UBS Upgrades Applied Materials to Buy

Brokerage firm UBS Upgrades its rating on Applied Materials(NASDAQ:AMAT). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by UBS was issued on Apr 14, 2016.

In a different note, On Mar 31, 2016, Exane BNP Paribas said it Upgrades its rating on Applied Materials. The shares have been rated ‘Outperform’ by the firm. RBC Capital said it Initiates Coverage on Applied Materials, according to a research note issued on Mar 16, 2016. The shares have been rated ‘Sector Perform’ by the firm. On Mar 10, 2016, Pacific Crest said it Maintains its rating on Applied Materials. In the research note, the firm Raises the price-target to $20.00 per share. The shares have been rated ‘Overweight’ by the firm. On Feb 19, 2016, B. Riley said it Maintains its rating on Applied Materials. In the research note, the firm Raises the price-target to $18.00 per share. The shares have been rated ‘Neutral’ by the firm. On Feb 19, 2016, Deutsche Bank said it Maintains its rating on Applied Materials. In the research note, the firm Raises the price-target to $20.00 per share. The shares have been rated ‘Buy’ by the firm. On Feb 3, 2016, Goldman Sachs said it Upgrades its rating on Applied Materials. The shares have been rated ‘Conviction Buy’ by the firm.

Applied Materials (AMAT) made into the market gainers list on Mondays trading session with the shares advancing 0.42% or 0.09 points. Due to strong positive momentum, the stock ended at $21.56, which is also near the day’s high of $21.67. The stock began the session at $21.4 and the volume stood at 93,51,868 shares. The 52-week high of the shares is $22.67 and the 52 week low is $14.25. The company has a current market capitalization of $24,378 M and it has 1,13,07,24,580 shares in outstanding.

Applied Materials(AMAT) last announced its earnings results on Feb 18, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $2.26B. Analysts had an estimated revenue of $2.24B. Earnings per share were $0.26. Analysts had estimated an EPS of $0.25.

Several Insider Transactions has been reported to the SEC. On Apr 7, 2016, Susan M. James (director) sold 8,980 shares at $20.78 per share price.Also, 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.

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