Needham & Company LLC Increases Applied Materials, Inc. (AMAT) Price Target to $50.00

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APG Asset Management N.V. now owns 3,222,212 shares of the manufacturing equipment provider's stock worth $97,150,000 after buying an additional 1,371,234 shares during the last quarter.

Several hedge funds have recently bought and sold shares of AMAT.

UMB Bank N A MO decreased its position in shares of Applied Materials, Inc.

On 3/11/2016 Applied Materials announced a quarterly dividend of $0.10 2% with an ex dividend date of 5/24/2016 which will be payable on 6/16/2016. First Quadrant L P CA purchased a new position in Applied Materials during the third quarter valued at $103,000. The institutional investors in our partner's database now possess: 851.59 million shares, up from 849.71 million shares in 2016Q3.

Applied Materials, Inc. has a 1-year low of $19.72 and a 1-year high of $45.08. (NASDAQ:AMAT) traded down 5.13% on Wednesday, reaching $42.76. About 7.59 million shares traded. The firm has a market cap of $46.17 billion, a P/E ratio of 22.00 and a beta of 1.81. The share price has moved forward from its 20 days moving average, trading at a distance of 4.86% and stays 10.07% away from its 50 days moving average.

Equities research analysts at DA Davidson raised their Q3 2017 earnings per share estimates for shares of Applied Materials in a research report issued on Monday. First Interstate Bank now owns 3,296 shares of the manufacturing equipment provider's stock valued at $106,000 after buying an additional 93 shares in the last quarter. Its revenue totaled $3.27 billion down -0.8% from the previous quarter.

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The company's net profit margin stands at 18.00% whereas its return on equity (ROE) is 30.20%. The company's revenue for the quarter was up 44.7% on a year-over-year basis. Its sales stood at 0.60% a year on average in the period of last five years.

While looking at the Stock's Performance, Applied Materials, Inc. now shows a Weekly Performance of -0.26%, where Monthly Performance is 12.38%, Quarterly performance is 20.83%, 6 Months performance is 48.39% and yearly performance percentage is 120.76%.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, May 25th will be issued a $0.10 dividend.

EPS more than doubled on a non-GAAP basis to $0.79. 5,000 Applied Materials, Inc. Inc. increased its stake in shares of Applied Materials by 8.1% in the third quarter.

The average true range (ATR) was fashioned to allow traders to more precisely evaluate the daily volatility of an asset by using straightforward calculations. If you are accessing this piece on another domain, it was stolen and republished in violation of USA & worldwide trademark and copyright law. Applied Materials, Inc. (AMAT) has made its way to a 12-month gain of 123.51%. Instinet boosted their price target on Applied Materials from $34.00 to $40.00 and gave the stock a "buy" rating in a research report on Friday, February 17th. Finally, Zacks Investment Research downgraded Applied Materials from a "buy" rating to a "hold" rating in a research report on Wednesday, January 25th. Four investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Summit Redstone reiterated a buy rating on shares of Applied Materials in a report on Saturday, January 21st.

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