Investors purchased shares of Applied Materials, Inc. (NASDAQ:AMAT) on weakness during trading on Thursday. $181.68 million flowed into the stock on the tick-up and $156.15 million flowed out of the stock on the tick-down, for a money net flow of $25.53 million into the stock. Of all equities tracked, Applied Materials had the 31st highest net in-flow for the day. Applied Materials traded down ($2.23) for the day and closed at $40.27
AMAT has been the topic of a number of research reports. ValuEngine downgraded shares of Applied Materials from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Royal Bank of Canada restated a “hold” rating and set a $50.00 target price on shares of Applied Materials in a research report on Friday, August 17th. Susquehanna Bancshares cut their target price on shares of Applied Materials from $73.00 to $65.00 and set a “positive” rating on the stock in a research report on Monday, July 9th. Needham & Company LLC cut their target price on shares of Applied Materials from $72.00 to $68.00 and set a “strong-buy” rating on the stock in a research report on Monday, May 21st. Finally, Citigroup cut their target price on shares of Applied Materials from $78.00 to $73.00 and set a “buy” rating on the stock in a research report on Friday, July 13th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $61.84.
The company has a quick ratio of 1.67, a current ratio of 2.52 and a debt-to-equity ratio of 0.78. The company has a market cap of $39.59 billion, a P/E ratio of 12.26, a PEG ratio of 0.70 and a beta of 1.53.
Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings results on Thursday, August 16th. The manufacturing equipment provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. The company had revenue of $4.47 billion during the quarter, compared to analysts’ expectations of $4.42 billion. Applied Materials had a return on equity of 58.23% and a net margin of 19.87%. Applied Materials’s revenue was up 19.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.86 EPS. equities analysts predict that Applied Materials, Inc. will post 4.45 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Friday, November 23rd will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.01%. Applied Materials’s dividend payout ratio (DPR) is presently 24.62%.
Several hedge funds have recently made changes to their positions in AMAT. Kaizen Advisory LLC increased its stake in Applied Materials by 147.4% during the 2nd quarter. Kaizen Advisory LLC now owns 2,561 shares of the manufacturing equipment provider’s stock worth $118,000 after purchasing an additional 1,526 shares in the last quarter. Rational Advisors LLC increased its stake in Applied Materials by 5,102.0% during the 2nd quarter. Rational Advisors LLC now owns 2,601 shares of the manufacturing equipment provider’s stock worth $120,000 after purchasing an additional 2,551 shares in the last quarter. AdvisorNet Financial Inc increased its stake in Applied Materials by 127.1% during the 2nd quarter. AdvisorNet Financial Inc now owns 3,054 shares of the manufacturing equipment provider’s stock worth $141,000 after purchasing an additional 1,709 shares in the last quarter. Whittier Trust Co. increased its stake in Applied Materials by 24.3% during the 2nd quarter. Whittier Trust Co. now owns 6,281 shares of the manufacturing equipment provider’s stock worth $142,000 after purchasing an additional 1,228 shares in the last quarter. Finally, Optimum Investment Advisors bought a new stake in Applied Materials during the 1st quarter worth approximately $147,000. 75.38% of the stock is owned by institutional investors.
Applied Materials Company Profile (NASDAQ:AMAT)
Applied Materials, Inc provides manufacturing equipment, services, and software to the semiconductor, display, and related industries worldwide. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells a range of manufacturing equipment used to fabricate semiconductor chips or integrated circuits.
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