Applied Materials (NASDAQ:AMAT) Issues Earnings Results

Applied Materials (NASDAQ:AMAT) issued its quarterly earnings results on Thursday. The manufacturing equipment provider reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.19 by $0.13, Briefing.com reports. The firm had revenue of $7.05 billion during the quarter, compared to the consensus estimate of $6.96 billion. Applied Materials had a return on equity of 39.71% and a net margin of 26.41%. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period last year, the company earned $2.12 earnings per share. Applied Materials updated its Q1 2025 guidance to 2.110-2.470 EPS and its Q1 guidance to $2.11-2.47 EPS.

Applied Materials Trading Down 9.2 %

Shares of Applied Materials stock traded down $17.12 during trading hours on Friday, reaching $168.88. 16,287,484 shares of the company’s stock were exchanged, compared to its average volume of 5,981,500. The firm has a market capitalization of $139.23 billion, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 2.07 and a beta of 1.56. The company has a current ratio of 2.86, a quick ratio of 2.09 and a debt-to-equity ratio of 0.33. Applied Materials has a 52-week low of $141.94 and a 52-week high of $255.89. The company has a fifty day moving average of $190.88 and a 200-day moving average of $206.87.

Applied Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Thursday, November 21st. Applied Materials’s payout ratio is 18.58%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AMAT. JPMorgan Chase & Co. raised their target price on shares of Applied Materials from $240.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Needham & Company LLC dropped their target price on Applied Materials from $240.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday. Dbs Bank cut Applied Materials from a “strong-buy” rating to a “hold” rating in a report on Monday, September 16th. TD Cowen dropped their price objective on Applied Materials from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Friday. Finally, Citigroup reduced their target price on Applied Materials from $240.00 to $217.00 and set a “buy” rating for the company in a report on Monday, September 16th. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Applied Materials has a consensus rating of “Moderate Buy” and a consensus target price of $219.81.

Applied Materials Company Profile

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.