Applied Materials, Inc. (NASDAQ:AMAT) – B. Riley boosted their Q1 2018 EPS estimates for shares of Applied Materials in a report issued on Friday. B. Riley analyst C. Ellis now anticipates that the manufacturing equipment provider will post earnings per share of $0.98 for the quarter, up from their previous forecast of $0.91. B. Riley currently has a “Buy” rating and a $63.00 price objective on the stock. B. Riley also issued estimates for Applied Materials’ Q2 2018 earnings at $1.01 EPS, Q3 2018 earnings at $1.06 EPS, Q4 2018 earnings at $1.06 EPS, FY2018 earnings at $4.11 EPS, Q1 2019 earnings at $1.04 EPS, Q2 2019 earnings at $1.14 EPS, Q3 2019 earnings at $1.25 EPS, Q4 2019 earnings at $1.22 EPS and FY2020 earnings at $5.19 EPS.

AMAT has been the subject of several other reports. Stifel Nicolaus reiterated a “buy” rating and set a $61.00 price objective (up from $55.00) on shares of Applied Materials in a research note on Friday, August 18th. Zacks Investment Research cut shares of Applied Materials from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Vetr raised shares of Applied Materials from a “buy” rating to a “strong-buy” rating and set a $48.16 target price for the company in a report on Thursday, August 10th. Credit Suisse Group lifted their price objective on shares of Applied Materials from $5.00 to $62.00 and gave the company an “outperform” rating in a report on Friday, August 18th. They noted that the move was a valuation call. Finally, Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $42.00 price objective on shares of Applied Materials in a report on Monday, August 21st. Two equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. Applied Materials presently has an average rating of “Buy” and a consensus price target of $59.83.

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Applied Materials (NASDAQ:AMAT) opened at $56.49 on Monday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.43 and a current ratio of 3.14. Applied Materials has a one year low of $29.85 and a one year high of $60.89. The stock has a market cap of $60,245.85, a P/E ratio of 17.38, a PEG ratio of 0.87 and a beta of 1.85.

Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, November 16th. The manufacturing equipment provider reported $0.93 EPS for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.02. The business had revenue of $3.97 billion for the quarter, compared to analyst estimates of $3.93 billion. Applied Materials had a net margin of 23.62% and a return on equity of 41.51%. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period last year, the company posted $0.66 earnings per share.

A number of hedge funds have recently bought and sold shares of the stock. Summit Financial Wealth Advisors LLC lifted its holdings in Applied Materials by 0.3% in the second quarter. Summit Financial Wealth Advisors LLC now owns 6,269 shares of the manufacturing equipment provider’s stock worth $259,000 after purchasing an additional 19 shares during the period. Adirondack Trust Co. lifted its holdings in Applied Materials by 1.1% in the second quarter. Adirondack Trust Co. now owns 3,650 shares of the manufacturing equipment provider’s stock worth $151,000 after purchasing an additional 40 shares during the period. Affinity Wealth Management lifted its holdings in Applied Materials by 0.8% in the 2nd quarter. Affinity Wealth Management now owns 6,387 shares of the manufacturing equipment provider’s stock valued at $264,000 after acquiring an additional 48 shares during the last quarter. Wunderlich Capital Managemnt lifted its holdings in Applied Materials by 2.9% in the 2nd quarter. Wunderlich Capital Managemnt now owns 3,037 shares of the manufacturing equipment provider’s stock valued at $125,000 after acquiring an additional 87 shares during the last quarter. Finally, Honkamp Krueger Financial Services Inc. lifted its holdings in Applied Materials by 0.5% in the 2nd quarter. Honkamp Krueger Financial Services Inc. now owns 20,921 shares of the manufacturing equipment provider’s stock valued at $864,000 after acquiring an additional 97 shares during the last quarter. 78.79% of the stock is owned by institutional investors and hedge funds.

In related news, Director Alexander Karsner sold 22,762 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $44.03, for a total value of $1,002,210.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Thomas F. Larkins sold 30,000 shares of the company’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $51.24, for a total transaction of $1,537,200.00. The disclosure for this sale can be found here. 0.31% of the stock is owned by insiders.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Friday, November 24th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.40 annualized dividend and a yield of 0.71%. Applied Materials’s payout ratio is 12.62%.

About Applied Materials

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

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