Research Analysts’ Weekly Ratings Updates for Applied Materials (AMAT)

Several analysts have recently updated their ratings and price targets for Applied Materials (NASDAQ: AMAT):

• 11/15/2024 – Applied Materials had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $250.00 price target on the stock.
• 11/15/2024 – Applied Materials had its price target lowered by analysts at Wells Fargo & Company from $235.00 to $220.00. They now have an “overweight” rating on the stock.
• 11/15/2024 – Applied Materials had its price target lowered by analysts at Evercore ISI from $260.00 to $250.00. They now have an “outperform” rating on the stock.
• 11/15/2024 – Applied Materials had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $220.00 to $200.00. They now have a “hold” rating on the stock.
• 11/15/2024 – Applied Materials had its price target lowered by analysts at Morgan Stanley from $185.00 to $179.00. They now have an “equal weight” rating on the stock.
• 11/15/2024 – Applied Materials had its price target lowered by analysts at Bank of America Co. from $220.00 to $210.00. They now have a “buy” rating on the stock.
• 11/15/2024 – Applied Materials had its price target lowered by analysts at TD Cowen from $250.00 to $230.00. They now have a “buy” rating on the stock.
• 11/15/2024 – Applied Materials had its price target lowered by analysts at Needham & Company LLC from $240.00 to $225.00. They now have a “buy” rating on the stock.
• 11/12/2024 – Applied Materials had its price target lowered by analysts at Stifel Nicolaus from $270.00 to $250.00. They now have a “buy” rating on the stock.
• 11/11/2024 – Applied Materials had its price target lowered by analysts at Susquehanna from $190.00 to $170.00. They now have a “neutral” rating on the stock.
• 10/11/2024 – Applied Materials had its price target lowered by analysts at Susquehanna from $215.00 to $190.00. They now have a “neutral” rating on the stock.
• 10/8/2024 – Applied Materials had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $250.00 price target on the stock.
• 10/3/2024 – Applied Materials had its price target lowered by analysts at Wells Fargo & Company from $260.00 to $235.00. They now have an “overweight” rating on the stock.

Applied Materials Price Performance

AMAT traded down $1.16 on Friday, reaching $174.59. The company had a trading volume of 2,238,152 shares, compared to its average volume of 6,153,447. The company has a fifty day moving average of $190.11 and a 200-day moving average of $205.97. The company has a market capitalization of $143.93 billion, a P/E ratio of 20.28, a PEG ratio of 1.59 and a beta of 1.56. The company has a current ratio of 2.51, a quick ratio of 1.87 and a debt-to-equity ratio of 0.29. Applied Materials, Inc. has a one year low of $144.57 and a one year high of $255.89.

Applied Materials (NASDAQ:AMAT) last announced its earnings results on Thursday, November 14th. The manufacturing equipment provider reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.19 by $0.13. The firm had revenue of $7.05 billion during the quarter, compared to analyst estimates of $6.96 billion. Applied Materials had a net margin of 26.41% and a return on equity of 39.26%. Applied Materials’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.12 EPS. As a group, equities research analysts anticipate that Applied Materials, Inc. will post 9.5 earnings per share for the current year.

Applied Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.60 annualized dividend and a dividend yield of 0.92%. Applied Materials’s dividend payout ratio (DPR) is 18.58%.

Hedge Funds Weigh In On Applied Materials

Several large investors have recently made changes to their positions in the business. SkyView Investment Advisors LLC boosted its position in shares of Applied Materials by 3.7% during the 3rd quarter. SkyView Investment Advisors LLC now owns 3,746 shares of the manufacturing equipment provider’s stock valued at $757,000 after purchasing an additional 133 shares in the last quarter. Advisory Resource Group boosted its position in shares of Applied Materials by 22.5% during the 3rd quarter. Advisory Resource Group now owns 24,867 shares of the manufacturing equipment provider’s stock valued at $5,024,000 after purchasing an additional 4,561 shares in the last quarter. Unigestion Holding SA boosted its holdings in shares of Applied Materials by 67.7% in the third quarter. Unigestion Holding SA now owns 6,951 shares of the manufacturing equipment provider’s stock worth $1,404,000 after buying an additional 2,806 shares during the period. Soltis Investment Advisors LLC boosted its holdings in shares of Applied Materials by 763.7% in the third quarter. Soltis Investment Advisors LLC now owns 38,072 shares of the manufacturing equipment provider’s stock worth $7,693,000 after buying an additional 33,664 shares during the period. Finally, Rehmann Capital Advisory Group boosted its holdings in shares of Applied Materials by 6.6% in the third quarter. Rehmann Capital Advisory Group now owns 5,913 shares of the manufacturing equipment provider’s stock worth $1,196,000 after buying an additional 366 shares during the period. Institutional investors own 80.56% of the company’s stock.

Applied Materials, Inc engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company 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.