Applied Materials, Inc. (NASDAQ:AMAT) EPS Analysis

Applied Materials, Inc. (NASDAQ:AMAT) EPS Analysis

Applied Materials, Inc. (NASDAQ:AMAT) EPS Analysis

Qiwi plc (NASDAQ:QIWI) distance from 200-day simple moving average (SMA200) is 51.31%. The legal version of this news story can be viewed at https://www.chaffeybreeze.com/2017/05/19/da-davidson-research-analysts-raise-earnings-estimates-for-applied-materials-inc-amat.html. That suggests something of the likelihood of a short squeeze in shares of AMAT.

Applied Materials, Inc. shares were mostly flat in after-hours trading Thursday. They now have a buy rating on the manufacturing equipment provider's stock. Applied Materials has a consensus rating of "Buy" and a consensus price target of $38.99.

Several other hedge funds and other institutional investors also recently bought and sold shares of AMAT. A rating of 3 would signify a consensus Hold recommendation.

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Among 22 analysts covering Applied Materials Inc. Royal Bank of Canada reissued a hold rating and issued a $35.00 price objective on shares of Applied Materials in a report on Tuesday, April 25th.

Stock is now moving with a positive distance from the 200 day simple moving average of approximately 31.75%, and has a solid year to date (YTD) performance of 36.46% which means the stock is constantly adding to its value from the previous fiscal year end price. The 1-year High price of the stock is $45.08, while the 1-year low price is $19.32. Moreover, Kempner Capital Management Inc. has 4.11% invested in the company for 175,190 shares. The monthly stock performance comes in at 15.62%. From the start of the calendar year, shares have been 36.46%. The company's share in the WFE market increased by 2% in 2016 and it is confident that the strength of its product portfolio will lead to additional gains over the next few years.

This outlook for non-GAAP adjusted diluted EPS excludes known charges related to accomplished acquisitions of $0.04 per share, but does not reflect any items that are unknown at this time, such as any additional charges related to acquisitions or other non-operational or unusual items, in addition to other tax related items, which we are not able to predict without unreasonable efforts due to their inherent uncertainty. The Price to Sales (P/S) ratio of the stock is 3.9, while P/B (Price to Book) stands at 6.01. 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. While it's Return on Investment (ROI) value is 17.3%. Analysts reported that the Price Target for Applied Materials, Inc. might touch $45 high while the Average Price Target and Low price Target is $41.14 and $29 respectively. The stock closed its day at $383.67. It's the most up-to-date valuation until trading begins again on the next day.

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In 2017, Applied expects investment in new leading edge capacity to make up about 60% of total foundry spending, driven by increasing demand for more sophisticated smartphone processors as well as customers positioning to win the major inflections in high-performance computing and data centers. Regardless, closing prices are a useful tool that investors use to quantify changes in stock prices over time. As per Wednesday, April 27, the company rating was downgraded by HSBC.

The company maintained ROI for the last twelve months at 9.60%. Mean recommendation on this stock is 1.90. The stock has earnings growth of -37.50% yoy and showed a low EPS growth of -7.40% over the past five years.

Some people are anxious though, people think that the bullish cycle is only temporary for Applied Materials. It also upped Vodafone Group Adr (NASDAQ:VOD) stake by 70,729 shares and now owns 72,949 shares. The company's revenue for the quarter was up 44.7% on a year-over-year basis. Stockholders of record on Thursday, May 25th will be paid a $0.10 dividend. Over the past 2 quarters, the stock is up 48.39%, compared with a gain of almost 20.83% for 3 months and about 12.38% for the past 30 days.

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