Polianta Ltd Acquires New Position in Applied Materials, Inc. (NASDAQ:AMAT)

13 Août, 2017, 10:18 | Author: Cyril Hebras
  • Why the Global Services Division Is Important for AMAT’s Earnings

Grimes & Company Inc. increased its position in shares of Applied Materials, Inc. Vetr's price objective would indicate a potential upside of 9.84% from the stock's current price.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vetr's price objective would suggest a potential upside of 13.05% from the stock's previous close. UBS AG reaffirmed a "buy" rating and set a $51.00 target price (up previously from $44.00) on shares of Applied Materials in a research report on Wednesday, May 17th. Needham & Company LLC increased their price target on Applied Materials from $43.00 to $50.00 and gave the company a "buy" rating in a report on Monday, May 15th. Bank of America Corporation reaffirmed a "buy" rating and set a $54.00 price target (up from $45.00) on shares of Applied Materials in a research report on Wednesday, May 17th. Four research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company's stock. The company presently has a consensus rating of Buy and a consensus price target of $46.60. (AMAT) opened at 43.08 on Friday. Applied Materials, Inc. The firm has a market capitalization of $46.30 billion, a price-to-earnings ratio of 17.82 and a beta of 1.82. The firm has a 50-day moving average price of $44.26 and a 200 day moving average price of $40.97.

Applied Materials, Inc. has a one year low of $27.00 and a one year high of $47.86. Applied Materials also was the target of some unusual options trading activity on Wednesday. LSV Asset Management now owns 7,572,100 shares of the manufacturing equipment provider's stock worth $294,554,000 after buying an additional 4,561,500 shares in the last quarter. This is an increase of 118% compared to the average daily volume of 1,060 call options.

Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, May 18th. The manufacturing equipment provider reported $0.79 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.76 by $0.03. The firm had revenue of $3.55 billion during the quarter, compared to analysts' expectations of $3.54 billion. Applied Materials had a return on equity of 38.28% and a net margin of 20.41%. Applied Materials's revenue for the quarter was up 44.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.34 earnings per share. Equities analysts expect that Applied Materials, Inc. will post $3.11 EPS for the current year.

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Shares of Applied Materials, Inc. "(AMAT) Stock Rating Upgraded by Vetr Inc." was published by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this article on another website, it was illegally copied and reposted in violation of United States and worldwide copyright law. The original version of this piece of content can be read at https://rinconhillneighbors.org/2017/08/13/applied-materials-inc-nasdaqamat-stake-lowered-by-washington-trust-bank-updated.html.

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

A number of analysts recently issued reports on AMAT shares. Reilly Financial Advisors LLC boosted its position in shares of Applied Materials by 78.0% in the first quarter. Teachers Advisors LLC now owns 3,956,864 shares of the manufacturing equipment provider's stock valued at $127,688,000 after buying an additional 109,324 shares during the period. Guardian Life Insurance Co. of America increased its stake in shares of Applied Materials by 0.7% in the first quarter. Capital Management Corp VA increased its stake in Applied Materials by 1.8% in the first quarter. BlackRock Inc. now owns 67,009,706 shares of the manufacturing equipment provider's stock worth $2,606,676,000 after buying an additional 63,912,660 shares in the last quarter. Finally, Karp Capital Management Corp acquired a new stake in Applied Materials during the first quarter valued at approximately $17,549,000. Affinity Wealth Management now owns 6,387 shares of the manufacturing equipment provider's stock valued at $264,000 after buying an additional 48 shares during the period. Chevy Chase Trust Holdings Inc. raised its stake in shares of Applied Materials by 2.4% in the first quarter. Regentatlantic Capital LLC now owns 18,738 shares of the manufacturing equipment provider's stock valued at $729,000 after buying an additional 58 shares during the last quarter.

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