RBC Capital Mkts Just Issued "Sector Perform" Rating on Applied Materials (AMAT)

Is AMAT’s Revenue Growth Cyclical or Seasonal

In a report announced on 2/16/2017 RBC Capital bumped up the target of Applied Materials (NASDAQ:AMAT) from $30.00 to $35.00 indicating a potential downside of -0.01%. Nomura reissued a "buy" rating and issued a $31.00 price objective on shares of Applied Materials in a research note on Thursday, September 22nd. For trailing twelve months, EPS value for the stock is $1.40.

AMAT has been the topic of a number of other research reports. Applied Materials, Inc. The stock touched its 52-Week High on Feb 9, 2017 and 52-Week Low on Feb 18, 2016. The stock now has an average rating of Buy and a consensus price target of $33.19. Zacks Investment Research downgraded Applied Materials from a "buy" rating to a "hold" rating in a report on Wednesday, November 2nd. Post opening the session at $35.5, the shares hit an intraday low of $35.12 and an intraday high of $35.55 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red. Four analysts rating the company a strong buy, sixteen analysts rating the company a buy, two analysts rating the company a hold, one analyst rating the company a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $26.64.

Previously on Monday February 13, 2017, Stifel reported on Applied Materials (NASDAQ:AMAT) upped the target price from $37.00 to $42.00 that suggested an upside of 0.19%. They are well above their 200-day moving average now at $28.54 and the 50-day moving average at $33.50.

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.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings results on Wednesday, February 15th. The difference between the actual and expected EPS is $0.01 a share with a surprise factor of 1.5%. During the same period in the prior year, the business posted $0.26 earnings per share. If you are accessing this report on another site, it was illegally stolen and republished in violation of USA & global trademark and copyright law. If you are viewing this story on another website, it was illegally stolen and republished in violation of U.S. and global trademark & copyright laws.

On 12/1/2016 Applied Materials announced a quarterly dividend of $0.10 1.27% with an ex dividend date of 2/17/2017 which will be payable on 3/15/2017. The ex-dividend date of this dividend is Friday, February 17th.

Applied Materials, Inc. will next provide financial results for the January 2017 quarter. Castleark Management LLC now owns 1,280,553 shares of the manufacturing equipment provider's stock valued at $41,323,000 after buying an additional 75,053 shares during the last quarter. With the two new records, the company was able to generate $646 million in cash from operations and returned $238 million to shareholders through stock repurchases and cash dividends. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

In other news, Director Stephen R. Forrest sold 4,800 shares of the stock in a transaction dated Tuesday, November 29th. The stock was sold at an average price of $31.86, for a total transaction of $152,928.00. Following the completion of the transaction, the vice president now owns 482,782 shares in the company, valued at $15,420,057.08. The disclosure for this sale can be found here. Insiders own 0.31% of the company's stock.

Hedge funds have recently made changes to their positions in the stock. MCF Advisors LLC raised its position in shares of Applied Materials by 0.3% in the third quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of Applied Materials by 602.4% in the second quarter.



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