Applied Materials (AMAT) was Reiterated by RBC Capital Mkts to “Sector Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 22 from a previous price target of $21 . RBC Capital Mkts advised their investors in a research report released on Apr 18, 2016.
Many Wall Street Analysts have commented on Applied Materials. Company shares were Upgraded by UBS on Apr 14, 2016 to ” Buy”, Firm has raised the Price Target to $ 26 from a previous price target of $21 .Applied Materials was Downgraded by DA Davidson to ” Neutral” on Apr 6, 2016. Applied Materials was Upgraded by Exane BNP Paribas to ” Outperform” on Mar 31, 2016.
On the company’s financial health, Applied Materials reported $0.26 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 18, 2016. Analyst had a consensus of $0.25. The company had revenue of $2257.00 million for the quarter, compared to analysts expectations of $2243.06 million. The company’s revenue was down -.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.27 EPS.
Applied Materials closed down -0.01 points or -0.05% at $21.47 with 1,23,49,887 shares getting traded on Friday. Post opening the session at $21.47, the shares hit an intraday low of $21.29 and an intraday high of $21.505 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Apr 7, 2016, Susan M. James (director) sold 8,980 shares at $20.78 per share price. According to the SEC, on Mar 14, 2016, Stephen R Forrest (director) sold 5,000 shares at $19.99 per share price. On Oct 2, 2015, Randhir Thakur (EVP & GM, Silicon Systems) sold 88,435 shares at $14.75 per share price, according to the Form-4 filing with the securities and exchange commission.
Applied Materials Inc. (Applied) provides manufacturing equipment services and software to the global semiconductor flat panel display solar photovoltaic (PV) and related industries. Applied operates in four segments: Silicon Systems Group Applied Global Services Display and Energy and Environmental Solutions. The Silicon Systems Group segment develops manufactures and sells manufacturing equipment used to fabricate semiconductor chips. The Applied Global Services segment encompasses services products and integrated solutions to optimize equipment and fab performance and productivity. The Display Segment includes products for manufacturing liquid crystal displays organic light-emitting diodes and other display technologies for televisions personal computers tablets smartphones and other devices. The Energy and Environmental Solutions segment includes systems for manufacturing wafer-based crystalline silicon cells and modules.