Applied Materials (NASDAQ:AMAT) had its target price trimmed by Cowen from $62.00 to $47.00 in a research report released on Tuesday, Marketbeat reports. The firm currently has an outperform rating on the manufacturing equipment provider’s stock.
A number of other equities research analysts have also recently commented on AMAT. Zacks Investment Research reiterated a hold rating on shares of Applied Materials in a research note on Monday, November 12th. Craig Hallum decreased their price target on Applied Materials from $65.00 to $44.00 and set a buy rating for the company in a research note on Friday, November 16th. KeyCorp reiterated an overweight rating and issued a $56.00 price target (down from $71.00) on shares of Applied Materials in a research note on Friday, November 16th. Summit Insights cut Applied Materials from a buy rating to a hold rating in a research note on Friday, November 16th. Finally, BidaskClub upgraded Applied Materials from a sell rating to a hold rating in a research note on Friday, November 16th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $52.14.
Applied Materials stock opened at $35.19 on Tuesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.64 and a quick ratio of 1.73. Applied Materials has a one year low of $30.53 and a one year high of $62.40. The stock has a market capitalization of $34.59 billion, a price-to-earnings ratio of 7.91, a price-to-earnings-growth ratio of 1.13 and a beta of 1.60.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Friday, November 23rd will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.27%. The ex-dividend date is Wednesday, November 21st. Applied Materials’s dividend payout ratio (DPR) is 17.98%.
Institutional investors have recently bought and sold shares of the stock. Kaizen Advisory LLC grew its holdings in Applied Materials by 147.4% in the second quarter. Kaizen Advisory LLC now owns 2,561 shares of the manufacturing equipment provider’s stock valued at $118,000 after purchasing an additional 1,526 shares during the period. Rational Advisors LLC grew its holdings in Applied Materials by 5,102.0% in the second quarter. Rational Advisors LLC now owns 2,601 shares of the manufacturing equipment provider’s stock valued at $120,000 after purchasing an additional 2,551 shares during the period. AdvisorNet Financial Inc grew its holdings in Applied Materials by 127.1% in the second quarter. AdvisorNet Financial Inc now owns 3,054 shares of the manufacturing equipment provider’s stock valued at $141,000 after purchasing an additional 1,709 shares during the period. Amussen Hunsaker Associates LLC acquired a new stake in Applied Materials in the second quarter valued at approximately $162,000. Finally, LFA Lugano Financial Advisors SA acquired a new stake in Applied Materials in the second quarter valued at approximately $177,000. 78.74% of the stock is currently owned by hedge funds and other institutional investors.
About Applied Materials
Applied Materials, Inc engages in the provision of materials engineering solutions used to produce new chip and advanced display. It operates through the following segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment includes semiconductor capital equipment for deposition, etch, ion implantation, rapid thermal processing, chemical mechanical planarization, metrology and inspection, and wafer level packaging.
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