Vetr upgraded shares of Applied Materials, Inc. (NASDAQ:AMAT) from a hold rating to a buy rating in a research note issued to investors on Monday, July 31st. The firm currently has $48.70 price target on the manufacturing equipment provider’s stock.
A number of other equities research analysts also recently issued reports on the company. Cowen and Company reissued a buy rating and set a $50.00 price target on shares of Applied Materials in a research report on Friday, July 28th. B. Riley reissued a buy rating and set a $56.00 price target on shares of Applied Materials in a research report on Sunday, July 16th. DA Davidson reissued a buy rating and set a $55.00 price target on shares of Applied Materials in a research report on Monday, July 10th. Morgan Stanley restated an overweight rating and set a $52.00 price objective (up previously from $47.00) on shares of Applied Materials in a research note on Monday, July 10th. Finally, Stifel Nicolaus restated a buy rating and set a $55.00 price objective on shares of Applied Materials in a research note on Thursday, July 6th. Five equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $42.62.
Shares of Applied Materials (NASDAQ AMAT) opened at 44.30 on Monday. The firm has a 50-day moving average price of $44.44 and a 200 day moving average price of $41.31. The stock has a market capitalization of $47.61 billion, a PE ratio of 18.32 and a beta of 1.82. Applied Materials has a one year low of $27.56 and a one year high of $47.86.
Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings results on Thursday, August 17th. The manufacturing equipment provider reported $0.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.02. Applied Materials had a return on equity of 42.08% and a net margin of 22.08%. The firm had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter in the previous year, the business earned $0.50 earnings per share. The firm’s quarterly revenue was up 32.7% compared to the same quarter last year. On average, equities analysts expect that Applied Materials will post $3.12 EPS for the current fiscal year.
ILLEGAL ACTIVITY WARNING: “Applied Materials, Inc. (NASDAQ:AMAT) Upgraded to “Buy” at Vetr Inc.” was originally published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this article on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The legal version of this article can be read at https://stocknewstimes.com/2017/08/19/applied-materials-inc-nasdaqamat-upgraded-to-buy-by-vetr-inc-updated-updated.html.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 24th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Tuesday, August 22nd. Applied Materials’s dividend payout ratio (DPR) is presently 14.18%.
Several institutional investors have recently bought and sold shares of AMAT. MCF Advisors LLC raised its position in Applied Materials by 0.3% in the first quarter. MCF Advisors LLC now owns 3,663 shares of the manufacturing equipment provider’s stock valued at $142,000 after buying an additional 10 shares during the period. Summit Financial Wealth Advisors LLC raised its position 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 valued at $259,000 after buying an additional 19 shares during the period. Guardian Life Insurance Co. of America raised its position in Applied Materials by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 4,170 shares of the manufacturing equipment provider’s stock valued at $162,000 after buying an additional 29 shares during the period. Adirondack Trust Co. raised its position 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 valued at $151,000 after buying an additional 40 shares during the period. Finally, Affinity Wealth Management raised its position in Applied Materials by 0.8% in the second quarter. Affinity Wealth Management now owns 6,387 shares of the manufacturing equipment provider’s stock valued at $264,000 after buying an additional 48 shares during the period. 79.33% of the stock is owned by institutional investors.
Applied Materials Company Profile
To view Vetr’s full report, visit Vetr’s official website.
Receive News & Ratings for Applied Materials Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Materials Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
