Applied Materials (NASDAQ:AMAT) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a report released on Wednesday.

A number of other analysts have also recently issued reports on the company. Zacks Investment Research raised Applied Materials from a “hold” rating to a “strong-buy” rating and set a $59.00 target price for the company in a research note on Friday, December 15th. Wells Fargo & Co began coverage on Applied Materials in a research note on Tuesday, December 5th. They set an “outperform” rating and a $65.00 target price for the company. Vetr raised shares of Applied Materials from a “hold” rating to a “buy” rating and set a $61.64 price target for the company in a research note on Monday, November 27th. Nomura reaffirmed a “buy” rating and set a $65.00 price target (up from $55.00) on shares of Applied Materials in a research note on Tuesday, November 21st. Finally, Citigroup raised their price target on shares of Applied Materials from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, November 20th. One equities research analyst has rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $60.95.

Applied Materials (NASDAQ:AMAT) opened at $52.06 on Wednesday. The company has a current ratio of 3.14, a quick ratio of 2.43 and a debt-to-equity ratio of 0.57. Applied Materials has a 52-week low of $31.66 and a 52-week high of $60.89. The stock has a market cap of $55,520.00, a PE ratio of 16.42, a price-to-earnings-growth ratio of 1.01 and a beta of 1.80.

Applied Materials (NASDAQ:AMAT) last released its earnings results on Thursday, November 16th. The manufacturing equipment provider reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. The company had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.93 billion. Applied Materials had a net margin of 23.62% and a return on equity of 41.51%. The company’s revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.66 EPS. equities research analysts anticipate that Applied Materials will post 4.04 earnings per share for the current year.

In other Applied Materials news, VP Thomas F. Larkins sold 30,000 shares of the firm’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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen R. Forrest sold 5,000 shares of the firm’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $58.00, for a total value of $290,000.00. The disclosure for this sale can be found here. Corporate insiders own 0.31% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. LeJeune Puetz Investment Counsel LLC bought a new position in shares of Applied Materials in the third quarter worth $105,000. MPS Loria Financial Planners LLC bought a new position in shares of Applied Materials in the second quarter worth $109,000. First Personal Financial Services increased its position in shares of Applied Materials by 281.5% in the third quarter. First Personal Financial Services now owns 2,575 shares of the manufacturing equipment provider’s stock worth $134,000 after purchasing an additional 1,900 shares during the period. Zions Bancorporation increased its position in shares of Applied Materials by 349.1% in the third quarter. Zions Bancorporation now owns 2,636 shares of the manufacturing equipment provider’s stock worth $137,000 after purchasing an additional 2,049 shares during the period. Finally, Mosaic Family Wealth LLC increased its position in shares of Applied Materials by 56.1% in the third quarter. Mosaic Family Wealth LLC now owns 2,737 shares of the manufacturing equipment provider’s stock worth $142,000 after purchasing an additional 984 shares during the period. 79.02% of the stock is owned by institutional investors and hedge funds.

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Applied Materials Company Profile

Analyst Recommendations for Applied Materials (NASDAQ:AMAT)

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