Susquehanna Has Lowered Expectations for Applied Materials (NASDAQ:AMAT) Stock Price

Applied Materials (NASDAQ:AMAT) had its target price dropped by stock analysts at Susquehanna from $190.00 to $170.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the manufacturing equipment provider’s stock. Susquehanna’s price target suggests a potential downside of 8.90% from the stock’s current price.

AMAT has been the topic of several other research reports. Mizuho cut their target price on Applied Materials from $245.00 to $225.00 and set an “outperform” rating on the stock in a research note on Friday, September 20th. Morgan Stanley dropped their target price on shares of Applied Materials from $224.00 to $185.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 17th. StockNews.com cut Applied Materials from a “buy” rating to a “hold” rating in a research note on Saturday, September 14th. Dbs Bank downgraded shares of Applied Materials from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 16th. Finally, Stifel Nicolaus lowered their price objective on Applied Materials from $275.00 to $270.00 and set a “buy” rating on the stock in a research report on Friday, August 16th. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $227.24.

Applied Materials Stock Down 1.0 %

Shares of NASDAQ AMAT opened at $186.61 on Monday. Applied Materials has a 52-week low of $141.94 and a 52-week high of $255.89. The firm has a market capitalization of $153.84 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 2.34 and a beta of 1.56. The stock has a 50 day moving average price of $190.81 and a 200 day moving average price of $207.42. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.09 and a current ratio of 2.86.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings results on Thursday, August 15th. The manufacturing equipment provider reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.10. Applied Materials had a return on equity of 39.99% and a net margin of 27.74%. The business had revenue of $6.78 billion for the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter in the prior year, the company earned $1.90 EPS. The business’s revenue was up 5.5% compared to the same quarter last year. Sell-side analysts expect that Applied Materials will post 8.51 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Summit Securities Group LLC acquired a new position in shares of Applied Materials in the 2nd quarter worth approximately $26,000. Fairfield Financial Advisors LTD acquired a new position in Applied Materials during the second quarter worth $28,000. Clean Yield Group purchased a new position in shares of Applied Materials during the third quarter worth $33,000. First PREMIER Bank raised its holdings in shares of Applied Materials by 326.3% in the 3rd quarter. First PREMIER Bank now owns 162 shares of the manufacturing equipment provider’s stock valued at $33,000 after buying an additional 124 shares during the period. Finally, Mark Sheptoff Financial Planning LLC acquired a new position in Applied Materials during the 1st quarter worth about $35,000. Institutional investors and hedge funds own 80.56% of the company’s stock.

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.