Applied Materials, Inc. (NASDAQ:AMAT)‘s stock had its “buy” rating restated by B. Riley in a research note issued on Sunday. They currently have a $56.00 price objective on the manufacturing equipment provider’s stock. B. Riley’s price target suggests a potential upside of 21.42% from the company’s previous close.

Several other equities analysts have also recently weighed in on AMAT. UBS AG reaffirmed a “buy” rating and set a $44.00 target price on shares of Applied Materials in a research note on Monday, March 20th. Vetr raised shares of Applied Materials from a “buy” rating to a “strong-buy” rating and set a $42.81 target price for the company in a research note on Tuesday, April 11th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $35.00 target price on shares of Applied Materials in a research note on Tuesday, April 25th. Needham & Company LLC raised their target price on shares of Applied Materials from $43.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, May 15th. Finally, Stifel Nicolaus raised their target price on shares of Applied Materials from $42.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, May 15th. Four research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $46.56.

Applied Materials (NASDAQ:AMAT) traded up 1.81% on Friday, hitting $46.12. 8,085,735 shares of the stock were exchanged. Applied Materials has a 12 month low of $23.49 and a 12 month high of $47.86. The company has a 50-day moving average of $44.46 and a 200 day moving average of $38.54. The firm has a market cap of $49.56 billion, a P/E ratio of 19.07 and a beta of 1.81.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data on Thursday, May 18th. The manufacturing equipment provider reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.03. The firm had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.54 billion. Applied Materials had a net margin of 20.41% and a return on equity of 38.28%. The company’s revenue for the quarter was up 44.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.34 earnings per share. Equities research analysts expect that Applied Materials will post $3.10 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 24th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $0.40 annualized dividend and a yield of 0.87%. Applied Materials’s dividend payout ratio (DPR) is currently 16.46%.

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A number of institutional investors have recently added to or reduced their stakes in the stock. Legacy Private Trust Co. acquired a new position in Applied Materials during the second quarter valued at approximately $2,152,000. Winslow Evans & Crocker Inc. raised its position in Applied Materials by 19.9% in the second quarter. Winslow Evans & Crocker Inc. now owns 41,900 shares of the manufacturing equipment provider’s stock valued at $1,722,000 after buying an additional 6,950 shares during the period. D. Scott Neal Inc. acquired a new position in Applied Materials during the second quarter valued at approximately $146,000. CENTRAL TRUST Co raised its position in Applied Materials by 13.2% in the second quarter. CENTRAL TRUST Co now owns 13,064 shares of the manufacturing equipment provider’s stock valued at $540,000 after buying an additional 1,520 shares during the period. Finally, James Investment Research Inc. raised its position in Applied Materials by 1,033.4% in the second quarter. James Investment Research Inc. now owns 34,570 shares of the manufacturing equipment provider’s stock valued at $1,428,000 after buying an additional 31,520 shares during the period. Institutional investors and hedge funds own 79.99% of the company’s stock.

Applied Materials Company Profile

Analyst Recommendations for Applied Materials (NASDAQ:AMAT)

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