Court Place Advisors LLC Maintains Position in Applied Materials, Inc. (AMAT)

Evrard Martin
Août 13, 2017

They now have $48.70 price target on the manufacturing equipment provider's stock.

A number of other large investors also recently made changes to their positions in AMAT. Vetr's price objective would suggest a potential upside of 13.05% from the stock's previous close. Cowen and Company restated a buy rating and set a $50.00 price target on shares of Applied Materials in a research report on Friday, July 28th. Credit Suisse Group upgraded shares of Applied Materials to a "buy" rating and set a $54.00 target price for the company in a research note on Friday, May 19th. Bank of America Corporation reaffirmed a "buy" rating and set a $54.00 target price (up previously 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 now has a consensus rating of "Buy" and an average price target of $46.60. (NASDAQ AMAT) traded up 2.50% during trading on Friday, reaching $43.08. Applied Materials, Inc. The company has a market cap of $46.30 billion, a PE ratio of 17.82 and a beta of 1.82. The firm's 50 day moving average price is $44.26 and its 200 day moving average price is $40.97. Applied Materials, Inc. has a 12 month low of $25.86 and a 12 month high of $47.86. Applied Materials also was the recipient of some unusual options trading activity on Wednesday. Traders acquired 2,307 call options on the company. This is an increase of approximately 118% compared to the typical daily volume of 1,060 call options.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results on Thursday, May 18th. The manufacturing equipment provider reported $0.79 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.76 by $0.03. The business had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.54 billion. Applied Materials had a net margin of 20.41% and a return on equity of 38.28%. Applied Materials's revenue was up 44.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.34 earnings per share. On average, analysts predict that Applied Materials will post $3.11 EPS for the current year. "(AMAT) Stock Rating Upgraded by Vetr Inc." was published by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this report on another website, it was copied illegally and reposted in violation of U.S. & global copyright and trademark law. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/08/12/pensionfund-sabic-maintains-stake-in-applied-materials-inc-amat-updated-updated.html.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 24th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $0.40 annualized dividend and a dividend yield of 0.93%. Applied Materials's dividend payout ratio (DPR) is now 16.46%.

Large investors have recently bought and sold shares of the company. Reilly Financial Advisors LLC boosted its position in shares of Applied Materials by 78.0% in the first quarter. Bank of Montreal Can now owns 10,297,620 shares of the manufacturing equipment provider's stock valued at $400,579,000 after buying an additional 1,302,973 shares during the last quarter. Pinnacle Bank purchased a new position in shares of Applied Materials during the first quarter valued at about $113,000. Guardian Life Insurance Co. of America now owns 4,170 shares of the manufacturing equipment provider's stock worth $162,000 after buying an additional 29 shares during the last quarter. Adirondack Trust Co. increased its position in shares of Applied Materials by 1.1% in the second quarter. The fund bought 25,100 shares of the manufacturing equipment provider's stock, valued at approximately $1,036,000. Finally, Highbridge Capital Management LLC raised its stake in shares of Applied Materials by 108.8% in the fourth quarter. The institutional investor owned 563,348 shares of the manufacturing equipment provider's stock after selling 8,409 shares during the period. State of Alaska Department of Revenue purchased a new position in shares of Applied Materials during the first quarter valued at about $114,000. 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. Institutional investors and hedge funds own 80.24% of the company's stock.

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