learningandfinance.com


Medical

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

Share
TKR+Dividend+History+Chart

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%.

Evacuations continue as a result of Port Hills fire
Prime Minister Bill English took a helicopter flight over the disaster zone and said the blazes may have been deliberately lit. The cause of the fire was not yet known and authorities were investigating.

Immigrants to boycott work to protest Trump
Paul, said numerous restaurant's employees were joining the movement and the owners want to stand in solidarity with them. Other restaurants, like Eataly Boston in the Back Bay, are supporting any employees who wish to take part in the strike.

Impact of Brokerage Rating on Campbell Soup Company(CPB)
Zacks Investment Research cut Campbell Soup from a "hold" rating to a "sell" rating in a research note on Tuesday, August 30th. COPYRIGHT VIOLATION WARNING: This piece of content was originally published by Ticker Report and is owned by of Ticker Report.

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.

Share