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Applied Materials (NASDAQ:AMAT)‘s stock had its “buy” rating reaffirmed by equities researchers at DA Davidson in a research report issued on Friday. They currently have a $21.00 price target on the stock, down from their previous price target of $25.00. DA Davidson’s target price points to a potential downside of 3.45% from the stock’s previous close.

Shares of Applied Materials (NASDAQ:AMAT) opened at 21.75 on Friday. Applied Materials has a 52-week low of $14.62 and a 52-week high of $22.10. The stock has a 50-day moving average of $19.99 and a 200-day moving average of $18.70. The company has a market cap of $26.478 billion and a P/E ratio of 31.09.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings data on Thursday, May 15th. The company reported $0.28 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.28. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.35 billion. On average, analysts predict that Applied Materials will post $1.07 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, September 11th. Investors of record on Thursday, August 21st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Tuesday, August 19th.

AMAT has been the subject of a number of other recent research reports. Analysts at S&P Equity Research upgraded shares of Applied Materials from a “hold” rating to a “strong-buy” rating in a research note on Monday. Separately, analysts at Jefferies Group initiated coverage on shares of Applied Materials in a research note on Monday, June 2nd. They set a “buy” rating and a $28.00 price target on the stock. Finally, analysts at Susquehanna raised their price target on shares of Applied Materials from $13.00 to $15.00 in a research note on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company. Applied Materials presently has a consensus rating of “Buy” and a consensus price target of $21.17.

Applied Materials, Inc (NASDAQ:AMAT) provides manufacturing equipment, services and software to the global semiconductor, flat panel display, solar photovoltaic (PV) and related industries.

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