Applied Materials (NASDAQ:AMAT) had its price target boosted by Cowen from $140.00 to $160.00 in a research report released on Wednesday morning, Price Targets.com reports. Cowen currently has an outperform rating on the manufacturing equipment provider’s stock.

A number of other analysts have also commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Applied Materials from $88.00 to $146.00 and gave the company an overweight rating in a research note on Friday, February 19th. Craig Hallum increased their price target on shares of Applied Materials from $124.00 to $142.00 and gave the stock a buy rating in a research report on Friday, February 19th. DA Davidson increased their price target on shares of Applied Materials from $135.00 to $145.00 and gave the stock a buy rating in a research report on Friday, February 19th. Citigroup increased their price target on shares of Applied Materials from $80.00 to $130.00 in a research report on Monday, January 25th. Finally, KeyCorp increased their price target on shares of Applied Materials from $104.00 to $144.00 and gave the stock an overweight rating in a research report on Thursday, February 25th. Five research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $140.36.

NASDAQ:AMAT opened at $139.14 on Wednesday. The company has a current ratio of 3.00, a quick ratio of 2.12 and a debt-to-equity ratio of 0.52. Applied Materials has a twelve month low of $46.22 and a twelve month high of $146.00. The firm has a market cap of $127.68 billion, a price-to-earnings ratio of 35.49, a price-to-earnings-growth ratio of 2.06 and a beta of 1.48. The company has a 50-day moving average of $120.69 and a 200-day moving average of $91.29.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings data on Wednesday, February 17th. The manufacturing equipment provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.11. Applied Materials had a net margin of 21.04% and a return on equity of 40.65%. The company had revenue of $5.16 billion during the quarter, compared to analyst estimates of $4.98 billion. During the same period in the prior year, the firm earned $0.98 earnings per share. On average, research analysts forecast that Applied Materials will post 4.97 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 17th. Shareholders of record on Thursday, May 27th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.69%. The ex-dividend date is Wednesday, May 26th. This is an increase from Applied Materials’s previous quarterly dividend of $0.22. Applied Materials’s dividend payout ratio (DPR) is 21.10%.

In other Applied Materials news, Director Thomas J. Iannotti sold 15,000 shares of the stock in a transaction that occurred on Wednesday, March 31st. The stock was sold at an average price of $131.95, for a total transaction of $1,979,250.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.41% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. FMR LLC grew its stake in shares of Applied Materials by 65.6% in the fourth quarter. FMR LLC now owns 15,966,445 shares of the manufacturing equipment provider’s stock worth $1,377,905,000 after acquiring an additional 6,325,128 shares during the last quarter. Norges Bank acquired a new stake in Applied Materials during the fourth quarter worth $1,096,543,000. UBS Asset Management Americas Inc. boosted its stake in Applied Materials by 44.6% during the fourth quarter. UBS Asset Management Americas Inc. now owns 6,003,934 shares of the manufacturing equipment provider’s stock worth $518,140,000 after buying an additional 1,853,260 shares in the last quarter. Lazard Asset Management LLC boosted its stake in Applied Materials by 20.6% during the fourth quarter. Lazard Asset Management LLC now owns 5,304,134 shares of the manufacturing equipment provider’s stock worth $457,746,000 after buying an additional 906,803 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Applied Materials by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,203,546 shares of the manufacturing equipment provider’s stock worth $362,767,000 after buying an additional 95,824 shares in the last quarter. Institutional investors and hedge funds own 78.80% of the company’s stock.

About Applied Materials

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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