B. Riley Forecasts Reduced Earnings for Applied Materials

Key Points

• B. Riley has lowered their Q1 2027 earnings estimate for Applied Materials to $2.65 per share, down from a previous forecast of $2.66.
• Multiple analysts have adjusted their ratings and price targets for Applied Materials, with Rothschild & Co reducing their rating from "buy" to "neutral" and setting a price objective at $200.00.
• Applied Materials announced a quarterly dividend of $0.46, reflecting an annualized yield of 1.0%, with the dividend payout ratio currently at 22.38%.

Applied Materials, Inc. (NASDAQ:AMAT - Free Report) - Investment analysts at B. Riley decreased their Q1 2027 earnings estimates for shares of Applied Materials in a research note issued to investors on Sunday, August 10th. B. Riley analyst C. Ellis now anticipates that the manufacturing equipment provider will post earnings per share of $2.65 for the quarter, down from their previous forecast of $2.66. B. Riley currently has a "Buy" rating and a $215.00 target price on the stock. The consensus estimate for Applied Materials' current full-year earnings is $9.38 per share. B. Riley also issued estimates for Applied Materials' Q2 2027 earnings at $2.69 EPS and Q3 2027 earnings at $2.83 EPS.

Other research analysts have also issued reports about the stock. Rothschild & Co Redburn lowered shares of Applied Materials from a "buy" rating to a "neutral" rating and set a $200.00 price objective for the company. in a research note on Monday, July 7th. UBS Group reissued a "neutral" rating and issued a $185.00 price target (up from $175.00) on shares of Applied Materials in a report on Monday, August 4th. Raymond James Financial reissued an "outperform" rating and issued a $200.00 price target (down from $225.00) on shares of Applied Materials in a report on Friday, May 16th. Redburn Atlantic downgraded shares of Applied Materials from a "strong-buy" rating to a "hold" rating and cut their price target for the company from $225.00 to $200.00 in a report on Monday, July 7th. Finally, Mizuho raised their price target on shares of Applied Materials from $195.00 to $220.00 and gave the company an "outperform" rating in a report on Monday, July 14th. Nine equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $204.09.

Applied Materials Stock Down 0.3%

Applied Materials stock opened at $184.38 on Tuesday. Applied Materials has a 1-year low of $123.74 and a 1-year high of $215.70. The firm has a market capitalization of $147.96 billion, a price-to-earnings ratio of 22.43, a P/E/G ratio of 2.06 and a beta of 1.70. The company has a current ratio of 2.46, a quick ratio of 1.76 and a debt-to-equity ratio of 0.29. The firm has a 50 day simple moving average of $182.71 and a 200 day simple moving average of $166.37.

Applied Materials (NASDAQ:AMAT - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The manufacturing equipment provider reported $2.39 earnings per share for the quarter, beating analysts' consensus estimates of $2.31 by $0.08. Applied Materials had a net margin of 24.06% and a return on equity of 40.15%. The business had revenue of $7.10 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same period in the previous year, the business earned $2.09 EPS. Applied Materials's revenue was up 6.8% compared to the same quarter last year.

Applied Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Thursday, August 21st. Applied Materials's dividend payout ratio (DPR) is presently 22.38%.

Insider Buying and Selling

In other Applied Materials news, CAO Adam Sanders sold 562 shares of the business's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $178.60, for a total value of $100,373.20. Following the transaction, the chief accounting officer owned 5,300 shares in the company, valued at approximately $946,580. The trade was a 9.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.24% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Applied Materials

Hedge funds have recently modified their holdings of the company. Skye Global Management LP purchased a new position in shares of Applied Materials in the fourth quarter valued at about $45,862,000. Value Partners Investments Inc. increased its position in shares of Applied Materials by 8.7% during the fourth quarter. Value Partners Investments Inc. now owns 9,896 shares of the manufacturing equipment provider's stock valued at $1,608,000 after buying an additional 793 shares during the period. Leonard Rickey Investment Advisors P.L.L.C. purchased a new position in shares of Applied Materials during the first quarter valued at about $230,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its position in shares of Applied Materials by 12.7% during the first quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 26,650 shares of the manufacturing equipment provider's stock valued at $3,867,000 after buying an additional 3,000 shares during the period. Finally, Humankind Investments LLC increased its position in shares of Applied Materials by 28.2% during the fourth quarter. Humankind Investments LLC now owns 1,503 shares of the manufacturing equipment provider's stock valued at $244,000 after buying an additional 331 shares during the period. Hedge funds and other institutional investors own 80.56% of the company's stock.

Applied Materials Company Profile

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.

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