Weekly Research Analysts’ Ratings Updates for Applied Materials (AMAT)

A number of research firms have changed their ratings and price targets for Applied Materials (NASDAQ: AMAT):

  • 8/7/2017 – Applied Materials was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $48.70 price target on the stock.
  • 8/2/2017 – Applied Materials was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/31/2017 – Applied Materials was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $48.70 price target on the stock.
  • 7/28/2017 – Applied Materials had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $50.00 price target on the stock.
  • 7/24/2017 – Applied Materials was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $48.70 price target on the stock.
  • 7/16/2017 – Applied Materials had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $56.00 price target on the stock.
  • 7/14/2017 – Applied Materials was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $47.32 price target on the stock.
  • 7/11/2017 – Applied Materials had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $56.00 price target on the stock.
  • 7/11/2017 – Applied Materials was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $46.48 price target on the stock.
  • 7/10/2017 – Applied Materials had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $55.00 price target on the stock.
  • 7/10/2017 – Applied Materials had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $52.00 price target on the stock, up previously from $47.00.
  • 7/6/2017 – Applied Materials had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $55.00 price target on the stock.
  • 7/5/2017 – Applied Materials was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $46.48 price target on the stock.
  • 6/29/2017 – Applied Materials was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $46.48 price target on the stock.
  • 6/22/2017 – Applied Materials was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $45.72 price target on the stock.
  • 6/13/2017 – Applied Materials had its “buy” rating reaffirmed by analysts at UBS AG. They now have a $52.00 price target on the stock.
  • 6/11/2017 – Applied Materials had its “buy” rating reaffirmed by analysts at Bank of America Corporation. They now have a $65.00 price target on the stock, up previously from $58.00.

Shares of Applied Materials, Inc. (NASDAQ AMAT) traded down 4.06% during mid-day trading on Thursday, reaching $42.03. 11,299,315 shares of the company’s stock traded hands. Applied Materials, Inc. has a 12-month low of $26.41 and a 12-month high of $47.86. The stock has a market cap of $45.17 billion, a price-to-earnings ratio of 17.38 and a beta of 1.82. The firm’s 50 day moving average price is $44.31 and its 200-day moving average price is $40.89. Applied Materials also was the recipient of some unusual options trading activity on Wednesday. Investors purchased 2,307 call options on the company. This is an increase of approximately 118% compared to the average volume of 1,060 call options.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings results on Thursday, May 18th. The manufacturing equipment provider reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.03. The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.54 billion. Applied Materials had a net margin of 20.41% and a return on equity of 38.28%. The business’s quarterly revenue was up 44.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 EPS. Equities research analysts forecast that Applied Materials, Inc. will post $3.11 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 24th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Tuesday, August 22nd. Applied Materials’s payout ratio is presently 16.46%.

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