Zacks Research Expects Weaker Earnings for Applied Materials

Applied Materials, Inc. (NASDAQ:AMAT) – Analysts at Zacks Research lowered their FY2027 earnings estimates for Applied Materials in a report released on Friday, January 17th. Zacks Research analyst R. Department now expects that the manufacturing equipment provider will earn $10.70 per share for the year, down from their prior forecast of $10.78. The consensus estimate for Applied Materials’ current full-year earnings is $9.37 per share.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings results on Thursday, November 14th. The manufacturing equipment provider reported $2.32 EPS for the quarter, beating the consensus estimate of $2.19 by $0.13. Applied Materials had a return on equity of 39.26% and a net margin of 26.41%. The business had revenue of $7.05 billion during the quarter, compared to analysts’ expectations of $6.96 billion. During the same quarter in the previous year, the business posted $2.12 EPS. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year.

Several other equities research analysts also recently commented on AMAT. Bank of America reduced their target price on shares of Applied Materials from $220.00 to $210.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. The Goldman Sachs Group dropped their price target on Applied Materials from $230.00 to $202.00 and set a “buy” rating for the company in a report on Friday, January 10th. Stifel Nicolaus reduced their price objective on Applied Materials from $270.00 to $250.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. Mizuho lowered their price objective on shares of Applied Materials from $220.00 to $210.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Finally, TD Cowen reduced their target price on shares of Applied Materials from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $218.95.

Applied Materials Trading Up 0.4 %

AMAT stock opened at $192.87 on Monday. The company has a current ratio of 2.51, a quick ratio of 1.87 and a debt-to-equity ratio of 0.29. The firm has a market cap of $156.94 billion, a P/E ratio of 22.40, a P/E/G ratio of 1.96 and a beta of 1.53. Applied Materials has a 1-year low of $158.96 and a 1-year high of $255.89. The business’s 50 day moving average is $173.17 and its 200-day moving average is $190.22.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. State Street Corp raised its position in Applied Materials by 1.8% in the third quarter. State Street Corp now owns 38,808,047 shares of the manufacturing equipment provider’s stock valued at $7,841,178,000 after purchasing an additional 672,548 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Applied Materials by 1.9% in the third quarter. Geode Capital Management LLC now owns 19,826,373 shares of the manufacturing equipment provider’s stock valued at $3,994,968,000 after acquiring an additional 371,866 shares during the last quarter. FMR LLC increased its position in Applied Materials by 5.5% during the 3rd quarter. FMR LLC now owns 16,413,112 shares of the manufacturing equipment provider’s stock valued at $3,316,269,000 after purchasing an additional 858,122 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Applied Materials by 3.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,861,933 shares of the manufacturing equipment provider’s stock worth $1,790,554,000 after purchasing an additional 318,445 shares during the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of Applied Materials by 29.8% in the 3rd quarter. Van ECK Associates Corp now owns 6,571,178 shares of the manufacturing equipment provider’s stock worth $1,327,707,000 after purchasing an additional 1,509,439 shares during the period. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Applied Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Thursday, February 20th. Applied Materials’s dividend payout ratio is presently 18.58%.

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.