Applied Materials, Inc. (AMAT) Receives Buy Rating from Stifel Nicolaus

Cornelia Mascio
Luglio 8, 2017

(NASDAQ:AMAT) by 42.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. (AMAT). These ratios are important while doing valuation of the company or the shares of the company. Finally, Boothbay Fund Management LLC raised its stake in Applied Materials by 286.5% in the fourth quarter. Reilly Financial Advisors LLC increased its position in Applied Materials by 78.0% in the first quarter. Knowles Corporation has 2 buy ratings, 3 holds and 0 sells even after the stock tumbled -17.59% from its high of $19.9 to a $1.48 billion market value through last close. Pinnacle Bank purchased a new position in shares of Applied Materials during the first quarter worth $113,000. Oxford Asset Management purchased a new stake in shares of Applied Materials during the first quarter valued at about $4,956,000.

Applied Materials, Inc. provides manufacturing equipment, services and software to the global semiconductor, display and related industries. Institutional investors and hedge funds own 80.02% of the company's stock.

Applied Materials shares are up 1.61%.

Applied Materials (AMAT) opened at 42.11 on Wednesday. Company's distance from 20 day simple moving average is -3.80% and distance from 50-Day simple moving average is -0.63%. The stock has a market cap of $44.07 billion, a price-to-earnings ratio of 16.96 and a beta of 1.81. Applied Materials has a 1-year low of $23.49 and a 1-year high of $47.86.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings data on Thursday, May 18th. The manufacturing equipment provider reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.03. During the same period past year, the business posted $0.34 earnings per share. The company's revenue for the quarter was up 44.7% compared to the same quarter a year ago. Analysts anticipate that Applied Materials, Inc. will post $3.08 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 24th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.95%. Applied Materials's dividend payout ratio is now 16.46%.

TRADEMARK VIOLATION WARNING: "South Dakota Investment Council Reduces Position in Applied Materials, Inc".

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The company has mean EPS estimate of 0.79 reported by 19 number of analyst for the quarter ending Current Qtr.(Jul2017). Deutsche Bank AG reaffirmed a "buy" rating and issued a $48.00 price target (up from $45.00) on shares of Applied Materials in a report on Friday, May 19th. Vetr upgraded Applied Materials from a "buy" rating to a "strong-buy" rating and set a $46.48 target price for the company in a report on Thursday, June 29th. Argus reissued a "buy" rating and set a $43.00 price objective (up previously from $34.00) on shares of Applied Materials in a research note on Wednesday, February 22nd. Finally, Citigroup Inc. reiterated a "buy" rating and issued a $50.00 price objective on shares of Applied Materials in a research report on Wednesday, May 17th. Four research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The company presently has an average rating of "Buy" and a consensus target price of $44.93.

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