3 days Ago By ABMN Staff
Applied Materials ( NASDAQ:AMAT – Get Free Report ) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Saturday. Other equities analysts also recently issued reports about the company.
Needham & Company LLC restated a “buy” rating and issued a $260.00 price objective on shares of Applied Materials in a research report on Friday, August 16th. Mizuho boosted their price target on Applied Materials from $225.
00 to $245.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Applied Materials from $260.
00 to $230.00 and set a “hold” rating for the company in a report on Friday, August 16th. Citigroup lowered their target price on shares of Applied Materials from $250.
00 to $240.00 and set a “buy” rating on the stock in a report on Monday, August 5th. Finally, Stifel Nicolaus cut their target price on shares of Applied Materials from $275.
00 to $270.00 and set a “buy” rating for the company in a research note on Friday, August 16th. Seven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock.
Based on data from MarketBeat, Applied Materials has an average rating of “Moderate Buy” and an average price target of $234.95. Read Our Latest Analysis on AMAT Applied Materials Stock Up 2.
9 % Applied Materials ( NASDAQ:AMAT – Get Free Report ) last issued its quarterly earnings results on Thursday, August 15th. The manufacturing equipment provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.
02 by $0.10. The business had revenue of $6.
78 billion for the quarter, compared to the consensus estimate of $6.68 billion. Applied Materials had a net margin of 27.
74% and a return on equity of 39.99%. The company’s revenue for the quarter was up 5.
5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.90 earnings per share.
On average, equities research analysts predict that Applied Materials will post 8.49 earnings per share for the current year. Insider Buying and Selling at Applied Materials In other news, insider Prabu G.
Raja sold 50,000 shares of the firm’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $249.17, for a total transaction of $12,458,500.
00. Following the transaction, the insider now owns 458,417 shares in the company, valued at $114,223,763.89.
The sale was disclosed in a legal filing with the SEC, which is accessible through this link . In related news, insider Prabu G. Raja sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th.
The shares were sold at an average price of $249.17, for a total value of $12,458,500.00.
Following the completion of the transaction, the insider now owns 458,417 shares of the company’s stock, valued at $114,223,763.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link .
Also, Director Thomas J. Iannotti sold 9,827 shares of the company’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $236.
65, for a total value of $2,325,559.55. Following the sale, the director now owns 49,185 shares of the company’s stock, valued at approximately $11,639,630.
25. The disclosure for this sale can be found here . 0.
29% of the stock is currently owned by corporate insiders. Institutional Inflows and Outflows Several large investors have recently modified their holdings of AMAT. Redmont Wealth Advisors LLC purchased a new position in shares of Applied Materials in the first quarter worth about $26,000.
Summit Securities Group LLC acquired a new position in shares of Applied Materials during the 2nd quarter worth approximately $26,000. Atlantic Edge Private Wealth Management LLC acquired a new position in Applied Materials during the fourth quarter worth $27,000. Fairfield Financial Advisors LTD acquired a new position in Applied Materials during the second quarter worth $28,000.
Finally, Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Applied Materials in the 1st quarter worth $35,000. Institutional investors own 80.56% of the company’s stock.
About Applied Materials ( Get Free Report ) 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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