Applied Materials, Inc. (NASDAQ:AMAT) has received an average rating of “Buy” from the twenty-eight analysts that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and sixteen have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $50.80.

Several analysts recently issued reports on the company. Zacks Investment Research cut Applied Materials from a “hold” rating to a “sell” rating in a research note on Wednesday, January 16th. ValuEngine cut Applied Materials from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Stifel Nicolaus cut their target price on Applied Materials from $63.00 to $53.00 and set a “buy” rating on the stock in a research note on Monday, February 11th. BidaskClub raised Applied Materials from a “hold” rating to a “buy” rating in a research note on Saturday, February 9th. Finally, DZ Bank cut Applied Materials from a “buy” rating to a “hold” rating in a research note on Friday, February 15th.

In other news, insider Omkaram Nalamasu sold 143,255 shares of Applied Materials stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $40.73, for a total transaction of $5,834,776.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephen R. Forrest sold 2,000 shares of Applied Materials stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $42.45, for a total transaction of $84,900.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 170,255 shares of company stock worth $6,987,176. Insiders own 0.44% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its holdings in Applied Materials by 47.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 20,336,220 shares of the manufacturing equipment provider’s stock worth $785,997,000 after acquiring an additional 6,531,516 shares during the last quarter. CI Investments Inc. raised its holdings in Applied Materials by 19.8% in the 3rd quarter. CI Investments Inc. now owns 1,757,200 shares of the manufacturing equipment provider’s stock worth $67,916,000 after acquiring an additional 290,100 shares during the last quarter. Martingale Asset Management L P raised its holdings in Applied Materials by 2.2% in the 3rd quarter. Martingale Asset Management L P now owns 144,748 shares of the manufacturing equipment provider’s stock worth $5,595,000 after acquiring an additional 3,107 shares during the last quarter. Capital International Investors purchased a new position in Applied Materials in the 3rd quarter worth approximately $338,188,000. Finally, Capital World Investors raised its holdings in Applied Materials by 154.9% in the 3rd quarter. Capital World Investors now owns 18,320,095 shares of the manufacturing equipment provider’s stock worth $708,072,000 after acquiring an additional 11,133,180 shares during the last quarter. Hedge funds and other institutional investors own 78.97% of the company’s stock.

Shares of NASDAQ AMAT traded down $0.28 during trading hours on Wednesday, hitting $42.71. The company’s stock had a trading volume of 5,139,852 shares, compared to its average volume of 10,654,947. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.72 and a quick ratio of 1.74. The stock has a market capitalization of $40.32 billion, a PE ratio of 9.60, a PEG ratio of 1.68 and a beta of 1.64. Applied Materials has a 12 month low of $28.79 and a 12 month high of $58.40.

Applied Materials (NASDAQ:AMAT) last posted its earnings results on Thursday, February 14th. The manufacturing equipment provider reported $0.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.02. The company had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.71 billion. Applied Materials had a return on equity of 58.28% and a net margin of 23.50%. Applied Materials’s quarterly revenue was down 10.7% on a year-over-year basis. During the same period last year, the firm earned $1.06 earnings per share. As a group, equities research analysts anticipate that Applied Materials will post 2.94 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 23rd will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.97%. This is a boost from Applied Materials’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Wednesday, May 22nd. Applied Materials’s payout ratio is presently 17.98%.

Applied Materials Company Profile

Applied Materials, Inc provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits.

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Analyst Recommendations for Applied Materials (NASDAQ:AMAT)

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