowered Applied Materials from a “sell” rating to a “strong sell” rating in a report on Tuesday, September 11th. Deutsche Bank lowered their price objective on Applied Materials from $60.00 to $58.00 and set a “buy” rating for the company in a report on Friday, August 17th. ValuEngine lowered Applied Materials from a “sell” rating to a “strong sell” rating in a report on Thursday, August 23rd. KeyCorp reissued an “overweight” rating and issued a $56.00 price objective (down from $71.00) on shares of Applied Materials in a report on Friday, November 16th. Finally, Zacks Investment Research lowered Applied Materials from a “hold” rating to a “sell” rating in a report on Wednesday, October 17th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $52.14.

The firm has a market cap of $36.65 billion, a P/E ratio of 7.96, a P/E/G ratio of 1.26 and a beta of 1.66. The company has a quick ratio of 1.73, a current ratio of 2.64 and a debt-to-equity ratio of 0.78.

Applied Materials (NASDAQ:AMAT) last posted its earnings results on Thursday, November 15th. The manufacturing equipment provider reported $0.97 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.97. The company had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4 billion. Applied Materials had a return on equity of 62.56% and a net margin of 19.20%. On average, sell-side analysts predict that Applied Materials, Inc. will post 3.54 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Friday, November 23rd will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Wednesday, November 21st. Applied Materials’s dividend payout ratio (DPR) is presently 17.98%.

Large investors have recently bought and sold shares of the company. Rational Advisors LLC boosted its position in shares of Applied Materials by 5,102.0% during the second quarter. Rational Advisors LLC now owns 2,601 shares of the manufacturing equipment provider’s stock worth $120,000 after buying an additional 2,551 shares during the period. ELM Advisors LLC acquired a new stake in Applied Materials in the third quarter worth approximately $157,000. Amussen Hunsaker Associates LLC acquired a new stake in Applied Materials in the second quarter worth approximately $162,000. LFA Lugano Financial Advisors SA acquired a new stake in Applied Materials in the second quarter worth approximately $177,000. Finally, Freestone Capital Holdings LLC acquired a new stake in Applied Materials in the third quarter worth approximately $200,000. 76.29% of the stock is owned by institutional investors.

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Applied Materials Company Profile (NASDAQ:AMAT)

Applied Materials, Inc engages in the provision of materials engineering solutions used to produce new chip and advanced display. It operates through the following segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment includes semiconductor capital equipment for deposition, etch, ion implantation, rapid thermal processing, chemical mechanical planarization, metrology and inspection, and wafer level packaging.

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