UBS Cuts Estimates for Applied Materials on Margin Worries (AMAT)

UBS Cuts Estimates for Applied Materials on Margin Worries (AMAT)


Semiconductor equipment maker Applied Materials, Inc. (AMAT) on Friday received some cautious commentary from analysts at UBS.

The firm maintained its “Neutral” rating on AMAT but lowered its earnings estimates for the company through 2014, citing gross margin headwinds. UBS’s $15 price target suggests zero upside for the stock from current levels. Yesterday after the bell, AMAT reported mixed third quarter earnings results.

Applied Materials shares fell 8 cents, or -0.6%, in pre-market trading Friday. The stock has risen 34% since the beginning of 2013.

The Bottom Line
AMAT shares currently offer a 2.61% dividend yield based on the stock’s Thursday closing price of $15.32 and the company’s annualized dividend payout of 40 cents per share.

Applied Materials, Inc. (AMAT) is not recommended at this time, holding a DARS™ Rating of 3.2 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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