Applied Materials (NASDAQ:AMAT) had its price objective lifted by investment analysts at Deutsche Bank Aktiengesellschaft from $150.00 to $160.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a "buy" rating on the manufacturing equipment provider's stock. Deutsche Bank Aktiengesellschaft's target price would indicate a potential upside of 18.47% from the stock's current price.
Several other analysts have also recently issued reports on AMAT. The Goldman Sachs Group upped their price objective on Applied Materials from $133.00 to $151.00 and gave the stock a "buy" rating in a report on Tuesday, April 13th. Argus increased their price target on Applied Materials from $90.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, January 7th. Morgan Stanley increased their price target on Applied Materials from $104.00 to $113.00 and gave the company an "equal weight" rating in a report on Thursday, February 25th. Mizuho increased their price target on Applied Materials from $130.00 to $155.00 and gave the company a "buy" rating in a report on Tuesday, April 13th. Finally, JPMorgan Chase & Co. increased their price target on Applied Materials from $88.00 to $146.00 and gave the company an "overweight" rating in a report on Friday, February 19th. Five research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company's stock. Applied Materials currently has a consensus rating of "Buy" and an average target price of $144.08.
Shares of AMAT opened at $135.05 on Thursday. The stock has a market capitalization of $123.93 billion, a price-to-earnings ratio of 34.45, a price-to-earnings-growth ratio of 2.06 and a beta of 1.48. Applied Materials has a 1 year low of $46.22 and a 1 year high of $146.00. The business's 50 day simple moving average is $125.56 and its 200-day simple moving average is $96.68. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.00 and a quick ratio of 2.12.
Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings data on Wednesday, February 17th. The manufacturing equipment provider reported $1.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.28 by $0.11. The business had revenue of $5.16 billion for the quarter, compared to analysts' expectations of $4.98 billion. Applied Materials had a return on equity of 40.65% and a net margin of 21.04%. During the same period in the prior year, the firm earned $0.98 EPS. On average, sell-side analysts expect that Applied Materials will post 4.97 earnings per share for the current year.
In other Applied Materials news, Director Thomas J. Iannotti sold 15,000 shares of the company's stock in a transaction on Wednesday, March 31st. The stock was sold at an average price of $131.95, for a total value of $1,979,250.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gary E. Dickerson sold 105,184 shares of Applied Materials stock in a transaction that occurred on Friday, April 9th. The stock was sold at an average price of $140.00, for a total transaction of $14,725,760.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 170,184 shares of company stock worth $23,752,510. Corporate insiders own 0.41% of the company's stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of AMAT. Prestige Wealth Management Group LLC grew its holdings in shares of Applied Materials by 42.1% during the 4th quarter. Prestige Wealth Management Group LLC now owns 297 shares of the manufacturing equipment provider's stock valued at $25,000 after acquiring an additional 88 shares in the last quarter. Key Financial Inc bought a new stake in Applied Materials during the fourth quarter worth about $26,000. Paces Ferry Wealth Advisors LLC acquired a new stake in Applied Materials in the third quarter worth $31,000. Curi Capital acquired a new stake in shares of Applied Materials during the fourth quarter worth $31,000. Finally, GPS Wealth Strategies Group LLC acquired a new stake in shares of Applied Materials during the first quarter worth $33,000. Hedge funds and other institutional investors own 78.80% of the company's stock.
About Applied Materials
Applied Materials, Inc provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It 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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