Applied Materials, Inc. (NASDAQ:AMAT)‘s stock had its “neutral” rating restated by equities research analysts at Susquehanna Bancshares Inc in a research report issued to clients and investors on Monday. They presently have a $42.00 price objective on the manufacturing equipment provider’s stock. Susquehanna Bancshares Inc’s price objective would suggest a potential downside of 5.51% from the stock’s current price.

Several other research firms also recently weighed in on AMAT. B. Riley reiterated a “buy” rating and issued a $44.00 target price on shares of Applied Materials in a report on Monday, May 15th. UBS AG reiterated a “buy” rating and issued a $51.00 target price (up previously from $44.00) on shares of Applied Materials in a report on Wednesday, May 17th. Instinet reiterated a “buy” rating and issued a $50.00 target price (up previously from $47.00) on shares of Applied Materials in a report on Monday. Nomura boosted their price target on shares of Applied Materials from $47.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, August 18th. Finally, Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $49.00 price target on shares of Applied Materials in a research note on Sunday. Four equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $51.44.

Shares of Applied Materials (NASDAQ:AMAT) traded down 0.88% during mid-day trading on Monday, reaching $44.06. The company had a trading volume of 3,243,825 shares. The firm has a 50 day moving average of $44.49 and a 200-day moving average of $41.46. Applied Materials has a one year low of $27.56 and a one year high of $47.86. The stock has a market capitalization of $47.19 billion, a P/E ratio of 15.66 and a beta of 1.82.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings results on Thursday, August 17th. The manufacturing equipment provider reported $0.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.02. The firm had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.69 billion. Applied Materials had a net margin of 22.08% and a return on equity of 40.74%. The business’s revenue for the quarter was up 32.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.50 EPS. Analysts forecast that Applied Materials will post $3.20 EPS for the current fiscal year.

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A number of large investors have recently made changes to their positions in the stock. Fisher Asset Management LLC acquired a new stake in shares of Applied Materials during the first quarter valued at about $371,000. IFC Holdings Incorporated FL raised its stake in shares of Applied Materials by 44.3% in the first quarter. IFC Holdings Incorporated FL now owns 59,874 shares of the manufacturing equipment provider’s stock valued at $2,334,000 after buying an additional 18,394 shares during the period. Rehmann Capital Advisory Group purchased a new stake in Applied Materials during the first quarter valued at $214,000. Mn Services Vermogensbeheer B.V. raised its stake in Applied Materials by 3.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 28,826 shares of the manufacturing equipment provider’s stock valued at $1,048,000 after buying an additional 928 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. raised its stake in Applied Materials by 18.9% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 10,948 shares of the manufacturing equipment provider’s stock valued at $426,000 after buying an additional 1,742 shares during the last quarter. 79.33% of the stock is currently owned by hedge funds and other institutional investors.

Applied Materials Company Profile

Analyst Recommendations for Applied Materials (NASDAQ:AMAT)

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