Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for Applied Materials (NASDAQ:AMAT) Stock Price

Applied Materials (NASDAQ:AMAT) had its target price decreased by equities research analysts at Deutsche Bank Aktiengesellschaft from $220.00 to $200.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the manufacturing equipment provider’s stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 18.43% from the company’s current price.

AMAT has been the subject of a number of other reports. Citigroup cut their target price on Applied Materials from $240.00 to $217.00 and set a “buy” rating for the company in a research note on Monday, September 16th. Dbs Bank cut Applied Materials from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 16th. JPMorgan Chase & Co. boosted their target price on shares of Applied Materials from $240.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. B. Riley cut their price target on shares of Applied Materials from $300.00 to $280.00 and set a “buy” rating for the company in a report on Friday, August 16th. Finally, Susquehanna decreased their price objective on shares of Applied Materials from $190.00 to $170.00 and set a “neutral” rating on the stock in a report on Monday, November 11th. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $219.81.

Applied Materials Stock Performance

Shares of AMAT opened at $168.88 on Friday. The company’s 50 day simple moving average is $190.88 and its 200-day simple moving average is $206.73. Applied Materials has a 12-month low of $141.94 and a 12-month high of $255.89. The firm has a market cap of $139.22 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 2.24 and a beta of 1.56. The company has a current ratio of 2.86, a quick ratio of 2.09 and a debt-to-equity ratio of 0.33.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in AMAT. Summit Securities Group LLC bought a new stake in shares of Applied Materials during the second quarter valued at about $26,000. Fairfield Financial Advisors LTD bought a new stake in shares of Applied Materials during the 2nd quarter worth about $28,000. Clean Yield Group acquired a new stake in shares of Applied Materials in the 3rd quarter worth approximately $33,000. First PREMIER Bank lifted its stake 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 worth $33,000 after acquiring an additional 124 shares during the period. Finally, Mark Sheptoff Financial Planning LLC acquired a new position in shares of Applied Materials during the first quarter valued at approximately $35,000. Institutional investors and hedge funds own 80.56% of the company’s stock.

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.