Applied Materials (NASDAQ:AMAT) PT Raised to $130.00 at Sanford C. Bernstein

Applied Materials (NASDAQ:AMATGet Rating) had its price objective raised by Sanford C. Bernstein to $130.00 in a report published on Monday morning, Stock Target Advisor reports.

Several other brokerages have also recently issued reports on AMAT. Stifel Nicolaus reduced their price objective on Applied Materials from $197.00 to $184.00 in a research note on Friday, August 19th. Cowen lifted their price target on Applied Materials from $100.00 to $135.00 and gave the company an outperform rating in a research report on Friday, November 18th. Susquehanna Bancshares lifted their price target on Applied Materials from $80.00 to $92.00 in a research report on Friday, November 18th. New Street Research upgraded Applied Materials from a neutral rating to a buy rating and set a $115.00 price target for the company in a research report on Friday, October 21st. Finally, Berenberg Bank reduced their price target on Applied Materials from $155.00 to $120.00 and set a buy rating for the company in a research report on Friday, October 14th. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $120.64.

Applied Materials Trading Up 0.8 %

Shares of NASDAQ:AMAT opened at $107.67 on Monday. Applied Materials has a 52-week low of $71.12 and a 52-week high of $167.06. The stock has a market cap of $92.63 billion, a price-to-earnings ratio of 14.47, a PEG ratio of 1.71 and a beta of 1.49. The company has a quick ratio of 1.35, a current ratio of 2.16 and a debt-to-equity ratio of 0.45. The business has a 50-day moving average price of $89.50 and a 200-day moving average price of $97.16.

Applied Materials (NASDAQ:AMATGet Rating) last announced its quarterly earnings data on Thursday, November 17th. The manufacturing equipment provider reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.30. Applied Materials had a return on equity of 56.62% and a net margin of 25.31%. The firm had revenue of $6.75 billion during the quarter, compared to analysts’ expectations of $6.44 billion. During the same period last year, the business posted $1.94 earnings per share. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. Equities analysts predict that Applied Materials will post 6.84 EPS for the current year.

Applied Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Friday, November 25th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Wednesday, November 23rd. Applied Materials’s dividend payout ratio is presently 13.98%.

Hedge Funds Weigh In On Applied Materials

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Oliver Lagore Vanvalin Investment Group acquired a new position in Applied Materials during the first quarter worth $25,000. Disciplined Investments LLC boosted its stake in Applied Materials by 53.2% during the third quarter. Disciplined Investments LLC now owns 337 shares of the manufacturing equipment provider’s stock worth $28,000 after buying an additional 117 shares during the last quarter. Carolinas Wealth Consulting LLC boosted its stake in Applied Materials by 55.0% during the third quarter. Carolinas Wealth Consulting LLC now owns 372 shares of the manufacturing equipment provider’s stock worth $30,000 after buying an additional 132 shares during the last quarter. JFS Wealth Advisors LLC boosted its stake in Applied Materials by 113.1% during the second quarter. JFS Wealth Advisors LLC now owns 341 shares of the manufacturing equipment provider’s stock worth $31,000 after buying an additional 181 shares during the last quarter. Finally, Emfo LLC acquired a new position in Applied Materials during the third quarter worth $32,000. Institutional investors and hedge funds own 74.99% of the company’s stock.

About Applied Materials

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Applied Materials, Inc engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits.

Further Reading

Analyst Recommendations for Applied Materials (NASDAQ:AMAT)

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