Applied Materials, Inc. (NASDAQ:AMAT) – Research analysts at KeyCorp reduced their FY2019 earnings per share (EPS) estimates for Applied Materials in a report issued on Thursday, August 15th. KeyCorp analyst W. Twigg now anticipates that the manufacturing equipment provider will post earnings per share of $3.00 for the year, down from their previous estimate of $3.01. KeyCorp has a “Overweight” rating and a $54.00 price objective on the stock. KeyCorp also issued estimates for Applied Materials’ Q4 2019 earnings at $0.76 EPS, Q1 2020 earnings at $0.76 EPS, Q2 2020 earnings at $0.85 EPS, Q3 2020 earnings at $0.89 EPS, Q4 2020 earnings at $0.86 EPS and FY2020 earnings at $3.35 EPS.
Applied Materials (NASDAQ:AMAT) last posted its earnings results on Thursday, August 15th. The manufacturing equipment provider reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.04. Applied Materials had a return on equity of 39.37% and a net margin of 19.40%. The company had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.53 billion. During the same quarter in the previous year, the business earned $1.20 earnings per share. The company’s revenue for the quarter was down 14.4% on a year-over-year basis.
NASDAQ:AMAT opened at $46.73 on Monday. Applied Materials has a 52 week low of $28.79 and a 52 week high of $52.42. The company has a quick ratio of 1.72, a current ratio of 2.65 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $43.80 billion, a P/E ratio of 10.50, a P/E/G ratio of 2.36 and a beta of 1.68. The stock’s fifty day moving average is $47.24 and its two-hundred day moving average is $42.62.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 22nd will be paid a dividend of $0.21 per share. The ex-dividend date is Wednesday, August 21st. This represents a $0.84 annualized dividend and a yield of 1.80%. Applied Materials’s payout ratio is 18.88%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its stake in Applied Materials by 34.2% during the 2nd 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 purchasing an additional 7,230,052 shares in the last quarter. FMR LLC grew its stake in Applied Materials by 16.3% during the 1st quarter. FMR LLC now owns 26,027,352 shares of the manufacturing equipment provider’s stock worth $1,032,245,000 after purchasing an additional 3,656,960 shares in the last quarter. Invesco Ltd. grew its stake in Applied Materials by 72.2% during the 2nd quarter. Invesco Ltd. now owns 25,611,081 shares of the manufacturing equipment provider’s stock worth $1,150,193,000 after purchasing an additional 10,735,173 shares in the last quarter. Davis Selected Advisers grew its stake in Applied Materials by 2.4% during the 2nd quarter. Davis Selected Advisers now owns 15,880,737 shares of the manufacturing equipment provider’s stock worth $713,204,000 after purchasing an additional 364,769 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Applied Materials by 6.0% during the 4th quarter. Geode Capital Management LLC now owns 14,055,719 shares of the manufacturing equipment provider’s stock worth $459,453,000 after purchasing an additional 794,347 shares in the last quarter. 75.70% of the stock is owned by hedge funds and other institutional investors.
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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