Applied Materials (NASDAQ:AMAT) Given New $190.00 Price Target at Barclays

Applied Materials (NASDAQ:AMAT) had its price objective dropped by Barclays from $200.00 to $190.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the manufacturing equipment provider’s stock. Barclays‘s target price would suggest a potential upside of 3.11% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. Stifel Nicolaus lowered their price objective on shares of Applied Materials from $250.00 to $235.00 and set a “buy” rating on the stock in a research note on Tuesday. Evercore ISI dropped their price target on Applied Materials from $260.00 to $250.00 and set an “outperform” rating on the stock in a report on Friday, November 15th. Cantor Fitzgerald reissued an “overweight” rating and set a $250.00 price objective on shares of Applied Materials in a research note on Friday, November 15th. Mizuho cut their target price on Applied Materials from $220.00 to $210.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Finally, Wells Fargo & Company reduced their target price on Applied Materials from $210.00 to $200.00 and set an “overweight” rating for the company in a report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $217.52.

Applied Materials Trading Up 1.9 %

Shares of NASDAQ:AMAT opened at $184.27 on Friday. Applied Materials has a fifty-two week low of $158.96 and a fifty-two week high of $255.89. The company has a quick ratio of 1.87, a current ratio of 2.51 and a debt-to-equity ratio of 0.29. The company has a market cap of $149.76 billion, a PE ratio of 21.40, a P/E/G ratio of 1.86 and a beta of 1.53. The company’s 50-day moving average price is $175.20 and its 200 day moving average price is $184.85.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings data on Thursday, February 13th. The manufacturing equipment provider reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.10. Applied Materials had a net margin of 26.41% and a return on equity of 39.26%. Sell-side analysts anticipate that Applied Materials will post 9.38 earnings per share for the current year.

Institutional Investors Weigh In On Applied Materials

Several institutional investors have recently made changes to their positions in AMAT. Forum Financial Management LP lifted its stake in Applied Materials by 0.6% in the third quarter. Forum Financial Management LP now owns 9,143 shares of the manufacturing equipment provider’s stock valued at $1,847,000 after acquiring an additional 53 shares during the last quarter. Sargent Investment Group LLC raised its holdings in shares of Applied Materials by 4.0% during the 3rd quarter. Sargent Investment Group LLC now owns 1,415 shares of the manufacturing equipment provider’s stock valued at $286,000 after purchasing an additional 55 shares in the last quarter. Biltmore Family Office LLC lifted its stake in shares of Applied Materials by 5.3% in the 3rd quarter. Biltmore Family Office LLC now owns 1,093 shares of the manufacturing equipment provider’s stock valued at $221,000 after purchasing an additional 55 shares during the last quarter. Field & Main Bank boosted its holdings in Applied Materials by 1.8% in the fourth quarter. Field & Main Bank now owns 3,170 shares of the manufacturing equipment provider’s stock worth $516,000 after purchasing an additional 55 shares in the last quarter. Finally, BSW Wealth Partners increased its position in Applied Materials by 1.3% during the third quarter. BSW Wealth Partners now owns 4,259 shares of the manufacturing equipment provider’s stock worth $860,000 after buying an additional 56 shares during the last quarter. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Applied Materials Company Profile

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.