Applied Materials (NASDAQ:AMAT)‘s stock had its “neutral” rating restated by equities researchers at Bank of America in a note issued to investors on Friday, Briefing.com Automated Import reports. They presently have a $52.00 price objective on the manufacturing equipment provider’s stock. Bank of America‘s price target would suggest a potential upside of 21.78% from the stock’s current price.

AMAT has been the topic of several other research reports. BidaskClub downgraded Applied Materials from a “hold” rating to a “sell” rating in a report on Friday, May 10th. Susquehanna Bancshares upgraded Applied Materials from a “neutral” rating to a “positive” rating and increased their price target for the company from $34.00 to $60.00 in a report on Wednesday, May 15th. ValuEngine downgraded Applied Materials from a “hold” rating to a “sell” rating in a report on Monday, February 4th. B. Riley upgraded Applied Materials from a “neutral” rating to a “buy” rating and increased their price target for the company from $46.00 to $54.00 in a report on Friday. Finally, Stifel Nicolaus lowered their price target on Applied Materials from $63.00 to $53.00 and set a “buy” rating on the stock in a report on Monday, February 11th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $52.60.

Shares of AMAT stock opened at $42.70 on Friday. Applied Materials has a 12 month low of $28.79 and a 12 month high of $53.23. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.74 and a current ratio of 2.72. The company has a market cap of $40.54 billion, a price-to-earnings ratio of 9.60, a P/E/G ratio of 1.79 and a beta of 1.66.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings results on Thursday, May 16th. The manufacturing equipment provider reported $0.70 EPS for the quarter, beating the consensus estimate of $0.66 by $0.04. Applied Materials had a return on equity of 49.38% and a net margin of 22.10%. The company had revenue of $3.54 billion for the quarter, compared to the consensus estimate of $3.48 billion. During the same quarter last year, the company posted $1.22 earnings per share. The company’s revenue for the quarter was down 22.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Applied Materials will post 2.94 earnings per share for the current fiscal year.

In other news, Director Stephen R. Forrest sold 2,000 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $42.45, for a total value of $84,900.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Omkaram Nalamasu sold 143,255 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $40.73, for a total transaction of $5,834,776.15. The disclosure for this sale can be found here. In the last 90 days, insiders sold 170,255 shares of company stock worth $6,987,176. 0.44% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in AMAT. Inscription Capital LLC acquired a new stake in Applied Materials during the first quarter worth $25,000. Squar Milner Financial Services LLC boosted its stake in Applied Materials by 190.8% during the first quarter. Squar Milner Financial Services LLC now owns 698 shares of the manufacturing equipment provider’s stock worth $27,000 after buying an additional 458 shares in the last quarter. Sontag Advisory LLC acquired a new stake in Applied Materials during the fourth quarter worth $30,000. Bruderman Asset Management LLC acquired a new stake in Applied Materials during the fourth quarter worth $31,000. Finally, Lenox Wealth Advisors LLC boosted its stake in Applied Materials by 73.7% during the first quarter. Lenox Wealth Advisors LLC now owns 780 shares of the manufacturing equipment provider’s stock worth $31,000 after buying an additional 331 shares in the last quarter. Institutional investors and hedge funds own 78.26% of the company’s stock.

Applied Materials Company Profile

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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Analyst Recommendations for Applied Materials (NASDAQ:AMAT)

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