Applied Materials (NASDAQ:AMAT) had its price objective upped by analysts at Morgan Stanley from $50.00 to $52.50 in a note issued to investors on Friday, The Fly reports. The firm currently has an “equal weight” rating on the manufacturing equipment provider’s stock. Morgan Stanley’s price objective indicates a potential upside of 0.88% from the company’s current price.

A number of other equities analysts also recently commented on AMAT. Credit Suisse Group lifted their price target on Applied Materials from $70.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Citigroup decreased their target price on Applied Materials from $76.00 to $58.00 and set a “buy” rating for the company in a research note on Tuesday, March 24th. BidaskClub raised Applied Materials from a “hold” rating to a “buy” rating in a report on Tuesday, May 12th. Wells Fargo & Co boosted their target price on Applied Materials from $60.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $75.00 target price on shares of Applied Materials in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty have issued a buy rating to the company’s stock. Applied Materials currently has a consensus rating of “Buy” and an average price target of $67.35.

Shares of Applied Materials stock opened at $52.04 on Friday. Applied Materials has a fifty-two week low of $36.64 and a fifty-two week high of $69.44. The firm has a market cap of $49.41 billion, a PE ratio of 17.23, a P/E/G ratio of 1.32 and a beta of 1.38. The business’s fifty day moving average is $49.40 and its two-hundred day moving average is $56.26. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 0.54.

Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, May 14th. The manufacturing equipment provider reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.02). Applied Materials had a return on equity of 36.15% and a net margin of 18.83%. The firm had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $4.20 billion. During the same period last year, the business posted $0.70 earnings per share. Equities research analysts anticipate that Applied Materials will post 3.74 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of AMAT. FormulaFolio Investments LLC grew its position in Applied Materials by 18.6% during the 4th quarter. FormulaFolio Investments LLC now owns 5,250 shares of the manufacturing equipment provider’s stock worth $320,000 after purchasing an additional 824 shares in the last quarter. AE Wealth Management LLC grew its holdings in shares of Applied Materials by 17.9% during the 4th quarter. AE Wealth Management LLC now owns 9,540 shares of the manufacturing equipment provider’s stock valued at $582,000 after acquiring an additional 1,447 shares in the last quarter. Cerebellum GP LLC grew its holdings in shares of Applied Materials by 1.9% during the 4th quarter. Cerebellum GP LLC now owns 9,041 shares of the manufacturing equipment provider’s stock valued at $552,000 after acquiring an additional 172 shares in the last quarter. Wedbush Securities Inc. grew its holdings in shares of Applied Materials by 1.9% during the 4th quarter. Wedbush Securities Inc. now owns 8,679 shares of the manufacturing equipment provider’s stock valued at $530,000 after acquiring an additional 159 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in shares of Applied Materials by 8.2% during the 4th quarter. Allworth Financial LP now owns 4,531 shares of the manufacturing equipment provider’s stock valued at $277,000 after acquiring an additional 342 shares in the last quarter. Hedge funds and other institutional investors own 80.81% of the company’s stock.

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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