Company Update: Applied Materials Inc (NASDAQ:AMAT) – Applied Materials trade bets on ceiling

[optionMONSTER] – Applied Materials has been ripping higher on strong quarterly results, but one trader apparently believes that further gains will be limited. optionMONSTER’s monitoring systems detected the sale of 4,700 … Read more on this. Applied Materials, Inc. (AMAT) , with a current market cap of $26.56B, opened this morning at $22.93. A quick look at the market, the company’s stock traded between $22.92 and $23.49 and has traded between $14.25 and $23.49 over the past year. AMAT shares are currently priced at 15.07x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 21.87x earnings multiple for the same period. And for income investors, the company pays shareholders $0.40 per share annually in dividends, yielding 1.75%. According to a consensus of 20 analysts, the earnings estimate of $0.48 per share would be $0.15 better than the year-ago quarter and a $0.13 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $1.52, which would be a $0.33 better when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.82 Billion. If reported, that would be a 13.25% increase over the year-ago quarter. Recently, Susquehanna downgraded AMAT from Neutral to Negative (Apr 19, 2016). Previously, UBS upgraded AMAT from Neutral to Buy. Given all the information above, we should disclose to readers that the average price target is $25.48, which is 11.12% above than it opened this morning. See more in (NASDAQ:AMAT) Similar Articles: Market Update: Applied Materials Inc (NASDAQ:AMAT) – Applied Materials Surge on Earnings Beat, Guidance (AMAT) Company Update: Applied Materials Inc (NASDAQ:AMAT) – Applied Materials (AMAT) Stock Soars on Earnings Beat, Jim Cramer’s View Stock Update: Applied Materials Inc (NASDAQ:AMAT) – Applied Materials (AMAT) Stock Lower Ahead of Today’s Earnings Report