Applied Materials, Inc. (AMAT) Stock Rating Reaffirmed by Deutsche Bank AG
Applied Materials, Inc. (NASDAQ:AMAT)‘s stock had its “buy” rating reissued by research analysts at Deutsche Bank AG in a report issued on Thursday. They presently have a $58.00 price target on the manufacturing equipment provider’s stock. Deutsche Bank AG’s target price points to a potential upside of 8.96% from the stock’s previous close.
A number of other analysts have also issued reports on AMAT. Vetr upgraded shares of Applied Materials from a “hold” rating to a “buy” rating and set a $45.72 price target for the company in a research note on Thursday, June 22nd. Stifel Nicolaus restated a “buy” rating and issued a $55.00 price target on shares of Applied Materials in a research note on Thursday, July 6th. Morgan Stanley restated an “overweight” rating and issued a $52.00 price target (up previously from $47.00) on shares of Applied Materials in a research note on Monday, July 10th. DA Davidson restated a “buy” rating and issued a $55.00 price target on shares of Applied Materials in a research note on Monday, July 10th. Finally, B. Riley restated a “buy” rating and issued a $56.00 price target on shares of Applied Materials in a research note on Tuesday, July 11th. Three equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $56.64.
Shares of Applied Materials (NASDAQ AMAT) traded up 1.268% during midday trading on Thursday, hitting $53.905. 8,944,547 shares of the company’s stock were exchanged. Applied Materials has a 1-year low of $27.56 and a 1-year high of $54.13. The stock’s 50 day moving average is $47.57 and its 200-day moving average is $44.16. The stock has a market cap of $57.49 billion, a PE ratio of 19.163 and a beta of 1.86.
Applied Materials (NASDAQ:AMAT) last posted its earnings results on Thursday, August 17th. The manufacturing equipment provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. Applied Materials had a net margin of 22.08% and a return on equity of 40.74%. The business had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.69 billion. During the same period in the previous year, the company posted $0.50 earnings per share. The business’s revenue for the quarter was up 32.7% compared to the same quarter last year. Analysts predict that Applied Materials will post $3.21 earnings per share for the current fiscal year.
WARNING: “Applied Materials, Inc. (AMAT) Stock Rating Reaffirmed by Deutsche Bank AG” was first posted by American Banking News and is owned by of American Banking News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this piece can be read at https://www.americanbankingnews.com/2017/10/12/applied-materials-inc-amat-stock-rating-reaffirmed-by-deutsche-bank-ag.html.
In other news, Director Alexander Karsner sold 22,762 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $44.03, for a total value of $1,002,210.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Thomas F. Larkins sold 30,000 shares of the stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $51.24, for a total value of $1,537,200.00. The disclosure for this sale can be found here. 0.31% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of AMAT. MPS Loria Financial Planners LLC acquired a new position in shares of Applied Materials in the second quarter valued at $109,000. Wunderlich Capital Managemnt raised its stake in shares of Applied Materials by 2.9% in the second quarter. Wunderlich Capital Managemnt now owns 3,037 shares of the manufacturing equipment provider’s stock valued at $125,000 after purchasing an additional 87 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of Applied Materials by 145.4% in the second quarter. Bessemer Group Inc. now owns 3,067 shares of the manufacturing equipment provider’s stock valued at $126,000 after purchasing an additional 1,817 shares in the last quarter. Hanson McClain Inc. raised its stake in shares of Applied Materials by 4.3% in the first quarter. Hanson McClain Inc. now owns 3,360 shares of the manufacturing equipment provider’s stock valued at $131,000 after purchasing an additional 139 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Applied Materials in the second quarter valued at $134,000. 79.48% of the stock is owned by institutional investors.
About Applied Materials
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.