Applied Materials (NASDAQ:AMAT) Price Target Increased to $130.00 by Analysts at Sanford C. Bernstein

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

Other analysts have also recently issued research reports about the stock. Barclays lifted their price target on shares of Applied Materials from $70.00 to $80.00 and gave the company an equal weight rating in a report on Friday. Cowen raised their price objective on Applied Materials from $100.00 to $135.00 and gave the company an outperform rating in a research report on Friday. Morgan Stanley lowered their price objective on Applied Materials from $89.00 to $88.00 and set an equal weight rating for the company in a research report on Monday. DA Davidson raised their price objective on Applied Materials from $105.00 to $125.00 in a research report on Friday. Finally, Summit Insights raised Applied Materials from a hold rating to a buy rating in a research report on Friday. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, Applied Materials currently has an average rating of Moderate Buy and a consensus target price of $120.64.

Applied Materials Stock Up 0.4 %

Shares of Applied Materials stock 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 52-week low of $71.12 and a 52-week high of $167.06. The stock has a market capitalization of $90.45 billion, a price-to-earnings ratio of 14.13, a P/E/G ratio of 3.17 and a beta of 1.49. The company’s 50 day moving average price is $88.83 and its 200-day moving average price is $97.24.

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 for the quarter, beating the consensus estimate of $1.73 by $0.30. The business had revenue of $6.75 billion for the quarter, compared to analysts’ expectations of $6.44 billion. Applied Materials had a net margin of 25.31% and a return on equity of 56.62%. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.94 earnings per share. Equities research analysts forecast that Applied Materials will post 6.66 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. Shareholders of record on Friday, November 25th will be paid a dividend of $0.26 per share. 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 dividend payout ratio is currently 13.98%.

Institutional Investors Weigh In On Applied Materials

A number of large investors have recently made changes to their positions in AMAT. IFM Investors Pty Ltd grew its stake in shares of Applied Materials by 16.9% during the 1st quarter. IFM Investors Pty Ltd now owns 141,449 shares of the manufacturing equipment provider’s stock valued at $18,643,000 after purchasing an additional 20,444 shares during the period. Edge Capital Group LLC bought a new stake in shares of Applied Materials during the 1st quarter valued at about $520,000. Waldron Private Wealth LLC grew its stake in shares of Applied Materials by 154.5% during the 1st quarter. Waldron Private Wealth LLC now owns 5,406 shares of the manufacturing equipment provider’s stock valued at $712,000 after purchasing an additional 3,282 shares during the period. William Allan LLC grew its stake in shares of Applied Materials by 2.5% during the 1st quarter. William Allan LLC now owns 55,251 shares of the manufacturing equipment provider’s stock valued at $7,282,000 after acquiring an additional 1,328 shares during the period. Finally, Gladstone Institutional Advisory LLC grew its stake in shares of Applied Materials by 330.0% during the 1st quarter. Gladstone Institutional Advisory LLC now owns 18,954 shares of the manufacturing equipment provider’s stock valued at $2,498,000 after acquiring an additional 14,546 shares during the period. 74.99% of the stock is currently owned by institutional investors.

Applied Materials Company Profile

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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.

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