Susquehanna Forecasts Strong Price Appreciation for Applied Materials (NASDAQ:AMAT) Stock

Applied Materials (NASDAQ:AMATGet Free Report) had its target price lifted by investment analysts at Susquehanna from $155.00 to $165.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the manufacturing equipment provider’s stock. Susquehanna’s price target would suggest a potential downside of 13.48% from the company’s previous close.

A number of other research firms have also recently commented on AMAT. Sanford C. Bernstein dropped their price target on shares of Applied Materials from $220.00 to $210.00 and set an “outperform” rating for the company in a research note on Friday, November 29th. Wells Fargo & Company cut their target price on Applied Materials from $210.00 to $200.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Morgan Stanley reissued an “underweight” rating and set a $164.00 price target (down from $179.00) on shares of Applied Materials in a research note on Thursday, December 5th. Needham & Company LLC cut their price objective on Applied Materials from $240.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Applied Materials from $220.00 to $200.00 and set a “hold” rating for the company in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $218.71.

View Our Latest Stock Analysis on AMAT

Applied Materials Stock Down 2.5 %

Shares of NASDAQ AMAT opened at $190.70 on Wednesday. The stock has a market capitalization of $155.17 billion, a price-to-earnings ratio of 22.15, a P/E/G ratio of 1.97 and a beta of 1.53. Applied Materials has a 12-month low of $158.96 and a 12-month high of $255.89. The company has a current ratio of 2.51, a quick ratio of 1.87 and a debt-to-equity ratio of 0.29. The firm’s 50-day moving average price is $173.55 and its 200-day moving average price is $189.91.

Applied Materials (NASDAQ:AMATGet Free Report) last announced its earnings results on Thursday, November 14th. The manufacturing equipment provider reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.19 by $0.13. Applied Materials had a return on equity of 39.26% and a net margin of 26.41%. The firm had revenue of $7.05 billion during the quarter, compared to analysts’ expectations of $6.96 billion. During the same quarter in the previous year, the business earned $2.12 EPS. The company’s quarterly revenue was up 4.8% on a year-over-year basis. On average, equities research analysts anticipate that Applied Materials will post 9.38 EPS for the current fiscal year.

Institutional Trading of Applied Materials

A number of institutional investors have recently modified their holdings of AMAT. Clean Yield Group acquired a new stake in Applied Materials in the third quarter valued at approximately $33,000. First PREMIER Bank boosted its position in shares of Applied Materials by 326.3% in the 3rd quarter. First PREMIER Bank now owns 162 shares of the manufacturing equipment provider’s stock worth $33,000 after purchasing an additional 124 shares in the last quarter. Crews Bank & Trust purchased a new position in Applied Materials during the 4th quarter worth $28,000. MidAtlantic Capital Management Inc. acquired a new position in Applied Materials during the 3rd quarter valued at about $37,000. Finally, DT Investment Partners LLC raised its stake in Applied Materials by 592.9% in the third quarter. DT Investment Partners LLC now owns 194 shares of the manufacturing equipment provider’s stock valued at $39,000 after buying an additional 166 shares during the last quarter. 80.56% of the stock is currently owned by institutional investors.

About Applied Materials

(Get Free Report)

Applied Materials, Inc engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company 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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Analyst Recommendations for Applied Materials (NASDAQ:AMAT)

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