Deutsche Bank Aktiengesellschaft Lowers Applied Materials (NASDAQ:AMAT) Price Target to $200.00

Applied Materials (NASDAQ:AMAT) had its price objective dropped by analysts at Deutsche Bank Aktiengesellschaft from $220.00 to $200.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the manufacturing equipment provider’s stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 7.53% from the stock’s current price.

AMAT has been the subject of a number of other reports. Dbs Bank downgraded Applied Materials from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 16th. B. Riley decreased their price objective on shares of Applied Materials from $300.00 to $280.00 and set a “buy” rating on the stock in a report on Friday, August 16th. Mizuho lowered their price objective on shares of Applied Materials from $245.00 to $225.00 and set an “outperform” rating for the company in a research report on Friday, September 20th. Cantor Fitzgerald reissued an “overweight” rating and issued a $250.00 target price on shares of Applied Materials in a research report on Tuesday, October 8th. Finally, Susquehanna lowered their price target on Applied Materials from $190.00 to $170.00 and set a “neutral” rating for the company in a research report on Monday. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $222.90.

Applied Materials Price Performance

Applied Materials stock opened at $186.00 on Friday. The company has a current ratio of 2.86, a quick ratio of 2.09 and a debt-to-equity ratio of 0.33. The stock has a market cap of $153.34 billion, a P/E ratio of 20.90, a PEG ratio of 2.24 and a beta of 1.56. The company has a 50-day moving average price of $190.88 and a 200 day moving average price of $207.13. Applied Materials has a 12-month low of $141.94 and a 12-month high of $255.89.

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

Institutional Investors Weigh In On Applied Materials

Several institutional investors have recently added to or reduced their stakes in AMAT. Ascent Group LLC lifted its position in shares of Applied Materials by 128.4% during the 3rd quarter. Ascent Group LLC now owns 12,684 shares of the manufacturing equipment provider’s stock worth $2,563,000 after buying an additional 7,131 shares during the last quarter. Beacon Investment Advisory Services Inc. lifted its position in Applied Materials by 0.5% in the third quarter. Beacon Investment Advisory Services Inc. now owns 100,292 shares of the manufacturing equipment provider’s stock valued at $20,264,000 after acquiring an additional 544 shares during the last quarter. Benjamin Edwards Inc. boosted its stake in Applied Materials by 60.2% in the third quarter. Benjamin Edwards Inc. now owns 36,539 shares of the manufacturing equipment provider’s stock valued at $7,390,000 after acquiring an additional 13,735 shares in the last quarter. Atom Investors LP grew its holdings in shares of Applied Materials by 157.6% during the third quarter. Atom Investors LP now owns 14,967 shares of the manufacturing equipment provider’s stock worth $3,024,000 after purchasing an additional 9,156 shares during the last quarter. Finally, Kestra Investment Management LLC acquired a new stake in shares of Applied Materials during the third quarter worth about $591,000. Hedge funds and other institutional investors 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.