Applied Materials (AMAT) Earning Somewhat Favorable News Coverage, Analysis Finds

Media stories about Applied Materials (NASDAQ:AMAT) have trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Applied Materials earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave news stories about the manufacturing equipment provider an impact score of 46.5602681161075 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the news stories that may have effected Accern Sentiment’s scoring:

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AMAT has been the topic of a number of analyst reports. Wells Fargo initiated coverage on Applied Materials in a report on Tuesday, December 5th. They issued an “outperform” rating and a $65.00 price target on the stock. BidaskClub downgraded Applied Materials from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Zacks Investment Research upgraded Applied Materials from a “hold” rating to a “strong-buy” rating and set a $59.00 price target on the stock in a report on Friday, December 15th. Needham & Company LLC upgraded Applied Materials from a “buy” rating to a “strong-buy” rating and lifted their price target for the company from $66.00 to $72.00 in a report on Monday, January 8th. Finally, Vetr downgraded Applied Materials from a “strong-buy” rating to a “buy” rating and set a $62.50 price target on the stock. in a report on Monday, January 8th. Twenty-five equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $64.42.

AMAT traded down $2.72 on Monday, reaching $52.89. 20,760,109 shares of the stock were exchanged, compared to its average volume of 15,208,797. Applied Materials has a fifty-two week low of $37.41 and a fifty-two week high of $62.40. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.25 and a current ratio of 2.96. The stock has a market cap of $58,428.71, a P/E ratio of 16.27, a P/E/G ratio of 0.95 and a beta of 1.63.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results on Wednesday, February 14th. The manufacturing equipment provider reported $1.06 EPS for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.08. Applied Materials had a return on equity of 45.17% and a net margin of 18.53%. The company had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $4.10 billion. During the same quarter in the previous year, the firm posted $0.67 EPS. analysts predict that Applied Materials will post 4.41 EPS for the current fiscal year.

Applied Materials announced that its Board of Directors has approved a share buyback program on Wednesday, February 14th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the manufacturing equipment provider to reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 14th. Shareholders of record on Thursday, May 24th will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, May 23rd. This represents a $0.80 dividend on an annualized basis and a yield of 1.51%. This is a boost from Applied Materials’s previous quarterly dividend of $0.10. Applied Materials’s payout ratio is currently 12.31%.

In other Applied Materials news, VP Omkaram Nalamasu sold 53,466 shares of Applied Materials stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $53.00, for a total transaction of $2,833,698.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas J. Iannotti sold 15,000 shares of Applied Materials stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $61.47, for a total value of $922,050.00. Following the sale, the director now directly owns 76,967 shares of the company’s stock, valued at approximately $4,731,161.49. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 72,466 shares of company stock valued at $3,970,428. 0.35% of the stock is currently owned by insiders.

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About Applied Materials

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.

Insider Buying and Selling by Quarter for Applied Materials (NASDAQ:AMAT)

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