Investors Sell Shares of Applied Materials, Inc. (NASDAQ:AMAT) on Strength (NASDAQ:AMAT)
Traders sold shares of Applied Materials, Inc. (NASDAQ:AMAT) on strength during trading on Friday. $37.48 million flowed into the stock on the tick-up and $102.03 million flowed out of the stock on the tick-down, for a money net flow of $64.55 million out of the stock. Of all stocks tracked, Applied Materials had the 8th highest net out-flow for the day. Applied Materials traded up $1.05 for the day and closed at $43.08
Several analysts have issued reports on AMAT shares. Deutsche Bank AG restated a “buy” rating and issued a $48.00 price objective (up previously from $45.00) on shares of Applied Materials in a research note on Friday, May 19th. Bank of America Corporation reiterated a “buy” rating and set a $54.00 target price (up previously from $45.00) on shares of Applied Materials in a research note on Wednesday, May 17th. Royal Bank Of Canada reiterated a “hold” rating and set a $35.00 target price on shares of Applied Materials in a research note on Tuesday, April 25th. Stifel Nicolaus increased their target price on Applied Materials from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Sunday, May 21st. Finally, Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $40.00 target price (up previously from $35.00) on shares of Applied Materials in a research note on Wednesday, May 17th. Four investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $46.60.
The firm has a market cap of $46.30 billion, a PE ratio of 17.82 and a beta of 1.82. The firm’s 50 day moving average price is $44.27 and its 200 day moving average price is $40.90. Applied Materials also was the recipient of some unusual options trading activity on Wednesday. Stock investors bought 2,307 call options on the stock. This is an increase of 118% compared to the average 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, beating the consensus estimate of $0.76 by $0.03. The firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.54 billion. Applied Materials had a net margin of 20.41% and a return on equity of 38.28%. The company’s quarterly revenue was up 44.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.34 earnings per share. On average, analysts expect that Applied Materials, Inc. will post $3.11 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders 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 0.93%. The ex-dividend date of this dividend is Tuesday, August 22nd. Applied Materials’s dividend payout ratio (DPR) is 16.46%.
Several institutional investors have recently modified their holdings of AMAT. Reilly Financial Advisors LLC increased its position in shares of 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 valued at $105,000 after buying an additional 1,180 shares during the period. Pinnacle Bank purchased a new position in shares of Applied Materials during the first quarter valued at approximately $113,000. State of Alaska Department of Revenue purchased a new position in shares of Applied Materials during the first quarter valued at approximately $114,000. James Investment Research Inc. increased its position in shares of 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 valued at $119,000 after buying an additional 1,450 shares during the period. Finally, Clean Yield Group purchased a new position in shares of Applied Materials during the first quarter valued at approximately $124,000. 80.24% of the stock is owned by hedge funds and other institutional investors.
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Applied Materials Company Profile
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