Applied Materials, Inc. (NASDAQ:AMAT)‘s stock had its “overweight” rating restated by research analysts at Morgan Stanley in a research report issued on Monday. They presently have a $52.00 price target on the manufacturing equipment provider’s stock. Morgan Stanley’s target price would suggest a potential upside of 18.78% from the company’s current price.

Several other research analysts have also recently commented on AMAT. B. Riley restated a “buy” rating and issued a $44.00 target price on shares of Applied Materials in a research report on Monday, May 15th. UBS AG restated a “buy” rating and issued a $51.00 target price (up previously from $44.00) on shares of Applied Materials in a research report on Wednesday, May 17th. Zacks Investment Research cut shares of Applied Materials from a “buy” rating to a “hold” rating in a research report on Monday. Cowen and Company restated a “buy” rating and issued a $50.00 target price on shares of Applied Materials in a research report on Friday, July 28th. Finally, Vetr upgraded shares of Applied Materials from a “buy” rating to a “strong-buy” rating and set a $48.16 target price for the company in a research report on Thursday. Five investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $46.60.

Shares of Applied Materials (NASDAQ:AMAT) traded up 1.62% during midday trading on Monday, reaching $43.78. 9,764,788 shares of the company were exchanged. Applied Materials has a 52-week low of $26.86 and a 52-week high of $47.86. The company’s 50-day moving average price is $44.25 and its 200 day moving average price is $41.14. The stock has a market capitalization of $47.05 billion, a price-to-earnings ratio of 18.11 and a beta of 1.82.

Applied Materials (NASDAQ:AMAT) last posted its earnings results on Thursday, May 18th. The manufacturing equipment provider reported $0.79 EPS for the quarter, topping the 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 firm had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.54 billion. During the same quarter in the prior year, the firm earned $0.34 EPS. Applied Materials’s quarterly revenue was up 44.7% on a year-over-year basis. On average, equities analysts predict that Applied Materials will post $3.11 earnings per share for the current year.

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Several large investors have recently modified their holdings of AMAT. Regentatlantic Capital LLC increased its stake in shares of Applied Materials by 0.3% in the first quarter. Regentatlantic Capital LLC now owns 18,738 shares of the manufacturing equipment provider’s stock valued at $729,000 after buying an additional 58 shares during the period. Atria Investments LLC increased its stake in shares of Applied Materials by 21.9% in the first quarter. Atria Investments LLC now owns 14,643 shares of the manufacturing equipment provider’s stock valued at $570,000 after buying an additional 2,631 shares during the period. Eastern Bank increased its stake in shares of Applied Materials by 5.2% in the first quarter. Eastern Bank now owns 6,842 shares of the manufacturing equipment provider’s stock valued at $266,000 after buying an additional 340 shares during the period. Fox Run Management L.L.C. purchased a new stake in shares of Applied Materials during the first quarter valued at approximately $568,000. Finally, Pinnacle Bank purchased a new stake in shares of Applied Materials during the first quarter valued at approximately $113,000. Institutional investors and hedge funds own 79.33% of the company’s stock.

About Applied Materials

Analyst Recommendations for Applied Materials (NASDAQ:AMAT)

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