Applied Materials, Inc. (AMAT) Updates Q3 Earnings Guidance

In terms of the stock price in relation to its moving averages, company shares are 5.96% away from the 20-day moving average and 11.37% off of the 50-day average. Simple moving average analysis helps investors to quickly identify if a security is in an uptrend or downtrend. The world’s leading semiconductor equipment maker reported blowout fiscal second-quarter earnings Thursday night, and AMAT stock is riding higher Friday as a result. (NASDAQ:AMAT). Rmb Capital Mngmt Limited Liability Co reported 6,220 shares or 0.01% of all its holdings. Applied Materials, Inc. (AMAT) has made its way to a 12-month gain of 123.51%. Going toward to the 50-day, we can see that shares are now trading 7.49% off of that figure. The California-based Guinness Atkinson Asset Management Inc has invested 3.77% in the stock. Argus Research maintained the stock with “Buy” rating in Monday, August 17 report. So far, analysts are sticking with their bearish recommendations with the consensus call at 3. Here’s a quick roundup of today’s bullish brokerage notes on shares of ADSK, AMAT, and TMUS. Zacks Investment Research upgraded Applied Materials from a hold rating to a buy rating and set a $40.00 price target on the stock in a report on Friday, February 17th.

Contrast to the same period past year, net sales raised by 45 percent to $3.55 billion; gross margin grew 4.1 points to 45.1 percent; operating margin raised by 9.2 points to 26.5 percent; and earnings per share (EPS) grew 162 percent to $0.76. The company has market cap of $290.41 million. For the past two quarters, the stock has always dipped early in the morning and then recover as the day goes on. From the start of the calendar year, shares have been 36.46%. Similarly, full-year EPS forecasts have ranged between $2.56 and $3.00.

General Electric Company (NYSE:GE) shares has displayed a low EPS growth of -4.10% in last 5 years. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. (AMAT) is a good investment, however if the market is weaker then it could suggest that the shares are undervalued. The stock has dropped -15.41% from its peak and the consensus price target for the stock is $32.57 a share. The stock closed its day at $383.67.

In the options pits, speculative traders are betting big on AMAT stock. It’s the most up-to-date valuation until trading begins again on the next day.

Moving average is significant analytical tool used to discover current price trends and the possibility for a change in an established trend. As per Wednesday, April 27, the company rating was downgraded by HSBC. The rating was maintained by Credit Suisse on Tuesday, August 9 with “Outperform”. The Beta for the stock stands at 1.78.

COPYRIGHT VIOLATION NOTICE: “Needham & Company LLC Increases Applied Materials, Inc“. It also upped Vodafone Group Adr (NASDAQ:VOD) stake by 70,729 shares and now owns 72,949 shares. Revenue jumped 44.9% to $3.55 billion. RSI is a technical oscillator that shows price strength by comparing upward and downward movements.

On 3/10/2017 Applied Materials announced a quarterly dividend of $0.10 1.05% with an ex dividend date of 5/23/2017 which will be payable on 6/15/2017. They now have a $42.81 price objective on the manufacturing equipment provider’s stock.

On 10/7/2016 Gary E. Dickerson, Insider, sold 229,935 with an average share price of $29.71 per share and the total transaction amounting to $6,831,368.85.

Analysts give M a mean recommendation of 2.80. (NASDAQ:AMAT), 8 rate it “Buy”, 12 “Outperform”, 3 “Underperform”, 0 “Sell”, while 0 “Hold”.