Applied Materials’ (NASDAQ:AMAT) “Buy” Rating Reiterated at B. Riley

B. Riley reissued their buy rating on shares of Applied Materials (NASDAQ:AMAT) in a research note released on Monday, November 13th. B. Riley currently has a $63.00 price target on the manufacturing equipment provider’s stock.

Several other research firms also recently weighed in on AMAT. Royal Bank Of Canada reissued a buy rating on shares of Applied Materials in a research note on Friday, October 27th. Citigroup reissued a buy rating and issued a $58.00 price target on shares of Applied Materials in a research note on Thursday, October 12th. Deutsche Bank reissued a buy rating and issued a $58.00 price target on shares of Applied Materials in a research note on Thursday, October 12th. Evercore ISI reissued an outperform rating and issued a $65.00 price target (up from $56.00) on shares of Applied Materials in a research note on Saturday, September 30th. Finally, Instinet reissued a buy rating and issued a $55.00 price target (up from $50.00) on shares of Applied Materials in a research note on Saturday, September 30th. Two equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. Applied Materials presently has an average rating of Buy and an average target price of $60.99.

Applied Materials (NASDAQ AMAT) opened at $51.91 on Monday. The company has a current ratio of 3.14, a quick ratio of 2.43 and a debt-to-equity ratio of 0.57. The stock has a market cap of $56,278.52, a price-to-earnings ratio of 16.24, a price-to-earnings-growth ratio of 1.00 and a beta of 1.81. Applied Materials has a twelve month low of $30.06 and a twelve month 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 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.02. The business had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.93 billion. Applied Materials had a net margin of 23.62% and a return on equity of 41.51%. The company’s revenue was up 20.4% compared to the same quarter last year. During the same period last year, the firm posted $0.66 earnings per share. equities research analysts predict that Applied Materials will post 3.96 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Friday, November 24th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Wednesday, November 22nd. Applied Materials’s dividend payout ratio (DPR) is currently 12.62%.

In related news, Director Stephen R. Forrest sold 5,000 shares of Applied Materials stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $58.00, for a total value of $290,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Thomas F. Larkins sold 30,000 shares of Applied Materials stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $51.24, for a total transaction of $1,537,200.00. The disclosure for this sale can be found here. Insiders own 0.31% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. LeJeune Puetz Investment Counsel LLC acquired a new position in Applied Materials during the 3rd quarter worth approximately $105,000. MPS Loria Financial Planners LLC acquired a new position in Applied Materials during the 2nd quarter worth approximately $109,000. 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 worth $134,000 after acquiring an additional 1,900 shares in the last quarter. Zions Bancorporation grew its holdings in Applied Materials by 349.1% during the 3rd quarter. Zions Bancorporation now owns 2,636 shares of the manufacturing equipment provider’s stock worth $137,000 after acquiring an additional 2,049 shares in the last quarter. Finally, Mosaic Family Wealth LLC lifted its position in shares of Applied Materials by 56.1% during the 3rd quarter. Mosaic Family Wealth LLC now owns 2,737 shares of the manufacturing equipment provider’s stock worth $142,000 after buying an additional 984 shares during the last quarter. Institutional investors own 78.60% of the company’s stock.

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Applied Materials Company Profile

Analyst Recommendations for Applied Materials (NASDAQ:AMAT)

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