Applied Materials Hails 'Tremendous Momentum'; EPS Growth Tops 100% Again

If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, AMAT earned gross profit of 3.84 Billion, in 2015 3.95 Billion gross profit, while in 2016 Applied Materials, Inc. 11,895,324 shares of the company's stock were exchanged.

Applied Materials, Inc. has a consensus outperform rating from 23 Wall Street analysts, and the number of shares now sold short amount to at least 1.24% of shares outstanding. The Stock now has a Weekly Volatility of 2.22% and Monthly Volatility of 1.68%. 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 in the last quarter. Independent Advisor Alliance purchased a new stake in Applied Materials during the fourth quarter worth about $105,000. Fisher Asset Management LLC bought a new stake in shares of Applied Materials during the first quarter valued at about $371,000. Virginia-based Thompson Davis And Company Incorporated has invested 0.35% in Applied Materials, Inc. Applied Materials has a one year low of $19.72 and a one year high of $45.08. Teachers Advisors LLC increased its stake in shares of Applied Materials by 2.8% in the fourth quarter. About 7.59 million shares traded. The company has a market cap of $46.47 billion, a PE ratio of 22.13 and a beta of 1.81. The firm's price-to-sales ratio was noted 1.48 in contrast with an overall industry average of 20.72.

Applied Materials (NASDAQ:AMAT) has insider ownership of 0.31% and institutional ownership of 82.52%. Analysts had estimated earnings of 76 cents a share on revenue of $3.53 billion.

The company reported an impressive total revenue of 10.83 Billion in the last fiscal year. Analysts have placed a $41.43 price target on Applied Materials, Inc., suggesting a -5.65% decline from recent close. Stockholders of record on Thursday, May 25th will be paid a $0.10 dividend.

On 3/9/2017 Applied Materials announced a quarterly dividend of $0.10 with an ex dividend date of which will be payable on 5/25/2017. When chip sales are soft or there is a glut in the market, Applied Materials' business dries up and its growth story - as well as the stock's momentum - go right out the window.

The average true range (ATR) was fashioned to allow traders to more precisely evaluate the daily volatility of an asset by using straightforward calculations. If you are accessing this report on another website, it was illegally stolen and reposted in violation of U.S. & global copyright and trademark laws. Moreover, Kempner Capital Management Inc. has 4.11% invested in the company for 175,190 shares.

AMAT has been the topic of a number of recent analyst reports. Zacks Investment Research raised Applied Materials from a "hold" rating to a "buy" rating and set a $40.00 price target on the stock in a research report on Friday, February 17th.

Some buy side analysts are also providing their Analysis on Applied Materials, Inc., where 8 analysts have rated the stock as Strong buy, 12 analysts have given a Buy signal, 3 said it's a HOLD, 0 reported it as Underperform and 0 analysts rated the stock as Sell. Summit Redstone reissued a "buy" rating on shares of Applied Materials in a research report on Saturday, January 21st.