Applied Materials (NASDAQ: AMAT) recently received a number of ratings updates from brokerages and research firms:

  • 9/21/2016 – Applied Materials had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $39.00 price target on the stock.
  • 9/19/2016 – Applied Materials was given a new $37.00 price target on by analysts at Citigroup Inc.. They now have a “buy” rating on the stock.
  • 9/16/2016 – Applied Materials had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $39.00 price target on the stock.
  • 9/16/2016 – Applied Materials had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $36.00 price target on the stock.
  • 9/16/2016 – Applied Materials had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $34.00 price target on the stock.
  • 8/24/2016 – Applied Materials had its “buy” rating reaffirmed by analysts at Argus. They now have a $34.00 price target on the stock.
  • 8/23/2016 – Applied Materials was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $34.00 price target on the stock. According to Zacks, “Applied Materials is one of the world’s largest suppliers of fabrication equipment to semiconductor, LCD and solar PV cell manufacturers. The company reported mixed third quarter fiscal 2016 results, wherein the bottom line came ahead of the Zacks Consensus Estimate but the top line fell short of the same.  Strength in 3D NAND, CVD, etch and ALD inspection, better utilization of resources and strong position in China are the major positives for the company. Nevertheless, high fixed cost structure and customer concentration remain concerns.”
  • 8/21/2016 – Applied Materials had its “amat ($29.20” rating reaffirmed by analysts at B. Riley. They now have a $39.00 price target on the stock.
  • 8/21/2016 – Applied Materials had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $34.00 price target on the stock, up previously from $29.00.
  • 8/21/2016 – Applied Materials was given a new $31.00 price target on by analysts at S&P Equity Research. They now have a “hold” rating on the stock.
  • 8/19/2016 – Applied Materials had its price target raised by analysts at Cowen and Company from $26.00 to $32.50. They now have an “outperform” rating on the stock.
  • 8/19/2016 – Applied Materials had its price target raised by analysts at Royal Bank Of Canada from $28.00 to $30.00. They now have a “sector perform” rating on the stock.
  • 8/19/2016 – Applied Materials had its price target raised by analysts at Citigroup Inc. from $31.00 to $32.00. They now have a “buy” rating on the stock.
  • 8/19/2016 – Applied Materials was given a new $33.00 price target on by analysts at Goldman Sachs Group Inc.. They now have a “buy” rating on the stock.
  • 8/19/2016 – Applied Materials had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $33.00 price target on the stock.
  • 8/18/2016 – Applied Materials had its “outperform” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $29.00 price target on the stock, up previously from $26.00.
  • 8/17/2016 – Applied Materials had its “sector perform” rating reaffirmed by analysts at RBC Capital Markets. They now have a $28.00 price target on the stock, up previously from $26.00.
  • 8/16/2016 – Applied Materials had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $33.00 price target on the stock.
  • 8/16/2016 – Applied Materials had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $32.00 price target on the stock, up previously from $28.00.
  • 8/16/2016 – Applied Materials had its “buy” rating reaffirmed by analysts at Morgan Stanley. They now have a $25.00 price target on the stock.
  • 8/15/2016 – Applied Materials had its price target raised by analysts at Stifel Nicolaus from $28.00 to $35.00. They now have a “buy” rating on the stock.
  • 8/11/2016 – Applied Materials had its price target raised by analysts at B. Riley from $27.00 to $33.00. They now have a “buy” rating on the stock.
  • 8/9/2016 – Applied Materials had its price target raised by analysts at Citigroup Inc. from $26.00 to $29.00. They now have an “outperform” rating on the stock.
  • 8/9/2016 – Applied Materials had its price target raised by analysts at Credit Suisse Group AG from $26.00 to $29.00. They now have an “outperform” rating on the stock.
  • 7/26/2016 – Applied Materials was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Applied Materials is one of the world’s largest suppliers of fabrication equipment to semiconductor, LCD and solar PV cell manufacturers. The company’s second quarter earnings and revenues beat the respective Zacks Consensus Estimates. Strength in 3D NAND, CVD and etch, better utilization of resources and strong position in China are the major positives for the company. Nevertheless,  high fixed cost structure and customer concentration remain concerns.”

Shares of Applied Materials Inc. (NASDAQ:AMAT) traded up 0.59% on Wednesday, reaching $30.57. The company had a trading volume of 21,285,337 shares. The stock has a market cap of $33.04 billion, a PE ratio of 24.11 and a beta of 1.79. Applied Materials Inc. has a 12 month low of $14.29 and a 12 month high of $30.78. The stock has a 50-day moving average price of $28.72 and a 200-day moving average price of $24.06.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data on Thursday, August 18th. The manufacturing equipment provider reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The company had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.84 billion. Applied Materials had a return on equity of 22.37% and a net margin of 14.62%. The firm’s revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.33 EPS. Analysts predict that Applied Materials Inc. will post $1.75 earnings per share for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Friday, November 25th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date is Tuesday, November 22nd. Applied Materials’s dividend payout ratio is 31.25%.

In related news, VP Omkaram Nalamasu sold 26,035 shares of the business’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $30.15, for a total value of $784,955.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephen R. Forrest sold 5,000 shares of the business’s stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $30.00, for a total value of $150,000.00. The disclosure for this sale can be found here. 0.25% of the stock is owned by insiders.

Applied Materials, Inc (Applied) provides manufacturing equipment, services and software to the semiconductor, display, solar photovoltaic (PV) and related industries across the world. The Company operates in four segments: Silicon Systems, Applied Global Services, Display, and Energy and Environmental Solutions.

5 Day Chart for NASDAQ:AMAT

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