Barclays Cuts Applied Materials (NASDAQ:AMAT) Price Target to $190.00

Applied Materials (NASDAQ:AMAT) had its price objective decreased by research analysts at Barclays from $200.00 to $190.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the manufacturing equipment provider’s stock. Barclays‘s price objective indicates a potential upside of 3.11% from the stock’s previous close.

AMAT has been the topic of several other research reports. Susquehanna raised their price objective on shares of Applied Materials from $155.00 to $165.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. KeyCorp upgraded shares of Applied Materials from a “sector weight” rating to an “overweight” rating and set a $225.00 price objective on the stock in a report on Friday, January 17th. Cantor Fitzgerald reissued an “overweight” rating and set a $250.00 target price on shares of Applied Materials in a research report on Friday, November 15th. Stifel Nicolaus lowered their price objective on Applied Materials from $250.00 to $235.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Mizuho dropped 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 note on Friday, January 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $217.52.

Applied Materials Stock Performance

NASDAQ:AMAT opened at $184.27 on Friday. The firm has a market capitalization of $149.76 billion, a PE ratio of 21.40, a PEG ratio of 1.86 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 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’s fifty day simple moving average is $175.20 and its 200 day simple moving average is $184.85.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings data on Thursday, February 13th. The manufacturing equipment provider reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $2.28 by $0.10. Applied Materials had a return on equity of 39.26% and a net margin of 26.41%. On average, sell-side analysts anticipate that Applied Materials will post 9.38 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of AMAT. Vanguard Group Inc. boosted its position in Applied Materials by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 77,039,667 shares of the manufacturing equipment provider’s stock valued at $12,528,961,000 after buying an additional 487,358 shares during the last quarter. State Street Corp boosted its holdings 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 acquiring an additional 672,548 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Applied Materials by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 20,079,451 shares of the manufacturing equipment provider’s stock valued at $3,260,178,000 after acquiring an additional 253,078 shares during the last quarter. FMR LLC increased its position in Applied Materials by 5.5% in the third quarter. FMR LLC now owns 16,413,112 shares of the manufacturing equipment provider’s stock worth $3,316,269,000 after purchasing an additional 858,122 shares during the period. Finally, Norges Bank bought a new stake in Applied Materials during the 4th quarter worth about $1,588,422,000. 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.