Applied Materials (NASDAQ:AMAT – Get Rating) is set to post its quarterly earnings results after the market closes on Thursday, August 18th. Analysts expect Applied Materials to post earnings of $1.78 per share for the quarter. Applied Materials has set its Q3 2022 guidance at $1.59-$1.95 EPS and its Q3 guidance at $1.59-1.95 EPS.Persons interested in participating in the company's earnings conference call can do so using this link.

Applied Materials (NASDAQ:AMAT – Get Rating) last released its quarterly earnings data on Thursday, May 19th. The manufacturing equipment provider reported $1.85 EPS for the quarter, missing the consensus estimate of $1.89 by ($0.04). Applied Materials had a return on equity of 57.17% and a net margin of 27.20%. The business had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.35 billion. During the same quarter in the previous year, the business posted $1.63 earnings per share. Applied Materials's quarterly revenue was up 11.9% compared to the same quarter last year. On average, analysts expect Applied Materials to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

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Applied Materials Price Performance

NASDAQ AMAT opened at $105.05 on Thursday. The stock has a 50-day moving average of $99.11 and a 200 day moving average of $115.62. The company has a market capitalization of $91.39 billion, a price-to-earnings ratio of 14.01, a PEG ratio of 1.78 and a beta of 1.51. Applied Materials has a one year low of $82.67 and a one year high of $167.06. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.54 and a current ratio of 2.29.

Applied Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, August 25th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, August 24th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.99%. Applied Materials's dividend payout ratio is currently 13.87%.

Insider Activity

In related news, SVP Teri A. Little sold 15,000 shares of the firm's stock in a transaction dated Wednesday, July 6th. The stock was sold at an average price of $86.30, for a total transaction of $1,294,500.00. Following the sale, the senior vice president now directly owns 93,169 shares of the company's stock, valued at $8,040,484.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.30% of the company's stock.

Hedge Funds Weigh In On Applied Materials

Hedge funds and other institutional investors have recently made changes to their positions in the company. Zions Bancorporation N.A. grew its stake in shares of Applied Materials by 92.3% in the first quarter. Zions Bancorporation N.A. now owns 3,180 shares of the manufacturing equipment provider's stock valued at $419,000 after buying an additional 1,526 shares in the last quarter. Echo Street Capital Management LLC lifted its holdings in shares of Applied Materials by 20.8% in the 1st quarter. Echo Street Capital Management LLC now owns 2,952 shares of the manufacturing equipment provider's stock valued at $389,000 after purchasing an additional 509 shares during the last quarter. Merit Financial Group LLC purchased a new stake in Applied Materials during the 1st quarter valued at approximately $315,000. Eudaimonia Partners LLC acquired a new position in Applied Materials during the 1st quarter worth approximately $296,000. Finally, Plancorp LLC increased its position in Applied Materials by 5.7% during the 1st quarter. Plancorp LLC now owns 2,240 shares of the manufacturing equipment provider's stock worth $295,000 after purchasing an additional 121 shares during the period. Hedge funds and other institutional investors own 77.90% of the company's stock.

Analyst Upgrades and Downgrades

AMAT has been the topic of a number of analyst reports. UBS Group lowered their price objective on Applied Materials from $120.00 to $100.00 and set a "neutral" rating on the stock in a research report on Tuesday, June 28th. DA Davidson lowered their price objective on Applied Materials from $185.00 to $170.00 and set a "buy" rating on the stock in a research report on Friday, May 20th. StockNews.com cut Applied Materials from a "buy" rating to a "hold" rating in a research report on Tuesday, July 5th. Wells Fargo & Company lowered their price objective on Applied Materials from $135.00 to $110.00 and set an "overweight" rating on the stock in a research report on Friday, July 15th. Finally, Piper Sandler lowered their price target on Applied Materials from $153.00 to $132.00 and set a "neutral" rating on the stock in a report on Friday, May 20th. Nine investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $146.04.

Applied Materials Company Profile

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Applied Materials, Inc provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It 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.

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