FY2025 EPS Estimate for Applied Materials Cut by Analyst

Applied Materials, Inc. (NASDAQ:AMAT - Free Report) - Research analysts at Cantor Fitzgerald cut their FY2025 EPS estimates for shares of Applied Materials in a note issued to investors on Friday, February 14th. Cantor Fitzgerald analyst C. Muse now anticipates that the manufacturing equipment provider will earn $9.40 per share for the year, down from their previous forecast of $9.47. Cantor Fitzgerald has a "Overweight" rating and a $250.00 price objective on the stock. The consensus estimate for Applied Materials' current full-year earnings is $9.41 per share.

Several other equities research analysts have also recently commented on the stock. Morgan Stanley reaffirmed an "underweight" rating and issued a $164.00 target price (down from $179.00) on shares of Applied Materials in a research report on Thursday, December 5th. The Goldman Sachs Group dropped their target price on shares of Applied Materials from $230.00 to $202.00 and set a "buy" rating for the company in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Applied Materials from $220.00 to $200.00 and set a "hold" rating for the company in a research report on Friday, November 15th. Citigroup raised their target price on shares of Applied Materials from $194.00 to $202.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Susquehanna lifted their price target on shares of Applied Materials from $155.00 to $165.00 and gave the company a "neutral" rating in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, Applied Materials currently has an average rating of "Moderate Buy" and a consensus target price of $215.38.

Applied Materials Trading Up 1.1 %

Shares of NASDAQ:AMAT traded up $1.98 on Monday, hitting $176.04. The company had a trading volume of 6,162,014 shares, compared to its average volume of 6,686,833. The firm's 50-day simple moving average is $175.45 and its two-hundred day simple moving average is $183.98. Applied Materials has a 1 year low of $158.96 and a 1 year high of $255.89. The company has a quick ratio of 1.96, a current ratio of 2.67 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $143.07 billion, a price-to-earnings ratio of 23.01, a P/E/G ratio of 1.82 and a beta of 1.53.

Applied Materials (NASDAQ:AMAT - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The manufacturing equipment provider reported $2.38 earnings per share for the quarter, beating the consensus estimate of $2.28 by $0.10. Applied Materials had a net margin of 22.95% and a return on equity of 39.50%.

Applied Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be paid a $0.40 dividend. The ex-dividend date is Thursday, February 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.91%. Applied Materials's dividend payout ratio is presently 20.92%.

Institutional Trading of Applied Materials

Several large investors have recently added to or reduced their stakes in AMAT. Crews Bank & Trust bought a new stake in Applied Materials during the fourth quarter valued at approximately $28,000. FPC Investment Advisory Inc. bought a new stake in Applied Materials during the fourth quarter valued at approximately $28,000. YANKCOM Partnership bought a new stake in Applied Materials during the fourth quarter valued at approximately $32,000. MidAtlantic Capital Management Inc. bought a new stake in Applied Materials during the third quarter valued at approximately $37,000. Finally, DT Investment Partners LLC grew its position in Applied Materials by 592.9% during the third quarter. DT Investment Partners LLC now owns 194 shares of the manufacturing equipment provider's stock valued at $39,000 after buying an additional 166 shares during the period. 80.56% of the stock is currently owned by institutional investors.

About Applied Materials

Applied Materials, Inc engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits.