Applied Materials, Inc. (NASDAQ:AMAT) Shares Could Hit $40

Applied Materials

IBM Retirement Fund's holdings in Applied Materials were worth $3,099,000 at the end of the most recent quarter.

A number of institutional investors have recently bought and sold shares of AMAT. Independent Advisor Alliance purchased a new stake in Applied Materials during the fourth quarter valued at about $105,000. Corporate insiders own 0.31% of the company's stock. The stock has a 1-month performance of 3.82 percent and is 4.48 percent year-to-date as of the recent close. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Applied Materials by 0.4% in the fourth quarter. Stanley Laman Group Ltd. raised its position in shares of Applied Materials by 1.0% in the third quarter.

The current consensus rating on Applied Materials (NASDAQ:AMAT) is Buy (Score: 2.75) with a consensus target price of $33.77 per share, a potential 4.84% downside. (NASDAQ:AMAT) stock opened its trade at $35.46 and after floating in a range of $35.26 to $35.74, settled at $35.49. The stock has a quick ratio of 1.70 and a current ratio of 2.30. Looking at the stock's movement on the chart, Applied Materials, Inc. recorded a 52-week high of $35.85. The firm has a 50-day moving average price of $34.05 and a 200-day moving average price of $30.79. Operating margin grew 8.9 points year over year to 24.6 percent, and diluted earnings per share (EPS) grew by 160 percent year over year to $0.65. Applied Materials had a return on equity of 28.09% and a net margin of 15.90%. Sales during the quarter are predicted to arrive at $3.27 billion. The share price of $35.49 is at a distance of 123.39 percent from its 52-week low and down -1 percent versus its peak. You can get a sense of how sustainable that is by a levered free cash flow of $2.21 Billion over the past twelve months.

The 23 analysts offering 12-month price forecasts for Applied Materials Inc have a median target of 37.00, with a high estimate of 43.00 and a low estimate of 25.00. Shareholders of record on Wednesday, February 22nd will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, February 17th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.13%.

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Applied Materials develops, manufactures, markets and services semiconductor wafer fabrication equipment and related spare parts for the worldwide semiconductor industry.

A total of 21 analysts have released a research note on Applied Materials.

This outlook for non-GAAP adjusted diluted EPS excludes known charges related to accomplished acquisitions of $0.04 per share, but does not reflect any items that are unknown at this time, such as any additional charges related to acquisitions or other non-operational or unusual items, in addition to other tax related items, which we are not able to predict without unreasonable efforts due to their inherent uncertainty. Evercore ISI restated a buy rating and issued a $38.00 target price (up previously from $34.00) on shares of Applied Materials in a research report on Friday, December 16th. Seven research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of "Buy" and a consensus price target of $32.26. The shares were sold at an average price of $31.86, for a total transaction of $152,928.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gary E. Dickerson sold 229,935 shares of the stock in a transaction dated Friday, October 7th. The stock was sold at an average price of $31.94, for a total transaction of $3,194,000.00. The disclosure for this sale can be found here.