(NASDAQ:AMAT) in a research note published on Monday morning.
AMAT has been the topic of a number of other research reports.
IBM Retirement Fund reduced its position in Applied Materials Inc. Finally, Needham & Company LLC reaffirmed a buy rating and issued a $40.00 price objective on shares of Applied Materials in a research report on Monday. 22 Analysts reported that the Price Target for Applied Materials, Inc. might touch $45 high while the Average Price Target and Low price Target is $38.23 and $27 respectively. The stock tapped a 52-week high of US$35.85 while the mean 12-month price target for the shares is US$37.14.
To analyze a stock, one should look for Upgrades and Downgrades of a stock.
Applied Materials, Inc. (NASDAQ:AMAT) went up 0.74% during trading on the USA exchange when it had traded 17.23M shares.
Microsoft Corporation has distance from 20-day Simple Moving Average (SMA20) of 1.75%, Distance from 50-Day Simple Moving Average of 3.12 percent and Distance from 200-Day Simple Moving Average of 13.74%.
Applied Materials, Inc. (NASDAQ:AMAT) reported its last quarterly earnings on Oct 16 where the firm reported its Actual EPS of $0.66/share against the analyst consensus estimate of $0.65/share.
(NASDAQ:AMAT) last announced results for quarter ended on 31 Oct 2016, disclosing EPS of $0.66. The company's revenue was up 45.2% compared to the same quarter a year ago. Insiders sold a total of 125,817 shares of company stock valued at $4,018,421 in the last quarter. On average, analysts predict that Applied Materials will post $2.46 EPS for the current fiscal year. If you are accessing this report on another site, it was illegally stolen and republished in violation of US & worldwide trademark and copyright law. If you are viewing this piece on another domain, it was illegally stolen and republished in violation of United States & worldwide copyright and trademark legislation. The correct version of this news story can be read at https://www.com-unik.info/2017/02/16/applied-materials-inc-amat-price-target-increased-to-35-00-by-analysts-at-royal-bank-of-canada.html.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Wednesday, February 22nd will be given a $0.10 dividend. Beta for Microsoft Corporation stands at 1.06 while its ATR (average true range) is 0.75. The ex-dividend date is Friday, February 17th. Applied Materials's payout ratio is presently 25.64%. Taking a look into the performance of AMAT stock, investor will come to know that the weekly performance for this stock is valued at -0.31%, resulting in a performance for the month at 6.58%. The shares were sold at an average price of $31.95, for a total value of $671,493.15. Raymond James Trust N.A. now owns 168,652 shares of the manufacturing equipment provider's stock worth $5,084,000 after buying an additional 3,281 shares during the period. Also, VP Thomas F. Larkins sold 100,000 shares of Applied Materials stock in a transaction that occurred on Wednesday, January 4th.
In other news, Director Stephen R. Forrest sold 4,800 shares of the company's stock in a transaction dated Tuesday, November 29th. The disclosure for this sale can be found here. The company's institutional ownership is monitored at 76 percent. MCF Advisors LLC raised its position in shares of Applied Materials by 0.3% in the third quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in Applied Materials during the fourth quarter valued at about $34,447,000. Robeco Institutional Asset Management B.V. boosted its stake in shares of Applied Materials by 602.4% in the second quarter. First Interstate Bank now owns 3,296 shares of the manufacturing equipment provider's stock valued at $106,000 after buying an additional 93 shares during the last quarter.