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.
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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