Applied Materials, Inc. (NASDAQ:AMAT) registered a 1.17% increase, still its new closing price is 121.81% up from the company’s 1 year high of 33.90.It posted 1.69% gains in previous 5 sessions and is now the subject of 3 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 8 buy or better ratings. The 23 stock analysts following this company have an average price target at $36.52, with individual PT in the $27.00-$43.00 range. The shares moved at $33.69, implying that brokerage firms see shares gaining about 108.19% in twelve months time.
Applied Materials, Inc. (AMAT) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 4.40% rise year to date. A Sr. VP, GC & Corp. Secretary at Applied Materials, Inc. (AMAT) offloaded shares in a transaction closed on Wednesday January 04, 2017. Larkins Thomas F sold 100,000 shares in the company at $31.94 each and collected $3,194,000 in proceeds. Larkins Thomas F now owns 457,782 shares in the company after this transaction. A Director in the company, POWELL DENNIS D, disclosed a transaction on Tuesday January 03, 2017 that ended up generating $671,000 from the sale of 21,017 shares at $31.95 per share.
Applied Materials, Inc. (NASDAQ:AMAT) Upcoming Results on Tap
Applied Materials, Inc. will next provide financial results for the January 2017 quarter. Stock analysts expect it to report per-share earnings of $0.66 in that period. Sales during the quarter are predicted to arrive at $3.27 billion.
Earnings surprise history: Last quarter, the company posted approximately $3.3 billion in revenue and EPS of $0.66. The mean forecast was for $3.31 billion and $0.65 a share, respectively. One quarter earlier, revenue for the stock was at $2.82 billion, with earnings at $0.50/share.
Applied Materials, Inc. (AMAT) Brokerage Update
Applied Materials, Inc. (AMAT) is in Goldman’s research list so their analyst rating change is noteworthy. These shares were downgraded to Neutral from Buy by Goldman, according to news reported on Monday December 19, 2016.Another important research note was issued by Susquehanna on Tuesday June 28, 2016.The firm upgraded AMAT to Neutral from Negative. Over the last six months and over the last three months, the shares of Applied Materials, Inc. (AMAT), have changed 28.51% and 21.57%, respectively.
Applied Materials, Inc. (NASDAQ:AMAT) on December 1, 2016 announced that its Board of Directors has approved a quarterly cash dividend of $0.10 per share payable on the company’s common stock. The dividend is payable on March 15, 2017 to shareholders of record as of February 22, 2017. Applied Materials, Inc. (AMAT) is the leader in materials engineering solutions used to produce virtually every new chip and advanced display in the world. Our expertise in modifying materials at atomic levels and on an industrial scale enables customers to transform possibilities into reality. At Applied Materials, our innovations make possible the technology shaping the future.