Applied Materials, Inc. (NASDAQ:AMAT) – Investment analysts at KeyCorp issued their Q1 2018 EPS estimates for shares of Applied Materials in a note issued to investors on Monday. KeyCorp analyst W. Twigg expects that the manufacturing equipment provider will post earnings of $0.74 per share for the quarter. KeyCorp also issued estimates for Applied Materials’ Q2 2018 earnings at $0.82 EPS, Q3 2018 earnings at $0.85 EPS and Q4 2018 earnings at $0.83 EPS.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings results on Thursday, May 18th. The manufacturing equipment provider reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.03. The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.54 billion. Applied Materials had a return on equity of 38.28% and a net margin of 20.41%. The business’s quarterly revenue was up 44.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.34 EPS.

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AMAT has been the topic of several other reports. Bank of America Corporation reaffirmed a “buy” rating and set a $65.00 target price (up from $58.00) on shares of Applied Materials in a report on Sunday, June 11th. Vetr raised Applied Materials from a “buy” rating to a “strong-buy” rating and set a $46.48 target price on the stock in a report on Thursday, June 29th. B. Riley reaffirmed a “buy” rating and set a $56.00 target price on shares of Applied Materials in a report on Saturday, May 20th. Cowen and Company raised their target price on Applied Materials from $45.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, May 19th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $35.00 price objective on shares of Applied Materials in a report on Tuesday, April 25th. Four analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Applied Materials currently has an average rating of “Buy” and a consensus target price of $46.62.

Shares of Applied Materials (NASDAQ AMAT) traded up 1.53% on Wednesday, hitting $47.11. The company had a trading volume of 4,798,308 shares. The company has a market capitalization of $50.63 billion, a price-to-earnings ratio of 19.48 and a beta of 1.81. The stock’s 50-day moving average is $44.49 and its 200 day moving average is $40.03. Applied Materials has a 52 week low of $25.68 and a 52 week high of $47.86.

Hedge funds and other institutional investors have recently modified their holdings of the company. Teachers Advisors LLC raised its position in shares of 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 valued at $127,688,000 after buying an additional 109,324 shares during the period. Fisher Asset Management LLC purchased a new position in shares of Applied Materials during the first quarter valued at $371,000. Capital Management Corp VA raised its position in shares of 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 valued at $8,998,000 after buying an additional 4,076 shares during the period. Oxford Asset Management purchased a new position in shares of Applied Materials during the first quarter valued at $4,956,000. Finally, Karp Capital Management Corp purchased a new position in shares of Applied Materials during the first quarter valued at $17,549,000. 80.18% of the stock is currently owned by institutional investors and hedge funds.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 24th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Tuesday, August 22nd. Applied Materials’s dividend payout ratio (DPR) is currently 16.46%.

About Applied Materials

Earnings History and Estimates for Applied Materials (NASDAQ:AMAT)

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