Applied Materials, Inc. (AMAT) Price Target Raised to $65.00 at Deutsche Bank AG
Applied Materials, Inc. (NASDAQ:AMAT) had its price target lifted by Deutsche Bank AG from $58.00 to $65.00 in a research note published on Friday. Deutsche Bank AG currently has a buy rating on the manufacturing equipment provider’s stock.
A number of other analysts also recently weighed in on AMAT. Vetr downgraded shares of Applied Materials from a strong-buy rating to a buy rating and set a $48.70 price target for the company. in a research report on Monday, August 7th. BidaskClub downgraded shares of Applied Materials from a strong-buy rating to a buy rating in a research report on Wednesday, August 2nd. Cowen and Company reissued a buy rating and set a $50.00 price target on shares of Applied Materials in a research report on Friday, July 28th. B. Riley reissued a buy rating and set a $56.00 price target on shares of Applied Materials in a research report on Monday, August 14th. Finally, Stifel Nicolaus reissued a buy rating and set a $61.00 price target (up previously from $55.00) on shares of Applied Materials in a research report on Friday, August 18th. Three equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $59.35.
Shares of Applied Materials (NASDAQ AMAT) traded down $1.35 during trading hours on Friday, reaching $56.49. 27,143,170 shares of the company’s stock traded hands, compared to its average volume of 9,864,950. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.91 and a quick ratio of 2.25. Applied Materials has a one year low of $29.85 and a one year high of $60.89. The firm has a market capitalization of $61,690.00, a P/E ratio of 18.93, a price-to-earnings-growth ratio of 0.90 and a beta of 1.85.
Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings data on Thursday, November 16th. The manufacturing equipment provider reported $0.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.02. Applied Materials had a net margin of 22.08% and a return on equity of 40.74%. The company had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.93 billion. During the same quarter last year, the company earned $0.66 earnings per share. Applied Materials’s revenue for the quarter was up 20.4% on a year-over-year basis. equities research analysts anticipate that Applied Materials will post 3.22 EPS for the current year.
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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 dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Wednesday, November 22nd. Applied Materials’s dividend payout ratio is currently 14.18%.
In related news, VP Thomas F. Larkins sold 30,000 shares of Applied Materials stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $51.24, for a total transaction of $1,537,200.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 disclosure for this sale can be found here. 0.31% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of AMAT. First Financial Equity Corporation bought a new stake in shares of Applied Materials during the first quarter valued at about $420,000. Janus Capital Management LLC raised its stake in shares of Applied Materials by 28.9% during the first quarter. Janus Capital Management LLC now owns 8,534,514 shares of the manufacturing equipment provider’s stock valued at $331,993,000 after purchasing an additional 1,912,105 shares in the last quarter. Bragg Financial Advisors Inc raised its stake in shares of Applied Materials by 4.9% during the first quarter. Bragg Financial Advisors Inc now owns 136,624 shares of the manufacturing equipment provider’s stock valued at $5,315,000 after purchasing an additional 6,438 shares in the last quarter. Hutchens Investment Management Inc bought a new stake in shares of Applied Materials during the first quarter valued at about $1,291,000. Finally, Brighton Jones LLC bought a new stake in shares of Applied Materials during the first quarter valued at about $219,000. Institutional investors and hedge funds own 79.35% of the company’s stock.
Applied Materials Company Profile
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