Applied Materials, Inc. (NASDAQ:AMAT) – Research analysts at DA Davidson increased their Q1 2018 earnings per share (EPS) estimates for Applied Materials in a note issued to investors on Friday. DA Davidson analyst T. Diffely now anticipates that the manufacturing equipment provider will post earnings of $0.98 per share for the quarter, up from their previous forecast of $0.92. DA Davidson currently has a “Buy” rating and a $55.00 target price on the stock. DA Davidson also issued estimates for Applied Materials’ Q2 2018 earnings at $0.99 EPS, Q3 2018 earnings at $1.00 EPS, FY2018 earnings at $3.90 EPS, Q1 2019 earnings at $1.03 EPS, Q2 2019 earnings at $1.09 EPS, Q3 2019 earnings at $1.18 EPS and Q4 2019 earnings at $1.20 EPS.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings results on Thursday, November 16th. The manufacturing equipment provider reported $0.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.02. The company had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $3.93 billion. Applied Materials had a return on equity of 41.51% and a net margin of 23.62%. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.66 earnings per share.

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Several other analysts have also recently weighed in on the company. Royal Bank Of Canada restated a “buy” rating on shares of Applied Materials in a report on Friday, October 27th. Bank of America Corporation upped their target price on Applied Materials from $65.00 to $76.00 and gave the company a “buy” rating in a report on Wednesday, November 15th. Credit Suisse Group reiterated a “buy” rating on shares of Applied Materials in a report on Tuesday, August 29th. Deutsche Bank AG reiterated a “buy” rating and issued a $58.00 target price on shares of Applied Materials in a report on Thursday, October 12th. Finally, Vetr upgraded Applied Materials from a “hold” rating to a “buy” rating and set a $48.70 target price on the stock in a report on Monday, July 31st. Two research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $60.79.

Applied Materials (NASDAQ:AMAT) traded up $0.88 during trading hours on Monday, hitting $58.50. The stock had a trading volume of 5,019,418 shares, compared to its average volume of 9,885,488. The company has a market capitalization of $62,500.00, a PE ratio of 17.38, a P/E/G ratio of 0.87 and a beta of 1.85. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.43 and a current ratio of 3.14. Applied Materials has a 52 week low of $29.85 and a 52 week high of $60.89.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC grew its stake in Applied Materials by 390.4% in the 2nd quarter. Janus Henderson Group PLC now owns 11,446,282 shares of the manufacturing equipment provider’s stock valued at $472,835,000 after purchasing an additional 9,112,328 shares during the period. Swedbank bought a new position in Applied Materials in the 2nd quarter valued at $135,363,000. Egerton Capital UK LLP grew its stake in Applied Materials by 23.2% in the 3rd quarter. Egerton Capital UK LLP now owns 16,919,928 shares of the manufacturing equipment provider’s stock valued at $881,359,000 after purchasing an additional 3,184,994 shares during the period. Capital Research Global Investors grew its stake in Applied Materials by 14.8% in the 2nd quarter. Capital Research Global Investors now owns 17,724,836 shares of the manufacturing equipment provider’s stock valued at $732,213,000 after purchasing an additional 2,284,836 shares during the period. Finally, Parametric Portfolio Associates LLC grew its stake in Applied Materials by 108.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 3,690,615 shares of the manufacturing equipment provider’s stock valued at $152,459,000 after purchasing an additional 1,922,233 shares during the period. 78.79% of the stock is owned by institutional investors and hedge funds.

In related news, Director Alexander Karsner sold 22,762 shares of the stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $44.03, for a total value of $1,002,210.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Thomas F. Larkins sold 30,000 shares of the stock in a transaction on Thursday, October 5th. The shares were 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. Corporate insiders own 0.31% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Friday, November 24th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Wednesday, November 22nd. Applied Materials’s payout ratio is currently 12.62%.

About Applied Materials

Earnings History and Estimates for Applied Materials (NASDAQ:AMAT)

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