Applied Materials, Inc.’s stock is traded under the ticker symbol AMAT. The equity analysts at KeyCorp reduced their predictions for Applied Materials’ earnings per share for the second quarter of 2023 on January 12th. This was done in anticipation of Applied Materials’ expected performance. The previous estimate of the quarterly earnings per share of the manufacturing equipment provider provided by S. Barger, an analyst working for KeyCorp, has been reduced to $1.85 from $1.91. The change reflected a decrease in the company’s expectations for future performance. According to the current consensus estimate, Applied Materials’ profits per share are expected to come in at $6.83 for the entire year. In addition, according to the projections made by KeyCorp, Applied Materials will earn $1.65 per share in the third quarter of 2023, $1.59 per share in the first quarter of 2023, $1.74 per share in the second quarter of 2023, and $1.83 per share in the fourth quarter of 2023.
Several other analysts have recently provided their opinions regarding the company. B. Riley lowered their price objective on Applied Materials from $1400.00 to $125.00 in a research report published on Tuesday, October 4th. The stock of the company was the subject of the study. Susquehanna increased their price target on Applied Materials from $80.00 to $92.00 and gave the stock a “neutral” rating in a research report published on Friday, November 18th. The study focused on a variety of practical materials. Loop Capital published a research note on Applied Materials on December 6th, marking the beginning of the firm’s company coverage. They suggested making a “buy” investment in the company and established a price target of $125.00 for the stock. The price target Sanford C. Bernstein has established for Applied Materials has been raised to $130.00, as stated in a research study released on November 21st. The “outperform” rating was given to Applied Materials by Cowen in a research note published on November 18th. Before this, Applied Materials had been given the “market perform” recommendation. Nine equity research experts have assigned the company a rating of “hold,” while the remaining 19 analysts have assigned the company a rating of “buy.” The information made available by Bloomberg indicates that the share is currently rated as having a consensus recommendation of “Moderate Buy” and has an average price target of $118.64.
The first day of trading for AMAT was Monday, and the opening price was $109.97. The ratio of the current ratio to the quick ratio is 1.35, while the ratio of the current ratio to the quick ratio is 2.16. The ratio of debt to equity is 0.45. All of these metrics point to the fact that the company has a high valuation:
The market value of the company is $92.83 billion.
The P/E ratio is 14.78.
The PEG ratio is 2.34.
The beta value is 1.56, respectively.
The share price has had a moving average of $104.01 over the past fifty days, while the price has had a moving average of $96.69 over the past two hundred days. Applied Materials has seen its share price range from a low of $71.12 to a high of $167.06 over the past year.
Applied Materials (NASDAQ: AMAT) published its most recent quarterly results on Thursday, November 17th, 2017. The company that manufactures manufacturing equipment reported quarterly earnings per share of $2.03, which was $0.31 more than the analysts’ consensus estimate. Applied Materials achieved a return on equity of 56.62% in their business while maintaining a net margin of 25.31%. The company’s revenue for the quarter came in at $6.75 billion, significantly higher than the average prediction of $6.44 billion made by financial analysts. The corporation generated $1.94 per share during the same period in the previous year’s operations. The company’s quarterly revenue increased by 10.2% when measured against the results achieved during the same quarter in the preceding year.
In addition, the corporation just recently announced a quarterly dividend, which will be distributed on March 16th.
Shareholders who were still registered as holding their shares as of February 23rd will be eligible to receive a $0.26 dividend payment per share. This equates to an annual dividend payment of $1.04 and a dividend yield of 0.95 percent per year on the stock. On February 22nd, a decision will be made regarding whether or not this dividend will be distributed to shareholders. The dividend payout rate for Applied Materials, Inc. currently stands at 13.98% as of right now.
Recently, institutional investors and hedge funds adjusted the percentage of the company’s stock they held in their portfolios to better align with their investment strategies. Disciplined Investments LLC acquired 53.2% more Applied Materials stock during the third quarter than in the previous quarter. As a result of the purchase of an additional 117 shares during the most recent quarter, Disciplined Investments LLC now owns a total of 337 shares of the manufacturing equipment provider’s stock, which has a value of $28,000. This brings the total number of shares owned by the company to a round number of 337. The ownership stake in Applied Materials, held by Carolinas Wealth Consulting, LLC, was raised to 55.0 percent during the company’s third fiscal quarter. Carolinas Wealth Consulting LLC increased its holdings in the manufacturing equipment provider’s stock during the most recent quarter by purchasing an additional 132 shares. This brings the total number of shares it currently owns to 372, with a value of $30,000 for the investment. The value of JFS Wealth Advisors LLC’s holdings in Applied Materials increased by 113.1% during the second quarter compared to the previous quarter’s value. After making an additional 181 share purchase during the most recent reporting period, JFS Wealth Advisors LLC now owns 341 shares of the manufacturing equipment provider’s stock. The current market value of these 341 shares is $31,000. The most recent fiscal quarter was used for the purchase of these shares. The value of Emfo LLC’s holdings in Applied Materials increased by approximately 32,000 dollars during the third quarter due to the company’s investment. Last but certainly not least, Crewe Advisors LLC increased its holdings in Applied Materials during the second quarter, resulting in a gain of approximately $34,000 in the capital. Currently, 75.22% of the company’s shares are owned by hedge funds and other institutional investors.