A number of other equities analysts also recently commented on the company. Citigroup dropped their price objective on Applied Materials from $175.00 to $160.00 and set a buy rating on the stock in a report on Monday, May 23rd. Needham & Company LLC cut their target price on Applied Materials from $172.00 to $130.00 and set a buy rating for the company in a research report on Friday, May 20th. Cowen decreased their price target on Applied Materials from $190.00 to $160.00 in a research note on Friday, May 20th. Susquehanna Bancshares decreased their price target on Applied Materials to $115.00 in a research report on Friday, May 20th. Finally, The Goldman Sachs Group dropped their price target on Applied Materials from $151.00 to $133.00 and set a buy rating for the company in a research note on Monday, May 23rd. Nine analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $154.81.
NASDAQ AMAT opened at $93.28 on Monday. The company has a market capitalization of $81.15 billion, a PE ratio of 12.44, a P/E/G ratio of 1.43 and a beta of 1.43. The company has a fifty day moving average of $108.98 and a 200 day moving average of $128.88. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.29 and a quick ratio of 1.54. Applied Materials has a 1 year low of $87.62 and a 1 year high of $167.06.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, August 25th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Wednesday, August 24th. Applied Materials’s dividend payout ratio (DPR) is presently 13.87%.
Applied Materials announced that its board has approved a stock buyback program on Friday, March 11th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the manufacturing equipment provider to purchase up to 5.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.
Large investors have recently bought and sold shares of the business. State Street Corp increased its stake in Applied Materials by 0.5% during the 1st quarter. State Street Corp now owns 40,177,420 shares of the manufacturing equipment provider’s stock worth $5,295,384,000 after buying an additional 192,537 shares during the period. Capital World Investors boosted its position in shares of Applied Materials by 21.5% in the first quarter. Capital World Investors now owns 33,850,576 shares of the manufacturing equipment provider’s stock worth $4,461,584,000 after acquiring an additional 5,980,777 shares during the last quarter. Capital International Investors lifted its position in shares of Applied Materials by 6.9% during the first quarter. Capital International Investors now owns 24,875,796 shares of the manufacturing equipment provider’s stock worth $3,278,728,000 after purchasing an additional 1,607,427 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Applied Materials by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 17,016,315 shares of the manufacturing equipment provider’s stock worth $2,671,813,000 after buying an additional 62,513 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in Applied Materials by 14.5% during the fourth quarter. Deutsche Bank AG now owns 7,933,311 shares of the manufacturing equipment provider’s stock valued at $1,248,387,000 after purchasing an additional 1,003,013 shares during the last quarter. Institutional investors own 77.90% of the company’s stock.
About Applied Materials (Get Rating)
Applied Materials, Inc provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits.
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