Stock Update: Applied Materials Inc (NASDAQ:AMAT) – Applied Materials Appoints Adrianna Ma to Board of Directors

[GlobeNewswire] – SANTA CLARA, Calif., December 18, 2015 – Applied Materials, Inc. today announced the appointment of Adrianna Ma to serve on its Board of Directors, effective immediately. Ms. Ma has also been appointed … Read more on this. Applied Materials, Inc. (AMAT) , with a current value of $20.72B, began trading this morning at $17.93. During the trading session, AMAT traded between $17.85 to $18.20 with its 52-week range being $14.25 to $25.71. AMAT shares are currently priced at 14.93x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.94x earnings multiple for the same period. The company pays shareholders $0.40 per share annually in dividends, yielding 2.17%. In a review of the consensus earnings estimate this quarter, 20 sell-side analysts are looking at $0.25 per share, which would be $0.02 worse than the year-ago quarter and a $0.05 sequential decrease. The full-year EPS estimate is $1.21 which would be a $0.02 improvement than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.24 Billion. If reported, that would be a 5.08% decrease over the year-ago quarter. Recently, Credit Agricole upgraded AMAT from Outperform to Buy (Sep 25, 2015). Previously, Susquehanna upgraded AMAT from Negative to Neutral. When considering if the stock is under or overvalued, the average price target is $21.14, which is 17.90% above where the stock opened this morning. See more in (NASDAQ:AMAT) Similar Articles: Stock Update: Applied Materials Inc (NASDAQ:AMAT) – Applied Materials Inc. — Moody’s assigns A3 to Applied Materials’ proposed snr unsec debt; outlook stable Company Update: Applied Materials Inc (NASDAQ:AMAT) – What to Expect From Applied Materials Earnings Market Update (NASDAQ:AMAT): Applied Materials (AMAT) Stock Jumping After Releasing New Etching Equipment