Applied Materials, Inc. (NASDAQ:AMAT)‘s stock had its “buy” rating restated by Royal Bank Of Canada in a research report issued on Friday.

A number of other analysts have also commented on the company. Credit Suisse Group restated a “buy” rating on shares of Applied Materials in a report on Tuesday, August 29th. Vetr upgraded 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. Stifel Nicolaus restated a “buy” rating and set a $55.00 target price on shares of Applied Materials in a report on Thursday, July 6th. Deutsche Bank AG restated a “buy” rating and set a $58.00 target price on shares of Applied Materials in a report on Thursday, October 12th. Finally, Goldman Sachs Group, Inc. (The) upgraded Applied Materials from a “neutral” rating to a “buy” rating and raised their target price for the stock from $49.00 to $52.00 in a report on Wednesday, September 13th. Three research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $56.64.

Shares of Applied Materials (NASDAQ AMAT) opened at 56.69 on Friday. The stock has a market cap of $60.46 billion, a PE ratio of 20.15 and a beta of 1.86. The company’s 50-day moving average is $50.51 and its 200 day moving average is $45.34. Applied Materials has a 52 week low of $28.02 and a 52 week high of $56.82.

Applied Materials (NASDAQ:AMAT) last announced its earnings results on Thursday, August 17th. The manufacturing equipment provider reported $0.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.02. Applied Materials had a return on equity of 40.74% and a net margin of 22.08%. The company had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same period last year, the company posted $0.50 earnings per share. The firm’s quarterly revenue was up 32.7% compared to the same quarter last year. Analysts forecast that Applied Materials will post $3.21 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This news story was posted by American Banking News and is owned by of American Banking News. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & international copyright & trademark laws. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/10/28/applied-materials-inc-amat-rating-reiterated-by-royal-bank-of-canada.html.

In other news, VP Thomas F. Larkins sold 30,000 shares of the company’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $51.24, for a total transaction of $1,537,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alexander Karsner sold 22,762 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $44.03, for a total value of $1,002,210.86. The disclosure for this sale can be found here. Insiders own 0.31% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Applied Materials by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 75,084,373 shares of the manufacturing equipment provider’s stock worth $3,101,736,000 after purchasing an additional 1,721,964 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Applied Materials by 39.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 72,274,574 shares of the manufacturing equipment provider’s stock worth $1,349,366,000 after purchasing an additional 20,581,956 shares in the last quarter. BlackRock Inc. increased its holdings in Applied Materials by 2,063.7% in the 1st quarter. BlackRock Inc. now owns 67,009,706 shares of the manufacturing equipment provider’s stock worth $2,606,676,000 after purchasing an additional 63,912,660 shares in the last quarter. State Street Corp increased its holdings in Applied Materials by 2.1% in the 2nd quarter. State Street Corp now owns 48,897,158 shares of the manufacturing equipment provider’s stock worth $2,019,939,000 after purchasing an additional 985,296 shares in the last quarter. Finally, Harris Associates L P increased its holdings in Applied Materials by 6.7% in the 4th quarter. Harris Associates L P now owns 44,891,908 shares of the manufacturing equipment provider’s stock worth $838,132,000 after purchasing an additional 2,826,384 shares in the last quarter. Hedge funds and other institutional investors own 79.32% 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.