Applied Materials (AMAT) Rating Lowered to Buy at Vetr

Applied Materials (NASDAQ:AMAT) was downgraded by Vetr from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Monday. They presently have a $62.50 price target on the manufacturing equipment provider’s stock. Vetr‘s target price points to a potential upside of 17.44% from the company’s current price.

Several other analysts also recently commented on AMAT. B. Riley upped their price objective on Applied Materials from $61.00 to $63.00 and gave the company a “buy” rating in a research note on Monday, September 25th. Instinet reaffirmed a “buy” rating and set a $55.00 price objective (up from $50.00) on shares of Applied Materials in a research note on Saturday, September 30th. Craig Hallum reaffirmed a “buy” rating and set a $76.00 price objective (up from $60.00) on shares of Applied Materials in a research note on Thursday, September 28th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Applied Materials in a research note on Sunday, October 1st. Finally, Berenberg Bank reaffirmed a “buy” rating and set a $52.00 price objective on shares of Applied Materials in a research note on Thursday, September 28th. One investment analyst has rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $61.22.

Applied Materials (NASDAQ AMAT) traded down $1.64 during trading on Monday, hitting $53.22. The stock had a trading volume of 7,600,397 shares, compared to its average volume of 11,213,684. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.14 and a quick ratio of 2.43. The stock has a market cap of $55,860.00, a P/E ratio of 16.79, a P/E/G ratio of 1.07 and a beta of 1.81. Applied Materials has a fifty-two week low of $32.60 and a fifty-two week high of $60.89.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings data on Thursday, November 16th. The manufacturing equipment provider reported $0.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.02. The firm had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.93 billion. Applied Materials had a return on equity of 41.51% and a net margin of 23.62%. The firm’s revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.66 EPS. sell-side analysts forecast that Applied Materials will post 4.04 earnings per share for the current year.

In other Applied Materials news, VP Ali Salehpour sold 125,125 shares of the stock in a transaction on Friday, December 29th. The stock was sold at an average price of $51.47, for a total transaction of $6,440,183.75. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Stephen R. Forrest sold 5,000 shares of the stock in a transaction on Friday, November 24th. The shares were sold at an average price of $58.00, for a total value of $290,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 312,716 shares of company stock worth $16,218,746. Insiders own 0.31% of the company’s stock.

Large investors have recently made changes to their positions in the business. LeJeune Puetz Investment Counsel LLC acquired a new stake in Applied Materials during the 3rd quarter valued at $105,000. MPS Loria Financial Planners LLC acquired a new stake in Applied Materials during the 2nd quarter valued at $109,000. Wunderlich Capital Managemnt grew its holdings in Applied Materials by 2.9% during the 2nd quarter. Wunderlich Capital Managemnt now owns 3,037 shares of the manufacturing equipment provider’s stock valued at $125,000 after buying an additional 87 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Applied Materials during the 2nd quarter valued at $134,000. Finally, First Personal Financial Services grew its holdings in Applied Materials by 281.5% during the 3rd quarter. First Personal Financial Services now owns 2,575 shares of the manufacturing equipment provider’s stock valued at $134,000 after buying an additional 1,900 shares during the last quarter. Hedge funds and other institutional investors own 79.76% of the company’s stock.

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Applied Materials Company Profile

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