Vetr lowered shares of Applied Materials, Inc. (NASDAQ:AMAT) from a buy rating to a hold rating in a research report report published on Tuesday. They currently have $61.08 price objective on the manufacturing equipment provider’s stock.

Several other analysts have also recently weighed in on AMAT. B. Riley reaffirmed a buy rating and set a $61.00 price objective on shares of Applied Materials in a research note on Saturday, August 19th. Instinet reaffirmed a buy rating and set a $55.00 price objective (up from $50.00) on shares of Applied Materials in a research note on Saturday, September 30th. Needham & Company LLC upped their price objective on shares of Applied Materials to $66.00 and gave the stock a positive rating in a research note on Friday, November 17th. Craig Hallum reaffirmed a buy rating and set a $76.00 price objective (up from $60.00) on shares of Applied Materials in a research note on Thursday, September 28th. Finally, Stifel Nicolaus reaffirmed a buy rating on shares of Applied Materials in a research note on Sunday, October 1st. Two equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. Applied Materials currently has a consensus rating of Buy and an average target price of $60.85.

Shares of Applied Materials (NASDAQ AMAT) opened at $57.91 on Tuesday. The firm has a market cap of $61,514.97, a PE ratio of 17.75, a P/E/G ratio of 1.11 and a beta of 1.85. Applied Materials has a 52 week low of $29.85 and a 52 week high of $60.89. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.14 and a quick ratio of 2.43.

Applied Materials (NASDAQ:AMAT) last posted its earnings results on Thursday, November 16th. The manufacturing equipment provider reported $0.93 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.02. The business had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $3.93 billion. Applied Materials had a net margin of 23.62% and a return on equity of 41.51%. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.66 earnings per share. equities analysts expect that Applied Materials will post 3.93 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Friday, November 24th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.69%. Applied Materials’s payout ratio is 12.62%.

In other news, VP Thomas F. Larkins sold 30,000 shares of the company’s stock in a transaction that occurred on 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 document filed with the SEC, which is available through this hyperlink. 0.31% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Applied Materials by 2.3% in the second quarter. Vanguard Group Inc. now owns 75,084,373 shares of the manufacturing equipment provider’s stock valued at $3,101,736,000 after buying an additional 1,721,964 shares during the period. State Street Corp lifted its holdings in Applied Materials by 2.1% in the second quarter. State Street Corp now owns 48,897,158 shares of the manufacturing equipment provider’s stock valued at $2,019,939,000 after buying an additional 985,296 shares during the period. Capital Research Global Investors lifted its holdings in Applied Materials by 14.8% in the second quarter. Capital Research Global Investors now owns 17,724,836 shares of the manufacturing equipment provider’s stock valued at $732,213,000 after buying an additional 2,284,836 shares during the period. Egerton Capital UK LLP lifted its holdings in Applied Materials by 23.2% in the third quarter. Egerton Capital UK LLP now owns 16,919,928 shares of the manufacturing equipment provider’s stock valued at $881,359,000 after buying an additional 3,184,994 shares during the period. Finally, TIAA CREF Investment Management LLC lifted its holdings in Applied Materials by 7.6% in the second quarter. TIAA CREF Investment Management LLC now owns 13,751,324 shares of the manufacturing equipment provider’s stock valued at $568,067,000 after buying an additional 973,818 shares during the period. Institutional investors own 78.79% of the company’s stock.

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Applied Materials Company Profile

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Analyst Recommendations for Applied Materials (NASDAQ:AMAT)

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