Applied Materials, Inc. (NASDAQ:AMAT) has been given a consensus rating of “Buy” by the twenty-six ratings firms that are covering the firm, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold recommendation and sixteen have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $51.17.

AMAT has been the subject of several recent research reports. Needham & Company LLC raised their target price on shares of Applied Materials from $52.00 to $56.00 and gave the company a “buy” rating in a report on Friday. Nomura set a $40.00 target price on shares of Applied Materials and gave the company a “hold” rating in a report on Friday, August 16th. UBS Group raised their target price on shares of Applied Materials from $45.00 to $49.00 and gave the company a “neutral” rating in a report on Friday, May 17th. Goldman Sachs Group downgraded shares of Applied Materials from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. Finally, Morgan Stanley raised their price target on shares of Applied Materials from $40.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Friday, August 16th.

In related news, Director Stephen R. Forrest sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $46.00, for a total value of $138,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dennis D. Powell sold 25,218 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $51.44, for a total transaction of $1,297,213.92. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMAT. Nuveen Asset Management LLC boosted its position in shares of Applied Materials by 2,914.1% in the second quarter. Nuveen Asset Management LLC now owns 11,359,951 shares of the manufacturing equipment provider’s stock worth $510,176,000 after acquiring an additional 10,983,055 shares during the last quarter. Invesco Ltd. boosted its position in shares of Applied Materials by 72.2% in the second quarter. Invesco Ltd. now owns 25,611,081 shares of the manufacturing equipment provider’s stock worth $1,150,193,000 after acquiring an additional 10,735,173 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Applied Materials by 34.2% in the second quarter. Price T Rowe Associates Inc. MD now owns 28,351,337 shares of the manufacturing equipment provider’s stock worth $1,273,259,000 after acquiring an additional 7,230,052 shares during the last quarter. Generation Investment Management LLP acquired a new stake in shares of Applied Materials in the second quarter worth approximately $204,994,000. Finally, FMR LLC boosted its position in shares of Applied Materials by 16.3% in the first quarter. FMR LLC now owns 26,027,352 shares of the manufacturing equipment provider’s stock worth $1,032,245,000 after acquiring an additional 3,656,960 shares during the last quarter. 79.88% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:AMAT traded up $0.10 during mid-day trading on Friday, hitting $51.35. 5,297,201 shares of the company’s stock traded hands, compared to its average volume of 7,718,235. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.72 and a current ratio of 2.65. The firm’s 50 day simple moving average is $48.05 and its 200 day simple moving average is $43.60. Applied Materials has a 1 year low of $28.79 and a 1 year high of $52.42. The company has a market cap of $47.63 billion, a PE ratio of 11.54, a price-to-earnings-growth ratio of 3.44 and a beta of 1.66.

Applied Materials (NASDAQ:AMAT) last posted its earnings results on Thursday, August 15th. The manufacturing equipment provider reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.04. Applied Materials had a net margin of 19.40% and a return on equity of 39.37%. The firm had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.53 billion. During the same period last year, the firm posted $1.20 EPS. The firm’s revenue for the quarter was down 14.4% on a year-over-year basis. On average, research analysts expect that Applied Materials will post 3 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $0.84 annualized dividend and a dividend yield of 1.64%. Applied Materials’s dividend payout ratio is currently 18.88%.

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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