Applied Materials, Inc. (NASDAQ:AMAT) stock is currently pricing at roughly $41.71. Our analysis shows that the stock is widely covered by equity research firms, and target prices are revealing. From a summary standpoint, we track the median one-year price target among 22 analysts covering the company at $42.00. That suggests shares of the stock may have another 1 percent to the upside left to run. Of those analysts we surveyed, the highest price target on recordsits at $45.00, which would imply another 92 percent in upside potential. If we look for a little more qualitative data on the range of expectations, we find in analyst notes that the stock has 15 “Buy” ratings in place. At the same time, 5 rate the stock a “strong buy”, suggesting more conviction in the story. As for the doubters, 3 equity research analyst firms call this stock a “Hold” and 0 consider it bad enough to warrant a “Sell” rating.
Analysts at Goldman took a look at AMAT shares in a research note released on Dec 19, 2016, and issued a Neutral rating to this company. Susquehanna analysts provided their own take on company recently as well. In a research note published on Jun 28, 2016, the house assigned a Neutral rating to this stock. According to a piece that hit the wires on Jun 27, 2016, researchers at DA Davidson reconsidered their prior rating on the stock, and upped it from Neutral Perform to Buy.
Applied Materials, Inc. (AMAT) Cap Table Analysis
Breaking down the capitalization table is our next goal. From a bird’s eye view, Executives hold 1.55 percent of the stock.
If we take a more granular look, Gary E. Dickerson is one of the largest owners in company capital stock among insiders. According to U.S. Securities and Exchange Commission (SEC) filings, this investor owns 1,876,539 shares, representing a total current market value of roughly $78270441.69. James C. Morgan is another major player among company insiders, currently holding 1,297,046 shares as of 0.12%, carrying a current market value of $54099788.66. George S. Davis is currently ranked as the number three insider in terms of representation on the cap table for the stock, holding 1,164,743 shares, valued at around $48581430.53 as of recent close.
We noted a few insider transactions for the stock recently as well.
In a transaction on 2017-02-21, the company’s Director Forrest Stephen R sold 5,000 company shares for 182800. That means, once accounting for this transaction, the Director is left with a stake of 79,159 shares, carrying a current total market value of $3301722. In addition, by means of a transaction dated 2017-01-04, Sr. VP, GC & Corp. Secretary Larkins Thomas F sold 100,000 shares worth $3194000. After that transaction, this investor is left with a total holding of 457,782 shares, representing a total investment value of $19094087.22. We also noted a 2017-01-03 transaction in which AMAT Director POWELL DENNIS D sold 21,017 shares at a stock price of $31.95, carrying a total value of $671490, after which, this insider’s investment stands at 77,190 shares, with an overall financial value of $3219595.
Applied Materials, Inc. (NASDAQ:AMAT) Earnings View
In the company’s last quarter, AMAT EPS moved to $0.67 from $0.66 compared sequentially with the prior quarter. Revenues for the company came in at $3.28BM. This stacks up against $3.3BM, on a sequential basis.
How does this compare with bottom and top-line expectations? Well, according to what we could find, analysts had been looking for the company to post net income of about $0.66 per share on $3.27BM in revenue. That sets up an interesting next quarter report card. We would note that analysts seem to be projecting earnings, on average, for this quarter in the range of $0.74 to $0.78. On a year-over-year basis, that compares with an EPS comp of $0.34.