Applied Materials, Inc. (NASDAQ:AMAT) – Stock analysts at DA Davidson increased their Q1 2019 earnings per share estimates for Applied Materials in a research note issued on Monday. DA Davidson analyst T. Diffely now expects that the manufacturing equipment provider will post earnings of $0.72 per share for the quarter, up from their prior estimate of $0.67. DA Davidson currently has a “Buy” rating and a $55.00 target price on the stock.
Other research analysts also recently issued reports about the company. B. Riley reiterated a “buy” rating and issued a $44.00 target price on shares of Applied Materials in a research note on Monday, May 15th. Royal Bank Of Canada restated a “hold” rating and issued a $35.00 price target on shares of Applied Materials in a research note on Tuesday, April 25th. Bank of America Corporation restated a “buy” rating and issued a $54.00 price target (up from $45.00) on shares of Applied Materials in a research note on Wednesday, May 17th. Needham & Company LLC lifted their price target on Applied Materials from $43.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, May 15th. Finally, Morgan Stanley restated an “overweight” rating and issued a $47.00 price target (up from $37.00) on shares of Applied Materials in a research note on Sunday, May 21st. Five investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Applied Materials currently has an average rating of “Buy” and an average target price of $46.26.
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Applied Materials (NASDAQ:AMAT) traded down 0.121% during midday trading on Wednesday, reaching $45.225. The company’s stock had a trading volume of 6,941,000 shares. Applied Materials has a 12-month low of $24.43 and a 12-month high of $47.86. The stock has a market cap of $48.60 billion, a P/E ratio of 18.703 and a beta of 1.81. The stock’s 50 day moving average is $44.46 and its 200 day moving average is $38.54. Applied Materials also saw some unusual options trading on Wednesday. Investors acquired 2,307 call options on the stock. This represents an increase of 118% compared to the average volume of 1,060 call options.
Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, May 18th. The manufacturing equipment provider reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.03. Applied Materials had a return on equity of 38.28% and a net margin of 20.41%. The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.54 billion. During the same quarter in the prior year, the firm earned $0.34 earnings per share. Applied Materials’s revenue for the quarter was up 44.7% on a year-over-year basis.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 24th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Tuesday, August 22nd. Applied Materials’s dividend payout ratio (DPR) is presently 16.46%.
Several large investors have recently modified their holdings of the company. Reilly Financial Advisors LLC increased its position in shares of Applied Materials by 78.0% in the first quarter. Reilly Financial Advisors LLC now owns 2,692 shares of the manufacturing equipment provider’s stock worth $105,000 after buying an additional 1,180 shares in the last quarter. Pinnacle Bank acquired a new position in shares of Applied Materials during the first quarter worth approximately $113,000. State of Alaska Department of Revenue acquired a new position in shares of Applied Materials during the first quarter worth approximately $114,000. James Investment Research Inc. increased its position in shares of Applied Materials by 90.6% in the first quarter. James Investment Research Inc. now owns 3,050 shares of the manufacturing equipment provider’s stock worth $119,000 after buying an additional 1,450 shares in the last quarter. Finally, Clean Yield Group acquired a new position in shares of Applied Materials during the first quarter worth approximately $124,000. 79.99% of the stock is owned by institutional investors.
About Applied Materials
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