Credit Suisse Group Increases Applied Materials, Inc. (AMAT) Price Target to $62.00

Pinnacle Bank bought a new position in shares of Applied Materials during the first quarter valued at $113,000. (NASDAQ:AMAT) by 4.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). Outfitter Advisors LTD. now owns 40,400 shares of the manufacturing equipment provider's stock worth $1,572,000 after buying an additional 600 shares in the last quarter.

A number of other research analysts have also recently commented on the company. State of Alaska Department of Revenue acquired a new position in Applied Materials during the first quarter worth $114,000. Hartwell J M Limited Partnership boosted its position in Applied Materials by 18.4% in the first quarter. The stock had a trading volume of 10,761,599 shares. Wealth Enhancement Advisory Services LLC acquired a new position in Applied Materials during the first quarter worth approximately $771,000.

On 8/18/2017, Credit Suisse released a statement for Applied Materials Inc.

Institutional investors have recently bought and sold shares of the company. Hanson McClain Inc. now owns 3,360 shares of the manufacturing equipment provider's stock worth $131,000 after buying an additional 139 shares during the period.

WARNING: "Murphy Pohlad Asset Management LLC Has $868,000 Position in Applied Materials, Inc". (AMAT) opened at 44.30 on Friday.

Applied Materials, Inc. has a 1-year low of $27.56 and a 1-year high of $47.86. The firm has a 50-day moving average price of $44.26 and a 200-day moving average price of $40.97. The company has a market capitalization of $47.45 billion, a P/E ratio of 15.75 and a beta of 1.82.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data on Thursday, August 17th. The manufacturing equipment provider reported $0.79 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.76 by $0.03. The company had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.54 billion. Applied Materials had a return on equity of 38.28% and a net margin of 20.41%. The firm's revenue for the quarter was up 44.7% compared to the same quarter a year ago. During the same quarter past year, the company posted $0.50 earnings per share.

Shares of Applied Materials, Inc.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 24th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Tuesday, August 22nd. Applied Materials's dividend payout ratio (DPR) is presently 14.18%.

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A total of 21 brokers have issued a research note on AMAT. Zacks Investment Research lowered shares of Applied Materials from a "buy" rating to a "hold" rating in a research note on Monday, August 14th. Bank of America Corporation reaffirmed a "buy" rating and set a $54.00 price target (up previously from $45.00) on shares of Applied Materials in a research report on Wednesday, May 17th. Finally, Stifel Nicolaus reissued a "buy" rating and issued a $61.00 price objective (up previously from $55.00) on shares of Applied Materials in a research note on Friday. Finally, Vetr upgraded Applied Materials from a "buy" rating to a "strong-buy" rating and set a $46.48 price target for the company in a research report on Thursday, June 29th. Five equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. Applied Materials now has a consensus rating of "Buy" and an average target price of $43.34.

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