Published: Sat, May 20, 2017
Economy | By Annette Adams

Applied Materials Inc (NASDAQ:AMAT) 2016 Q4 Institutional Investor Sentiment Steady

Applied Materials Inc (NASDAQ:AMAT) 2016 Q4 Institutional Investor Sentiment Steady

The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/05/19/needham-company-llc-increases-applied-materials-inc-amat-price-target-to-50-00.html. The manufacturing equipment provider reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.03. (NASDAQ:AMAT) on Monday, August 15 with "Buy" rating. Applied Materials Inc. had 69 analyst reports since August 4, 2015 according to SRatingsIntel. Over the short term, some market observers may have noticed that Applied Materials, Inc. has a 1.24% short float with 15 days to cover.

19 number of analysts have estimated the sales of the company for the quarter ending May 18, 2017, analysts estimated mean sale target of 3417.21 million while high and low sale targets are estimated at 3756 million and 3057 million respectively.

After settling last night at $95.83, ADSK stock is up 14% in electronic trading - on track to open the session well above its May 16 record high of $98.05. The stock gained 8.94 percent over the past month and ross 32.51 percent year-to-date.

ILLEGAL ACTIVITY WARNING: This news story was reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this piece on another publication, it was illegally copied and republished in violation of US & global trademark and copyright laws. Analysts are forecasting earnings of $0.76 on a per share basis this quarter.

Several other equities research analysts have also weighed in on the company.

Analysts on average have given a price target of $41.43 to Applied Materials, Inc.

While looking at the Stock's Performance, Applied Materials, Inc. now shows a Weekly Performance of -0.26%, where Monthly Performance is 12.38%, Quarterly performance is 20.83%, 6 Months performance is 48.39% and yearly performance percentage is 120.76%.

Applied has managed to increase its market share in logic, DRAM, and NAND over the last several years and is now the leading equipment company for all these markets. Finally, Zacks Investment Research lowered shares of Applied Materials from a "buy" rating to a "hold" rating in a research note on Wednesday, January 25th. At recent closing price of $75.98, UAL has a chance to add $9.65 or 12.7% in 52 weeks, based on mean target price ($85.63) placed by analysts.The analyst consensus opinion of 2.2 looks like a hold. The stock has an average rating of "Buy" and a consensus price target of $39.45. The stock has been active on the tape, now trading at $43.91, up from yesterday's close by 2.69%. The company's current price-earnings ratio amounts to 23.06 times earnings, above the average P/E ratio of 22.86 times earnings. The stock has a 50 day moving average of $40.59 and a 200 day moving average of $35.57.

Currently, the market capitalization of Applied Materials, Inc. (NASDAQ:AMAT) on Thursday, October 8 with "Overweight" rating.

The company generated $898 million in cash from operations and returned $390 million to shareholders through stock repurchases and cash dividends. The day's total volume of 15512561 this morning is in contrast from the three-month daily average of 8647.35K. It dropped, as 64 investors sold AMAT shares while 272 reduced holdings. Outfitter Advisors LTD. boosted its stake in Applied Materials by 66.0% in the third quarter. State Street Corp is the second biggest holder with 50 million shares now valued at 1.63 B million whilst BlackRock Fund Advisors has 41 million shares valued at 1.31 B million. First Interstate Bank now owns 3,296 shares of the manufacturing equipment provider's stock worth $106,000 after buying an additional 93 shares during the last quarter. While NAND flash sales expectedly grew by 48% over the prior quarter as manufacturers build out 3D NAND capacity, we were surprised to see DRAM revenue improve so significantly at 33% sequentially. Applied Materials's payout ratio is 25.64%.

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