Applied Materials Inc. (NASDAQ:AMAT) shares were up 3% during mid-day trading on Tuesday . The company traded as high as $30.15 and last traded at $30.02, with a volume of 12,198,256 shares trading hands. The stock had previously closed at $29.15.

Several analysts have recently weighed in on the company. Credit Suisse Group AG boosted their price target on Applied Materials from $26.00 to $29.00 and gave the stock an “outperform” rating in a report on Tuesday, August 9th. Citigroup Inc. boosted their price target on Applied Materials from $31.00 to $32.00 and gave the stock a “buy” rating in a report on Friday. Morgan Stanley restated a “buy” rating and set a $25.00 price target on shares of Applied Materials in a report on Tuesday, August 16th. Stifel Nicolaus boosted their price target on Applied Materials from $28.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, August 15th. Finally, Needham & Company LLC restated a “buy” rating and set a $34.00 price target (up from $29.00) on shares of Applied Materials in a report on Sunday. Six equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $29.93.

The company has a market capitalization of $32.44 billion and a price-to-earnings ratio of 23.62. The stock has a 50 day moving average of $26.44 and a 200 day moving average of $22.32.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings results on Thursday, August 18th. The manufacturing equipment provider reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.02. The company had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter in the previous year, the business earned $0.33 earnings per share. Applied Materials’s revenue was up 13.3% compared to the same quarter last year. Analysts forecast that Applied Materials Inc. will post $1.73 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, August 25th will be given a $0.10 dividend. The ex-dividend date is Tuesday, August 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.34%.

In other news, Director Thomas J. Iannotti sold 15,000 shares of Applied Materials stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $23.67, for a total value of $355,050.00. Following the sale, the director now directly owns 70,659 shares in the company, valued at approximately $1,672,498.53. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Ali Salehpour sold 40,000 shares of Applied Materials stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $24.37, for a total value of $974,800.00. Following the completion of the sale, the vice president now owns 548,947 shares in the company, valued at $13,377,838.39. The disclosure for this sale can be found here.

Other large investors have modified their holdings of the company. Flippin Bruce & Porter Inc. raised its stake in shares of Applied Materials by 1.8% in the fourth quarter. Flippin Bruce & Porter Inc. now owns 84,375 shares of the manufacturing equipment provider’s stock worth $1,575,000 after buying an additional 1,500 shares in the last quarter. Westfield Capital Management Co. LP raised its stake in shares of Applied Materials by 24.5% in the fourth quarter. Westfield Capital Management Co. LP now owns 1,840,815 shares of the manufacturing equipment provider’s stock worth $34,368,000 after buying an additional 361,685 shares in the last quarter. BlackRock Advisors LLC raised its stake in shares of Applied Materials by 27.1% in the fourth quarter. BlackRock Advisors LLC now owns 1,129,528 shares of the manufacturing equipment provider’s stock worth $21,088,000 after buying an additional 240,845 shares in the last quarter. Calvert Investment Management Inc. raised its stake in shares of Applied Materials by 36.5% in the fourth quarter. Calvert Investment Management Inc. now owns 57,072 shares of the manufacturing equipment provider’s stock worth $1,066,000 after buying an additional 15,251 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Applied Materials by 191.3% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 178,300 shares of the manufacturing equipment provider’s stock worth $3,329,000 after buying an additional 117,100 shares in the last quarter.

Applied Materials, Inc (Applied) provides manufacturing equipment, services and software to the semiconductor, display, solar photovoltaic (PV) and related industries across the world. The Company operates in four segments: Silicon Systems, Applied Global Services, Display, and Energy and Environmental Solutions.

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