Susquehanna Bancshares Boosts Applied Materials (NASDAQ:AMAT) Price Target to $92.00

Applied Materials (NASDAQ:AMATGet Rating) had its price target upped by Susquehanna Bancshares from $80.00 to $92.00 in a report published on Friday, Stock Target Advisor reports.

Other analysts also recently issued research reports about the company. Morgan Stanley decreased their price target on Applied Materials from $109.00 to $99.00 and set an equal weight rating for the company in a research note on Thursday, October 13th. Stifel Nicolaus decreased their target price on Applied Materials from $197.00 to $184.00 in a research note on Friday, August 19th. Craig Hallum decreased their target price on Applied Materials from $126.00 to $95.00 in a research note on Thursday, October 13th. Deutsche Bank Aktiengesellschaft increased their target price on Applied Materials from $95.00 to $110.00 and gave the company a buy rating in a research note on Friday. Finally, Berenberg Bank decreased their target price on Applied Materials from $155.00 to $120.00 and set a buy rating for the company in a research note on Friday, October 14th. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, Applied Materials currently has an average rating of Moderate Buy and a consensus target price of $121.00.

Applied Materials Stock Performance

AMAT opened at $104.70 on Friday. The company has a market cap of $90.07 billion, a PE ratio of 14.07, a price-to-earnings-growth ratio of 3.16 and a beta of 1.49. The stock has a 50-day moving average of $88.65 and a 200-day moving average of $97.33. Applied Materials has a 52-week low of $71.12 and a 52-week high of $167.06. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.45 and a current ratio of 2.26.

Applied Materials (NASDAQ:AMATGet Rating) last released its quarterly earnings results 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. The company had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.44 billion. Applied Materials had a return on equity of 57.03% and a net margin of 25.31%. The firm’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.94 EPS. As a group, equities research analysts forecast that Applied Materials will post 6.66 earnings per share for the current fiscal year.

Applied Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Friday, November 25th will be issued a $0.26 dividend. The ex-dividend date is Wednesday, November 23rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.99%. Applied Materials’s payout ratio is presently 13.98%.

Hedge Funds Weigh In On Applied Materials

A number of hedge funds have recently modified their holdings of AMAT. Center for Financial Planning Inc. acquired a new position in shares of Applied Materials in the 1st quarter worth approximately $25,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in Applied Materials during the 1st quarter valued at $25,000. Disciplined Investments LLC increased its holdings in Applied Materials by 53.2% during the 3rd quarter. Disciplined Investments LLC now owns 337 shares of the manufacturing equipment provider’s stock valued at $28,000 after purchasing an additional 117 shares in the last quarter. Carolinas Wealth Consulting LLC increased its holdings in Applied Materials by 55.0% during the 3rd quarter. Carolinas Wealth Consulting LLC now owns 372 shares of the manufacturing equipment provider’s stock valued at $30,000 after purchasing an additional 132 shares in the last quarter. Finally, JFS Wealth Advisors LLC increased its holdings in Applied Materials by 113.1% during the 2nd quarter. JFS Wealth Advisors LLC now owns 341 shares of the manufacturing equipment provider’s stock valued at $31,000 after purchasing an additional 181 shares in the last quarter. 74.99% of the stock is owned by institutional investors and hedge funds.

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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