Applied Materials Inc. (NASDAQ:AMAT) will be announcing its Q416 earnings results on Thursday, November 17th. Analysts expect the company to announce earnings of $0.65 per share and revenue of $3.31 billion for the quarter. Applied Materials has set its Q4 guidance at $0.61-0.69 EPS.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings results on Thursday, August 18th. The manufacturing equipment provider reported $0.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.02. Applied Materials had a net margin of 14.62% and a return on equity of 22.37%. The company earned $2.82 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same period last year, the firm earned $0.33 EPS. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, analysts expect Applied Materials to post $1.75 EPS for the current fiscal year and $2.22 EPS for the next fiscal year.

Earnings History for Applied Materials (NASDAQ:AMAT)

Shares of Applied Materials Inc. (NASDAQ:AMAT) opened at 29.61 on Wednesday. The stock’s 50 day moving average is $28.97 and its 200-day moving average is $26.46. The firm has a market capitalization of $32.01 billion, a P/E ratio of 23.35 and a beta of 1.86. Applied Materials Inc. has a 52-week low of $15.44 and a 52-week high of $31.07.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Friday, November 25th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Tuesday, November 22nd. Applied Materials’s dividend payout ratio is presently 31.25%.

In other Applied Materials news, insider Gary E. Dickerson sold 229,935 shares of the stock in a transaction on Friday, October 7th. The shares were sold at an average price of $29.71, for a total value of $6,831,368.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Omkaram Nalamasu sold 26,035 shares of the stock in a transaction on Friday, August 26th. The shares were sold at an average price of $30.15, for a total transaction of $784,955.25. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the stock. Wetherby Asset Management Inc. increased its stake in shares of Applied Materials by 3.0% in the second quarter. Wetherby Asset Management Inc. now owns 16,853 shares of the manufacturing equipment provider’s stock worth $404,000 after buying an additional 492 shares during the period. Veritable L.P. increased its stake in shares of Applied Materials by 1.9% in the second quarter. Veritable L.P. now owns 48,960 shares of the manufacturing equipment provider’s stock worth $1,174,000 after buying an additional 897 shares during the period. Ontario Teachers Pension Plan Board increased its stake in shares of Applied Materials by 1.6% in the second quarter. Ontario Teachers Pension Plan Board now owns 109,145 shares of the manufacturing equipment provider’s stock worth $2,616,000 after buying an additional 1,746 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Applied Materials by 4.6% in the second quarter. Janney Montgomery Scott LLC now owns 43,027 shares of the manufacturing equipment provider’s stock worth $803,000 after buying an additional 1,906 shares during the period. Finally, Paradigm Asset Management Co. LLC increased its stake in shares of Applied Materials by 1.0% in the second quarter. Paradigm Asset Management Co. LLC now owns 208,305 shares of the manufacturing equipment provider’s stock worth $4,993,000 after buying an additional 2,105 shares during the period. 83.73% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently weighed in on the stock. Berenberg Bank boosted their price objective on shares of Applied Materials from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, September 22nd. Pacific Crest reaffirmed a “buy” rating on shares of Applied Materials in a research report on Thursday, September 22nd. Nomura restated a “buy” rating and issued a $31.00 target price on shares of Applied Materials in a research report on Thursday, September 22nd. Deutsche Bank AG restated a “buy” rating and issued a $33.00 target price on shares of Applied Materials in a research report on Thursday, September 22nd. Finally, B. Riley restated a “buy” rating and issued a $39.00 target price on shares of Applied Materials in a research report on Wednesday, September 21st. Seven analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $31.20.

Applied Materials Company Profile

Applied Materials, Inc (Applied) provides manufacturing equipment, services and software to the semiconductor, display, solar photovoltaic (PV) and related industries across the world. The Company operates in four segments: Silicon Systems, Applied Global Services, Display, and Energy and Environmental Solutions.

5 Day Chart for NASDAQ:AMAT

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