Applied Materials, Inc. (NASDAQ:AMAT) – Equities research analysts at KeyCorp issued their Q1 2018 earnings per share (EPS) estimates for Applied Materials in a report issued on Monday. KeyCorp analyst W. Twigg forecasts that the manufacturing equipment provider will post earnings of $0.74 per share for the quarter. KeyCorp also issued estimates for Applied Materials’ Q2 2018 earnings at $0.82 EPS, Q3 2018 earnings at $0.85 EPS and Q4 2018 earnings at $0.83 EPS.

Other research analysts have also issued reports about the stock. Stifel Nicolaus raised their price objective on shares of Applied Materials from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Sunday, May 21st. Deutsche Bank AG reaffirmed a “buy” rating and issued a $48.00 price objective (up from $45.00) on shares of Applied Materials in a research note on Friday, May 19th. UBS AG reaffirmed a “buy” rating and issued a $51.00 price objective (up from $44.00) on shares of Applied Materials in a research note on Wednesday, May 17th. Instinet reaffirmed a “buy” rating and issued a $47.00 price objective (up from $40.00) on shares of Applied Materials in a research note on Sunday, May 21st. Finally, Needham & Company LLC raised their price objective on shares of Applied Materials from $50.00 to $54.00 and gave the company a “buy” rating in a research note on Sunday, May 21st. Four investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Applied Materials presently has an average rating of “Buy” and an average price target of $46.62.

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Shares of Applied Materials (AMAT) traded down 2.40% during midday trading on Wednesday, hitting $46.31. 8,318,163 shares of the company were exchanged. Applied Materials has a one year low of $25.68 and a one year high of $47.86. The firm’s 50 day moving average price is $44.51 and its 200 day moving average price is $40.18. The firm has a market capitalization of $49.77 billion, a price-to-earnings ratio of 19.15 and a beta of 1.81. Applied Materials also was the target of unusually large options trading activity on Wednesday. Stock investors purchased 2,307 call options on the stock. This is an increase of 118% compared to the typical daily volume of 1,060 call options.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings data on Thursday, May 18th. The manufacturing equipment provider reported $0.79 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $3.54 billion. During the same period last year, the business posted $0.34 earnings per share. The firm’s quarterly revenue was up 44.7% on a year-over-year basis.

Institutional investors have recently modified their holdings of the company. Reilly Financial Advisors LLC raised its position in Applied Materials by 78.0% in the first quarter. Reilly Financial Advisors LLC now owns 2,692 shares of the manufacturing equipment provider’s stock worth $105,000 after buying an additional 1,180 shares during the period. Pinnacle Bank purchased a new position in Applied Materials during the first quarter worth approximately $113,000. State of Alaska Department of Revenue purchased a new position in Applied Materials during the first quarter worth approximately $114,000. James Investment Research Inc. raised its position in Applied Materials by 90.6% in the first quarter. James Investment Research Inc. now owns 3,050 shares of the manufacturing equipment provider’s stock worth $119,000 after buying an additional 1,450 shares during the period. Finally, Clean Yield Group purchased a new position in Applied Materials during the first quarter worth approximately $124,000. Hedge funds and other institutional investors own 80.18% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 24th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $0.40 dividend on an annualized basis and a yield of 0.84%. Applied Materials’s dividend payout ratio is presently 16.46%.

Applied Materials Company Profile

Earnings History and Estimates for Applied Materials (NASDAQ:AMAT)

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