Deutsche Bank AG restated their buy rating on shares of Applied Materials, Inc. (NASDAQ:AMAT) in a research note published on Thursday. The brokerage currently has a $58.00 price target on the manufacturing equipment provider’s stock.

AMAT has been the topic of a number of other research reports. Citigroup Inc. reissued a buy rating and issued a $58.00 target price on shares of Applied Materials in a research report on Thursday. Evercore ISI reissued an outperform rating and issued a $65.00 target price (up previously from $56.00) on shares of Applied Materials in a research report on Saturday, September 30th. Instinet reissued a buy rating and issued a $55.00 target price (up previously from $50.00) on shares of Applied Materials in a research report on Saturday, September 30th. B. Riley reissued a buy rating and issued a $63.00 target price on shares of Applied Materials in a research report on Saturday, September 30th. Finally, Stifel Nicolaus reissued a buy rating on shares of Applied Materials in a research report on Sunday, October 1st. Three equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $56.64.

Shares of Applied Materials (AMAT) traded up 1.18% on Thursday, reaching $53.94. The company had a trading volume of 10,208,344 shares. The company’s 50 day moving average price is $48.27 and its 200-day moving average price is $44.37. The stock has a market capitalization of $57.53 billion, a P/E ratio of 19.18 and a beta of 1.86. Applied Materials has a 1-year low of $27.74 and a 1-year high of $54.13.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings results on Thursday, August 17th. The manufacturing equipment provider reported $0.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.02. The firm had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.69 billion. Applied Materials had a net margin of 22.08% and a return on equity of 40.74%. The business’s revenue for the quarter was up 32.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.50 EPS. Equities analysts predict that Applied Materials will post $3.21 EPS for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Friday, November 24th will be issued a $0.10 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.74%. Applied Materials’s payout ratio is 14.18%.

In other news, Director Alexander Karsner sold 22,762 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $44.03, for a total value of $1,002,210.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Thomas F. Larkins sold 30,000 shares of the company’s 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 disclosure for this sale can be found here. 0.31% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in AMAT. BlackRock Inc. raised its holdings in shares of Applied Materials by 2,063.7% in the first quarter. BlackRock Inc. now owns 67,009,706 shares of the manufacturing equipment provider’s stock valued at $2,606,676,000 after buying an additional 63,912,660 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of Applied Materials by 390.4% in the second quarter. Janus Henderson Group PLC now owns 11,446,282 shares of the manufacturing equipment provider’s stock valued at $472,835,000 after buying an additional 9,112,328 shares during the last quarter. FMR LLC raised its holdings in shares of Applied Materials by 16.8% in the first quarter. FMR LLC now owns 32,013,147 shares of the manufacturing equipment provider’s stock valued at $1,245,311,000 after buying an additional 4,604,275 shares during the last quarter. Swedbank purchased a new stake in shares of Applied Materials in the second quarter valued at about $135,363,000. Finally, MARSHALL WACE ASIA Ltd purchased a new stake in shares of Applied Materials in the first quarter valued at about $113,715,000. 79.48% of the stock is owned by institutional investors and hedge funds.

About Applied Materials

Analyst Recommendations for Applied Materials (NASDAQ:AMAT)

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