Shares of Applied Materials, Inc. (NASDAQ:AMAT) have earned a consensus recommendation of “Buy” from the twenty-five ratings firms that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and twenty-two have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $56.51.

A number of brokerages have weighed in on AMAT. Credit Suisse Group reissued a “buy” rating on shares of Applied Materials in a research note on Tuesday, August 29th. Goldman Sachs Group, Inc. (The) raised Applied Materials from a “neutral” rating to a “buy” rating and increased their price target for the stock from $49.00 to $52.00 in a research note on Wednesday, September 13th. Morgan Stanley reissued an “overweight” rating on shares of Applied Materials in a research note on Thursday, September 14th. Vetr raised Applied Materials from a “hold” rating to a “buy” rating and set a $48.70 price target on the stock in a research note on Monday, July 31st. Finally, Nomura increased their price target on Applied Materials from $47.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, August 18th.

Shares of Applied Materials (NASDAQ AMAT) opened at 56.43 on Wednesday. Applied Materials has a 12-month low of $28.02 and a 12-month high of $56.82. The company has a 50 day moving average price of $51.76 and a 200 day moving average price of $45.86. The firm has a market cap of $60.18 billion, a PE ratio of 20.06 and a beta of 1.86.

Applied Materials (NASDAQ:AMAT) last posted its earnings results on Thursday, August 17th. The manufacturing equipment provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.02. Applied Materials had a return on equity of 40.74% and a net margin of 22.08%. The firm had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the prior year, the company earned $0.50 EPS. Applied Materials’s revenue was up 32.7% on a year-over-year basis. On average, analysts forecast that Applied Materials will post $3.21 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Friday, November 24th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.40 annualized dividend and a dividend yield of 0.71%. Applied Materials’s dividend payout ratio (DPR) is currently 14.18%.

In other Applied Materials news, Director Alexander Karsner sold 22,762 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $44.03, for a total value of $1,002,210.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Thomas F. Larkins sold 30,000 shares of the business’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $51.24, for a total transaction of $1,537,200.00. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the company. LeJeune Puetz Investment Counsel LLC acquired a new position in shares of Applied Materials during the third quarter worth approximately $105,000. MPS Loria Financial Planners LLC bought a new stake in shares of Applied Materials during the second quarter worth approximately $109,000. Mosaic Family Wealth LLC raised its stake in shares of Applied Materials by 56.1% during the third quarter. Mosaic Family Wealth LLC now owns 2,737 shares of the manufacturing equipment provider’s stock worth $142,000 after buying an additional 984 shares during the last quarter. Wunderlich Capital Managemnt increased its stake in Applied Materials by 2.9% in the second quarter. Wunderlich Capital Managemnt now owns 3,037 shares of the manufacturing equipment provider’s stock valued at $125,000 after purchasing an additional 87 shares in the last quarter. Finally, Bessemer Group Inc. increased its stake in Applied Materials by 145.4% in the second quarter. Bessemer Group Inc. now owns 3,067 shares of the manufacturing equipment provider’s stock valued at $126,000 after purchasing an additional 1,817 shares in the last quarter. Institutional investors own 79.51% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This article was posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this article on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The original version of this article can be viewed at https://theolympiareport.com/2017/11/01/applied-materials-inc-amat-receives-average-rating-of-buy-from-brokerages.html.

About Applied Materials

Analyst Recommendations for Applied Materials (NASDAQ:AMAT)

Receive News & Ratings for Applied Materials Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Materials Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.