Applied Materials, Inc. (AMAT) Rating Lowered to Buy at BidaskClub

Paterniano Del Favero
Agosto 5, 2017

Regentatlantic Capital LLC reduced its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 1.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,508 shares of the manufacturing equipment provider's stock after selling 230 shares during the period.

A number of other equities analysts also recently commented on AMAT. Atria Investments LLC boosted its position in Applied Materials by 21.9% in the first quarter. Capital Management Corp VA now owns 231,324 shares of the manufacturing equipment provider's stock valued at $8,998,000 after buying an additional 4,076 shares during the period.

COPYRIGHT VIOLATION NOTICE: "Applied Materials, Inc". Vanguard Group Inc. now owns 73,362,409 shares of the manufacturing equipment provider's stock valued at $2,853,797,000 after buying an additional 2,441,471 shares during the period. Finally, Teachers Advisors LLC raised its stake in Applied Materials by 2.8% in the fourth quarter. Eastern Bank boosted its position in Applied Materials by 5.2% in the first quarter. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of Applied Materials during the first quarter worth about $386,000. North Star Investment Management Corp. now owns 6,856 shares of the manufacturing equipment provider's stock worth $283,000 after buying an additional 216 shares in the last quarter. James Investment Research Inc. now owns 3,050 shares of the manufacturing equipment provider's stock valued at $119,000 after buying an additional 1,450 shares during the period.

Shares of Applied Materials, Inc. (NASDAQ:AMAT) traded up 0.28% during trading on Friday, hitting $42.82. 7,510,942 shares of the company were exchanged. Applied Materials has a 1-year low of $25.86 and a 1-year high of $47.86. The firm has a market capitalization of $46.02 billion, a price-to-earnings ratio of 17.71 and a beta of 1.82. The firm's 50-day moving average price is $44.39 and its 200 day moving average price is $40.57.

Applied Materials (NASDAQ:AMAT) last announced its earnings results on Thursday, May 18th. The manufacturing equipment provider reported $0.79 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.76 by $0.03. The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.54 billion. Applied Materials had a return on equity of 38.28% and a net margin of 20.41%. The business's revenue was up 44.7% on a year-over-year basis. During the same quarter a year ago, the firm posted $0.34 earnings per share. On average, analysts anticipate that Applied Materials, Inc. will post $3.11 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 24th will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, August 22nd. This represents a $0.40 dividend on an annualized basis and a yield of 0.93%. Applied Materials's payout ratio is presently 16.46%.

ILLEGAL ACTIVITY WARNING: "Becker Capital Management Inc". Invests $206,000 in Applied Materials, Inc. "(NASDAQ:AMAT) Cut to "Buy" at BidaskClub" was posted by Rincon Hill News and is the sole property of of Rincon Hill News. If you are reading this news story on another domain, it was copied illegally and republished in violation of United States and global copyright law. The legal version of this news story can be accessed at https://www.chaffeybreeze.com/2017/08/05/applied-materials-inc-amat-rating-lowered-to-buy-at-bidaskclub.html.

Several analysts have recently weighed in on the stock. BidaskClub lowered Applied Materials from a "strong-buy" rating to a "buy" rating in a report on Wednesday. Deutsche Bank AG reissued a "buy" rating and set a $48.00 target price (up from $45.00) on shares of Applied Materials in a research note on Friday, May 19th. Cowen and Company reiterated a "buy" rating and set a $50.00 price objective on shares of Applied Materials in a research note on Friday, July 28th. Finally, Stifel Nicolaus increased their price objective on shares of Applied Materials from $42.00 to $50.00 and gave the stock a "buy" rating in a report on Monday, May 15th. Four investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Finally, Citigroup Inc. reaffirmed a buy rating and issued a $50.00 price objective on shares of Applied Materials in a report on Wednesday, May 17th.

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