Shares of Applied Materials, Inc. (NASDAQ:AMAT) have received an average recommendation of “Buy” from the twenty-four analysts that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $46.62.

A number of equities analysts have weighed in on the stock. Vetr raised shares of Applied Materials from a “hold” rating to a “buy” rating and set a $48.70 price objective for the company in a research report on Monday. B. Riley reissued a “buy” rating and issued a $56.00 price objective on shares of Applied Materials in a research report on Sunday, July 16th. DA Davidson reissued a “buy” rating and issued a $55.00 price objective on shares of Applied Materials in a research report on Monday, July 10th. Morgan Stanley reissued an “overweight” rating and issued a $52.00 price objective (up from $47.00) on shares of Applied Materials in a research report on Monday, July 10th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $55.00 price objective on shares of Applied Materials in a research report on Thursday, July 6th.

Shares of Applied Materials (NASDAQ:AMAT) traded down 0.13% during mid-day trading on Monday, hitting $46.75. The stock had a trading volume of 1,238,881 shares. Applied Materials has a 12-month low of $25.68 and a 12-month high of $47.86. The stock has a market cap of $50.24 billion, a P/E ratio of 19.33 and a beta of 1.81. The company’s 50 day moving average price is $44.47 and its 200 day moving average price is $39.76.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings results on Thursday, May 18th. The manufacturing equipment provider reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.03. Applied Materials had a net margin of 20.41% and a return on equity of 38.28%. The firm had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.54 billion. During the same period in the prior year, the company earned $0.34 EPS. The firm’s revenue was up 44.7% on a year-over-year basis. Equities research analysts predict that Applied Materials will post $3.11 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 24th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $0.40 annualized dividend and a dividend yield of 0.85%. Applied Materials’s payout ratio is currently 16.46%.

COPYRIGHT VIOLATION WARNING: This article was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://www.americanbankingnews.com/2017/07/24/applied-materials-inc-nasdaqamat-receives-consensus-recommendation-of-buy-from-brokerages.html.

Several large investors have recently made changes to their positions in AMAT. Reilly Financial Advisors LLC raised its stake in shares of Applied Materials by 78.0% in the first quarter. Reilly Financial Advisors LLC now owns 2,692 shares of the manufacturing equipment provider’s stock valued at $105,000 after buying an additional 1,180 shares during the last quarter. Pinnacle Bank purchased a new stake in shares of Applied Materials during the first quarter valued at approximately $113,000. State of Alaska Department of Revenue purchased a new stake in shares of Applied Materials during the first quarter valued at approximately $114,000. James Investment Research Inc. raised its stake in shares of Applied Materials by 90.6% in the first quarter. James Investment Research Inc. now owns 3,050 shares of the manufacturing equipment provider’s stock valued at $119,000 after buying an additional 1,450 shares during the last quarter. Finally, Clean Yield Group purchased a new stake in shares of Applied Materials during the first quarter valued at approximately $124,000. Institutional investors own 80.18% of the company’s stock.

Applied Materials Company Profile

Analyst Recommendations for Applied Materials (NASDAQ:AMAT)

Receive News & Ratings for Applied Materials Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Materials Inc. and related companies with MarketBeat.com's FREE daily email newsletter.