Applied Materials (NASDAQ:AMAT) Price Target Increased to $105.00 by Analysts at The Goldman Sachs Group

Applied Materials (NASDAQ:AMATGet Rating) had its price objective raised by The Goldman Sachs Group to $105.00 in a research note issued to investors on Monday morning, Stock Target Advisor reports.

Other equities analysts have also issued reports about the company. Mizuho upped their target price on Applied Materials from $90.00 to $115.00 and gave the company a buy rating in a research report on Friday. Deutsche Bank Aktiengesellschaft upped their target price on Applied Materials from $95.00 to $110.00 and gave the company a buy rating in a research report on Friday. StockNews.com lowered Applied Materials from a buy rating to a hold rating in a research report on Saturday, October 15th. Berenberg Bank cut their target price on Applied Materials from $155.00 to $120.00 and set a buy rating on the stock in a research report on Friday, October 14th. Finally, Susquehanna Bancshares upped their target price on Applied Materials from $80.00 to $92.00 in a research report on Friday. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, Applied Materials currently has an average rating of Moderate Buy and an average target price of $120.64.

Applied Materials Stock Up 0.4 %

Shares of NASDAQ:AMAT opened at $105.14 on Monday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.35 and a current ratio of 2.16. Applied Materials has a 1 year low of $71.12 and a 1 year high of $167.06. The stock has a market capitalization of $90.45 billion, a P/E ratio of 14.13, a PEG ratio of 3.17 and a beta of 1.49. The stock has a 50-day simple moving average of $88.83 and a 200-day simple moving average of $97.24.

Applied Materials (NASDAQ:AMATGet Rating) last issued its earnings results on Thursday, November 17th. The manufacturing equipment provider reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.30. Applied Materials had a return on equity of 56.62% and a net margin of 25.31%. The business had revenue of $6.75 billion during the quarter, compared to analysts’ expectations of $6.44 billion. During the same quarter in the previous year, the business earned $1.94 EPS. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. Equities analysts forecast that Applied Materials will post 6.66 earnings per share for the current year.

Applied Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Friday, November 25th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, November 23rd. This represents a $1.04 annualized dividend and a yield of 0.99%. Applied Materials’s dividend payout ratio is currently 13.98%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Mader & Shannon Wealth Management Inc. boosted its stake in Applied Materials by 0.5% during the first quarter. Mader & Shannon Wealth Management Inc. now owns 18,122 shares of the manufacturing equipment provider’s stock valued at $2,388,000 after buying an additional 96 shares in the last quarter. Boston Financial Mangement LLC lifted its holdings in shares of Applied Materials by 2.0% during the second quarter. Boston Financial Mangement LLC now owns 4,934 shares of the manufacturing equipment provider’s stock valued at $449,000 after purchasing an additional 96 shares during the last quarter. Formidable Asset Management LLC lifted its holdings in shares of Applied Materials by 2.9% during the first quarter. Formidable Asset Management LLC now owns 3,605 shares of the manufacturing equipment provider’s stock valued at $475,000 after purchasing an additional 100 shares during the last quarter. Guyasuta Investment Advisors Inc. lifted its holdings in shares of Applied Materials by 3.1% during the second quarter. Guyasuta Investment Advisors Inc. now owns 3,293 shares of the manufacturing equipment provider’s stock valued at $300,000 after purchasing an additional 100 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC lifted its holdings in shares of Applied Materials by 1.6% during the first quarter. Moneta Group Investment Advisors LLC now owns 6,335 shares of the manufacturing equipment provider’s stock valued at $835,000 after purchasing an additional 101 shares during the last quarter. Institutional investors own 74.99% of the company’s stock.

About Applied Materials

(Get Rating)

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.

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