Applied Materials Inc. (NASDAQ:AMAT) was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Tuesday. They presently have a $35.25 price objective on the manufacturing equipment provider’s stock. Vetr‘s price objective indicates a potential upside of 10.57% from the company’s previous close.

A number of other research analysts have also commented on AMAT. B. Riley reaffirmed a “buy” rating and set a $39.00 price target on shares of Applied Materials in a research report on Friday, September 16th. Bank of America Corp. set a $35.00 price target on Applied Materials and gave the company a “buy” rating in a research report on Saturday, November 19th. S&P Equity Research set a $31.00 price target on Applied Materials and gave the company a “hold” rating in a research report on Sunday, August 21st. Goldman Sachs Group Inc. set a $33.00 price target on Applied Materials and gave the company a “buy” rating in a research report on Friday, August 19th. Finally, Nomura reiterated a “buy” rating and set a $31.00 target price on shares of Applied Materials in a report on Thursday, September 22nd. Five research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $31.95.

Analyst Recommendations for Applied Materials (NASDAQ:AMAT)

Applied Materials (NASDAQ:AMAT) opened at 31.88 on Tuesday. The company has a market cap of $34.46 billion, a price-to-earnings ratio of 20.70 and a beta of 1.86. The stock has a 50 day moving average price of $29.18 and a 200-day moving average price of $26.89. Applied Materials has a 12-month low of $15.44 and a 12-month high of $31.95.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings results on Thursday, November 17th. The manufacturing equipment provider reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.01. The business earned $3.30 billion during the quarter, compared to analyst estimates of $3.31 billion. Applied Materials had a return on equity of 28.09% and a net margin of 15.90%. Applied Materials’s quarterly revenue was up 39.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.29 EPS. On average, analysts predict that Applied Materials will post $2.37 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Friday, November 25th will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, November 22nd. This represents a $0.40 annualized dividend and a yield of 1.25%. Applied Materials’s dividend payout ratio is currently 25.64%.

In related news, VP Omkaram Nalamasu sold 99,491 shares of Applied Materials stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $30.15, for a total value of $2,999,653.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Gary E. Dickerson sold 229,935 shares of Applied Materials stock in a transaction dated Friday, October 7th. The stock was sold at an average price of $29.71, for a total value of $6,831,368.85. The disclosure for this sale can be found here. 0.25% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMAT. NEXT Financial Group Inc increased its stake in shares of Applied Materials by 406.1% in the second quarter. NEXT Financial Group Inc now owns 6,605 shares of the manufacturing equipment provider’s stock valued at $158,000 after buying an additional 5,300 shares during the last quarter. Raymond James Trust N.A. increased its stake in shares of Applied Materials by 6.7% in the second quarter. Raymond James Trust N.A. now owns 165,371 shares of the manufacturing equipment provider’s stock valued at $3,965,000 after buying an additional 10,442 shares during the last quarter. Park National Corp OH increased its stake in shares of Applied Materials by 4.0% in the second quarter. Park National Corp OH now owns 12,052 shares of the manufacturing equipment provider’s stock valued at $289,000 after buying an additional 460 shares during the last quarter. Pensionfund DSM Netherlands purchased a new stake in shares of Applied Materials during the second quarter valued at about $4,195,000. Finally, Pensionfund Sabic purchased a new stake in shares of Applied Materials during the second quarter valued at about $1,966,000. Institutional investors own 81.44% of the company’s stock.

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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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