Applied Materials (NASDAQ:AMAT) had its price target lifted by UBS Group from $48.00 to $51.00 in a report published on Thursday, AnalystRatings.com reports. UBS Group currently has a sell rating on the manufacturing equipment provider’s stock.

A number of other research firms also recently weighed in on AMAT. Stifel Nicolaus lifted their target price on Applied Materials from $72.00 to $80.00 and gave the stock a buy rating in a research report on Thursday. Deutsche Bank raised Applied Materials from a hold rating to a buy rating and lifted their target price for the stock from $60.00 to $72.00 in a research report on Sunday, February 2nd. Argus reissued a buy rating and set a $72.00 target price on shares of Applied Materials in a research report on Monday, November 18th. They noted that the move was a valuation call. Morgan Stanley lifted their target price on Applied Materials from $68.00 to $69.00 and gave the stock an equal weight rating in a research report on Monday. Finally, DZ Bank downgraded Applied Materials from a hold rating to a sell rating and set a $46.00 target price on the stock. in a research report on Tuesday, October 29th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nineteen have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $71.04.

Shares of NASDAQ:AMAT traded down $0.52 during midday trading on Thursday, hitting $66.85. The company’s stock had a trading volume of 8,094,968 shares, compared to its average volume of 7,525,363. The stock has a market capitalization of $57.80 billion, a price-to-earnings ratio of 23.37, a PEG ratio of 2.01 and a beta of 1.64. The stock’s 50 day simple moving average is $61.78 and its 200 day simple moving average is $55.12. Applied Materials has a fifty-two week low of $36.80 and a fifty-two week high of $69.44. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.30.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results on Wednesday, February 12th. The manufacturing equipment provider reported $0.98 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.06. The company had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.11 billion. Applied Materials had a return on equity of 35.13% and a net margin of 18.52%. The firm’s revenue was up 10.9% compared to the same quarter last year. During the same period last year, the business posted $0.81 earnings per share. As a group, analysts anticipate that Applied Materials will post 3.82 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 19th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Tuesday, February 18th. Applied Materials’s payout ratio is 27.63%.

In other Applied Materials news, CEO Gary E. Dickerson sold 1,000,000 shares of Applied Materials stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $61.11, for a total transaction of $61,110,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Prabu G. Raja sold 50,000 shares of Applied Materials stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $60.73, for a total value of $3,036,500.00. The disclosure for this sale can be found here. Insiders have sold 1,053,000 shares of company stock worth $64,335,080 over the last ninety days. Company insiders own 0.41% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMAT. Crewe Advisors LLC bought a new position in shares of Applied Materials in the fourth quarter valued at approximately $27,000. Altshuler Shaham Ltd raised its stake in shares of Applied Materials by 7,516.7% in the fourth quarter. Altshuler Shaham Ltd now owns 457 shares of the manufacturing equipment provider’s stock valued at $28,000 after acquiring an additional 451 shares during the last quarter. Raab & Moskowitz Asset Management LLC bought a new position in shares of Applied Materials in the fourth quarter valued at approximately $29,000. Cedar Wealth Management LLC bought a new position in shares of Applied Materials in the fourth quarter valued at approximately $34,000. Finally, Northwest Investment Counselors LLC bought a new position in shares of Applied Materials in the third quarter valued at approximately $29,000. 79.81% of the stock is currently owned by institutional investors.

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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