Recent Analysts’ Ratings Changes for Applied Materials (AMAT)

Applied Materials (NASDAQ: AMAT) has recently received a number of price target changes and ratings updates:

  • 12/7/2017 – Applied Materials was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 12/5/2017 – Applied Materials is now covered by analysts at Wells Fargo & Company. They set an “outperform” rating and a $65.00 price target on the stock.
  • 12/1/2017 – Applied Materials was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Applied Materials is currently riding on inflection-focused innovation strategy which is its primary growth driver. The company continues to witness technological advancements in semiconductor and display areas. Applied Materials is in a great position to grow sustainably and profitably based on its strong pipeline of enabling technologies, supported by expanding opportunities on the semiconductor and display fronts. 3D NAND, DRAM and patterning have led to significant market share gains. Nevertheless, high fixed cost structure and customer concentration remain concerns. Year to date, the stock has outperformed the industry it belongs to.”
  • 11/28/2017 – Applied Materials was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $64.00 price target on the stock. According to Zacks, “Applied Materials is one of the world’s largest suppliers of fabrication equipment to semiconductor, LCD and solar PV cell manufacturers. The company reported robust fiscal fourth-quarter 2017 results, with both the top and the bottom lines surpassing the Zacks Consensus Estimate. Inflection-focused innovation strategy was the primary growth driver. The company continues to witness technological advancements in semiconductor and display areas. Applied Materials is in a great position to grow sustainably and profitably based on its strong pipeline of enabling technologies, supported by expanding opportunities on the semiconductor, service and display fronts. Nevertheless, high fixed cost structure and customer concentration remain concerns. Year to date, the stock has outperformed the industry it belongs to.”
  • 11/27/2017 – Applied Materials was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $61.64 price target on the stock.
  • 11/23/2017 – Applied Materials was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Applied Materials is one of the world’s largest suppliers of fabrication equipment to semiconductor, LCD and solar PV cell manufacturers. The company reported robust fiscal fourth-quarter 2017 results, with both the top and the bottom lines surpassing the Zacks Consensus Estimate. Inflection-focused innovation strategy was the primary growth driver. The company continues to witness technological advancements in semiconductor and display areas. Applied Materials is in a great position to grow sustainably and profitably based on its strong pipeline of enabling technologies, supported by expanding opportunities on the semiconductor, service and display fronts. Nevertheless, high fixed cost structure and customer concentration remain concerns. Year to date, the stock has outperformed the industry it belongs to.”
  • 11/21/2017 – Applied Materials was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $61.08 price target on the stock.
  • 11/21/2017 – Applied Materials had its “buy” rating reaffirmed by analysts at Nomura. They now have a $65.00 price target on the stock, up previously from $55.00.
  • 11/20/2017 – Applied Materials had its price target raised by analysts at Citigroup Inc. from $60.00 to $70.00. They now have a “buy” rating on the stock.
  • 11/20/2017 – Applied Materials was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $60.07 price target on the stock.
  • 11/17/2017 – Applied Materials had its price target raised by analysts at J P Morgan Chase & Co to $70.00. They now have an “overweight” rating on the stock.
  • 11/17/2017 – Applied Materials had its price target raised by analysts at Deutsche Bank AG from $58.00 to $65.00. They now have a “buy” rating on the stock.
  • 11/17/2017 – Applied Materials had its price target raised by analysts at Needham & Company LLC to $66.00. They now have a “positive” rating on the stock.
  • 11/17/2017 – Applied Materials had its price target raised by analysts at Credit Suisse Group AG from $62.00 to $72.00. They now have an “outperform” rating on the stock.
  • 11/17/2017 – Applied Materials had its price target raised by analysts at Royal Bank of Canada from $55.00 to $64.00. They now have an “outperform” rating on the stock.
  • 11/15/2017 – Applied Materials had its price target raised by analysts at Bank of America Corp from $65.00 to $76.00. They now have a “buy” rating on the stock.
  • 11/13/2017 – Applied Materials had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $63.00 price target on the stock.
  • 10/27/2017 – Applied Materials had its “buy” rating reaffirmed by analysts at Royal Bank of Canada.

Applied Materials, Inc. (NASDAQ AMAT) opened at $51.31 on Friday. The company has a quick ratio of 2.43, a current ratio of 3.14 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $53,825.60, a PE ratio of 15.53, a PEG ratio of 0.96 and a beta of 1.80. Applied Materials, Inc. has a 1-year low of $31.66 and a 1-year high of $60.89.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data on Thursday, November 16th. The manufacturing equipment provider reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. The business had revenue of $3.97 billion for the quarter, compared to analyst estimates of $3.93 billion. Applied Materials had a return on equity of 41.51% and a net margin of 23.62%. The company’s revenue was up 20.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.66 earnings per share. sell-side analysts anticipate that Applied Materials, Inc. will post 3.95 EPS for the current fiscal year.

In related news, Director Stephen R. Forrest sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $58.00, for a total transaction of $290,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Thomas F. Larkins sold 30,000 shares of the firm’s stock in a transaction dated Thursday, October 5th. The stock was 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 currently owned by corporate insiders.

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