Applied Materials, Inc. (AMAT) Short Interest Update
Applied Materials, Inc. (NASDAQ:AMAT) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 13,219,715 shares, a decline of 7.6% from the May 31st total of 14,300,066 shares. Approximately 1.2% of the shares of the company are sold short. Based on an average trading volume of 11,175,359 shares, the short-interest ratio is currently 1.2 days.
Several equities analysts recently issued reports on AMAT shares. Royal Bank Of Canada restated a “hold” rating and issued a $35.00 price target on shares of Applied Materials in a research report on Tuesday, April 25th. Deutsche Bank AG restated a “buy” rating and issued a $48.00 price target (up previously from $45.00) on shares of Applied Materials in a research report on Friday, May 19th. Bank of America Corporation restated a “buy” rating and issued a $54.00 price target (up previously from $45.00) on shares of Applied Materials in a research report on Wednesday, May 17th. Stifel Nicolaus boosted their price target on Applied Materials from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Sunday, May 21st. Finally, Susquehanna Bancshares Inc restated a “neutral” rating and issued a $40.00 price target (up previously from $35.00) on shares of Applied Materials in a research report on Wednesday, May 17th. Four research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $44.89.
Shares of Applied Materials (AMAT) opened at 42.69 on Thursday. The firm has a market cap of $45.88 billion, a PE ratio of 17.66 and a beta of 1.81. Applied Materials has a 12-month low of $22.17 and a 12-month high of $47.86. The company has a 50 day moving average price of $44.26 and a 200-day moving average price of $38.08.
Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings data on Thursday, May 18th. The manufacturing equipment provider reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.03. Applied Materials had a net margin of 20.41% and a return on equity of 38.28%. The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.54 billion. During the same quarter last year, the business earned $0.34 earnings per share. The business’s revenue for the quarter was up 44.7% on a year-over-year basis. Analysts expect that Applied Materials will post $3.08 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 24th will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, August 22nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.94%. Applied Materials’s dividend payout ratio is presently 16.46%.
Several hedge funds and other institutional investors have recently bought and sold shares of AMAT. Teachers Advisors LLC raised its position in Applied Materials by 2.8% in the fourth quarter. Teachers Advisors LLC now owns 3,956,864 shares of the manufacturing equipment provider’s stock worth $127,688,000 after buying an additional 109,324 shares in the last quarter. Fisher Asset Management LLC bought a new position in Applied Materials during the first quarter worth approximately $371,000. Capital Management Corp VA raised its position in Applied Materials by 1.8% in the first quarter. Capital Management Corp VA now owns 231,324 shares of the manufacturing equipment provider’s stock worth $8,998,000 after buying an additional 4,076 shares in the last quarter. Oxford Asset Management bought a new position in Applied Materials during the first quarter worth approximately $4,956,000. Finally, Karp Capital Management Corp bought a new position in Applied Materials during the first quarter worth approximately $17,549,000. Institutional investors and hedge funds own 80.46% of the company’s stock.
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About Applied Materials
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