Applied Materials, Inc. (NASDAQ:AMAT) has received an average recommendation of “Buy” from the twenty-four analysts that are currently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $46.62.

AMAT has been the topic of several research reports. Deutsche Bank AG restated a “buy” rating and issued a $48.00 price target (up from $45.00) on shares of Applied Materials in a research note on Friday, May 19th. Vetr downgraded shares of Applied Materials from a “strong-buy” rating to a “buy” rating and set a $42.81 price objective on the stock. in a research note on Wednesday, April 19th. Bank of America Corporation reiterated a “buy” rating and set a $54.00 price objective (up from $45.00) on shares of Applied Materials in a research note on Wednesday, May 17th. UBS AG reiterated a “buy” rating and set a $51.00 price objective (up from $44.00) on shares of Applied Materials in a research note on Wednesday, May 17th. Finally, Citigroup Inc. reiterated a “buy” rating and set a $50.00 price objective on shares of Applied Materials in a research note on Wednesday, May 17th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MCF Advisors LLC raised its position in Applied Materials by 0.3% in the first quarter. MCF Advisors LLC now owns 3,663 shares of the manufacturing equipment provider’s stock valued at $142,000 after buying an additional 10 shares during the last quarter. Guardian Life Insurance Co. of America raised its position in Applied Materials by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 4,170 shares of the manufacturing equipment provider’s stock valued at $162,000 after buying an additional 29 shares during the last quarter. Regentatlantic Capital LLC raised its position in Applied Materials by 0.3% in the first quarter. Regentatlantic Capital LLC now owns 18,738 shares of the manufacturing equipment provider’s stock valued at $729,000 after buying an additional 58 shares during the last quarter. RMB Capital Management LLC raised its position in Applied Materials by 1.0% in the first quarter. RMB Capital Management LLC now owns 6,280 shares of the manufacturing equipment provider’s stock valued at $244,000 after buying an additional 60 shares during the last quarter. Finally, Hanson McClain Inc. raised its position in Applied Materials by 4.3% in the first quarter. Hanson McClain Inc. now owns 3,360 shares of the manufacturing equipment provider’s stock valued at $131,000 after buying an additional 139 shares during the last quarter. Hedge funds and other institutional investors own 80.18% of the company’s stock.

Shares of Applied Materials (NASDAQ:AMAT) traded down 0.13% during mid-day trading on Monday, hitting $46.75. 1,238,881 shares of the stock traded hands. Applied Materials has a one year low of $25.68 and a one year high of $47.86. The company’s 50 day moving average is $44.47 and its 200 day moving average is $39.76. The firm has a market capitalization of $50.24 billion, a P/E ratio of 19.33 and a beta of 1.81.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings results on Thursday, May 18th. The manufacturing equipment provider reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.03. Applied Materials had a net margin of 20.41% and a return on equity of 38.28%. The business had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.54 billion. During the same period in the prior year, the company posted $0.34 earnings per share. Applied Materials’s revenue was up 44.7% compared to the same quarter last year. On average, equities analysts expect that Applied Materials will post $3.11 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 24th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $0.40 annualized dividend and a yield of 0.85%. Applied Materials’s payout ratio is 16.46%.

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Applied Materials Company Profile

Analyst Recommendations for Applied Materials (NASDAQ:AMAT)

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