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Analysts at Stifel Nicolaus lifted their price objective on shares of Applied Materials (NASDAQ:AMAT) from $23.00 to $25.00 in a research report issued to clients and investors on Friday. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 11.61% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of Applied Materials from $18.00 to $22.00 in a research note on Friday. They now have a “hold” rating on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Applied Materials in a research note on Wednesday. They now have a $26.00 price target on the stock, up previously from $22.00. Finally, analysts at DA Davidson reiterated a “buy” rating on shares of Applied Materials in a research note on Friday, June 13th. They now have a $21.00 price target on the stock, down previously from $25.00. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $21.64.

Shares of Applied Materials (NASDAQ:AMAT) traded down 0.09% on Friday, hitting $22.40. The stock had a trading volume of 9,171,848 shares. Applied Materials has a 1-year low of $14.67 and a 1-year high of $23.22. The stock’s 50-day moving average is $21.13 and its 200-day moving average is $19.12. The company has a market cap of $27.270 billion and a price-to-earnings ratio of 31.85. Applied Materials also was the recipient of a significant decline in short interest during the month of June. As of June 13th, there was short interest totalling 71,699,600 shares, a decline of 7.3% from the May 30th total of 77,360,636 shares. Approximately 5.9% of the shares of the company are sold short. Based on an average daily trading volume, of 14,847,620 shares, the days-to-cover ratio is presently 4.8 days.

Applied Materials (NASDAQ:AMAT) last announced its earnings results on Thursday, May 15th. The company reported $0.28 EPS for the quarter, meeting the Thomson Reuters 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 announced a quarterly dividend, which is scheduled for Thursday, September 11th. Investors of record on Thursday, August 21st will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Tuesday, August 19th.

In other Applied Materials news, Director Thomas J. Iannotti sold 20,000 shares of the company’s stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $22.73, for a total transaction of $454,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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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