Applied Materials, Inc. (NASDAQ:AMAT) has been given an average rating of “Buy” by the twenty-seven ratings firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $63.08.
A number of brokerages have recently commented on AMAT. ValuEngine raised shares of Applied Materials from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Vetr cut shares of Applied Materials from a “strong-buy” rating to a “buy” rating and set a $57.92 target price for the company. in a report on Thursday, February 1st. BidaskClub cut shares of Applied Materials from a “buy” rating to a “hold” rating in a report on Tuesday, January 30th. B. Riley reaffirmed a “buy” rating and issued a $71.00 target price on shares of Applied Materials in a report on Tuesday, January 16th. Finally, Susquehanna Bancshares raised shares of Applied Materials from a “neutral” rating to a “positive” rating and upped their target price for the company from $60.00 to $72.00 in a report on Tuesday, January 16th.
Shares of Applied Materials (NASDAQ:AMAT) opened at $45.75 on Friday. Applied Materials has a 1-year low of $34.58 and a 1-year high of $60.89. 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 company has a market cap of $48,200.00, a PE ratio of 14.43, a PEG ratio of 0.98 and a beta of 1.72.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 14th. Investors of record on Wednesday, February 21st will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, February 20th. This represents a $0.40 annualized dividend and a yield of 0.87%. Applied Materials’s dividend payout ratio is currently 12.62%.
In other Applied Materials news, VP Ali Salehpour sold 125,125 shares of the stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $51.47, for a total value of $6,440,183.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen R. Forrest sold 4,000 shares of the stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $53.67, for a total transaction of $214,680.00. The disclosure for this sale can be found here. Insiders have sold 312,716 shares of company stock valued at $16,218,746 over the last three months. 0.35% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of AMAT. Macquarie Group Ltd. increased its holdings in Applied Materials by 128.8% in the second quarter. Macquarie Group Ltd. now owns 251,054 shares of the manufacturing equipment provider’s stock valued at $10,372,000 after buying an additional 141,350 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Applied Materials in the second quarter valued at about $134,000. IHT Wealth Management LLC increased its holdings in Applied Materials by 67.8% in the second quarter. IHT Wealth Management LLC now owns 3,344 shares of the manufacturing equipment provider’s stock valued at $148,000 after buying an additional 1,351 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Applied Materials by 2.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 62,115 shares of the manufacturing equipment provider’s stock valued at $2,566,000 after buying an additional 1,646 shares in the last quarter. Finally, Crosslink Capital Inc. purchased a new position in Applied Materials in the second quarter valued at about $12,456,000. 80.07% of the stock is owned by institutional investors.
Applied Materials Company Profile
Applied Materials, Inc provides manufacturing equipment, services and software to the global semiconductor, display and related industries. The Company’s segments are Semiconductor Systems, which includes semiconductor capital equipment for etch, rapid thermal processing, deposition, chemical mechanical planarization, metrology and inspection, wafer packaging, and ion implantation; Applied Global Services, which provides integrated solutions to optimize equipment and fab performance and productivity; Display and Adjacent Markets, which includes products for manufacturing liquid crystal displays, organic light-emitting diodes, upgrades and roll-to-roll Web coating systems and other display technologies for televisions, personal computers, smart phones and other consumer-oriented devices, and Corporate and Other segment, which includes revenues from products, as well as costs of products sold for fabricating solar photovoltaic cells and modules, and certain operating expenses.
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