Applied Materials (AMAT) Receives Coverage Optimism Score of 0.18
News stories about Applied Materials (NASDAQ:AMAT) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Applied Materials earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned media coverage about the manufacturing equipment provider an impact score of 46.0731766755242 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Hot Stock’s Trend Recap: Applied Materials Inc (NASDAQ: AMAT) – Alpha Beta Stock (alphabetastock.com)
- Morning Technical Insight on these Semiconductor Stocks — Applied Materials, ASML Holding, Axcelis Technologies … – PR Newswire (press release) (prnewswire.com)
- Earnings Preview: Activision Blizzard To Report Q4 Results After The Close – Benzinga (benzinga.com)
- Applied Materials to Present at Upcoming Investor Conferences (finance.yahoo.com)
- Twitter Earnings Preview: Revenue And User Growth In Focus – Benzinga (benzinga.com)
A number of research firms have recently commented on AMAT. Nomura reissued a “buy” rating and issued a $65.00 price objective (up previously from $55.00) on shares of Applied Materials in a research note on Tuesday, November 21st. Citigroup boosted their target price on Applied Materials from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, November 20th. Vetr lowered Applied Materials from a “buy” rating to a “hold” rating and set a $61.08 target price on the stock. in a research report on Tuesday, November 21st. BidaskClub lowered Applied Materials from a “buy” rating to a “hold” rating in a research report on Tuesday, January 30th. Finally, ValuEngine raised Applied Materials from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $62.56.
Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results on Thursday, November 16th. The manufacturing equipment provider reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. Applied Materials had a return on equity of 41.51% and a net margin of 23.62%. The business had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.93 billion. During the same quarter in the previous year, the company posted $0.66 earnings per share. Applied Materials’s revenue for the quarter was up 20.4% compared to the same quarter last year. analysts expect that Applied Materials will post 4.04 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Wednesday, February 21st will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, February 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.87%. Applied Materials’s dividend payout ratio is 12.62%.
In other Applied Materials news, Director Stephen R. Forrest sold 5,000 shares of the business’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $58.00, for a total value of $290,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Ali Salehpour sold 125,125 shares of the business’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $51.47, for a total value of $6,440,183.75. The disclosure for this sale can be found here. Insiders have sold 312,716 shares of company stock worth $16,218,746 in the last quarter. 0.35% of the stock is currently owned by corporate insiders.
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About Applied Materials
Applied Materials, Inc provides manufacturing equipment, services and software to the global semiconductor, display and related industries. The Company’s segments are Semiconductor Systems, which includes semiconductor capital equipment for etch, rapid thermal processing, deposition, chemical mechanical planarization, metrology and inspection, wafer packaging, and ion implantation; Applied Global Services, which provides integrated solutions to optimize equipment and fab performance and productivity; Display and Adjacent Markets, which includes products for manufacturing liquid crystal displays, organic light-emitting diodes, upgrades and roll-to-roll Web coating systems and other display technologies for televisions, personal computers, smart phones and other consumer-oriented devices, and Corporate and Other segment, which includes revenues from products, as well as costs of products sold for fabricating solar photovoltaic cells and modules, and certain operating expenses.
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