Price Target Update on Applied Materials (NASDAQ:AMAT)

Applied Materials (NASDAQ:AMAT) : The highest level Applied Materials (NASDAQ:AMAT) is projected to reach is $30 for the short term and the lowest estimate is at $17. The consolidated price target from 13 rating analysts who initiate coverage on the stock is $25.81 and the possibility the share price can swing is $3.38.

Other Equity analysts have also commented on the company shares. Goldman Sachs maintains its view on Applied Materials (NASDAQ:AMAT) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Goldman Sachs raises the price target from $25 per share to $27 per share on Applied Materials . The rating by the firm was issued on June 2, 2016.

Applied Materials (NASDAQ:AMAT): stock turned positive on Thursday. Though the stock opened at $24.34, the bulls momentum made the stock top out at $24.53 level for the day. The stock recorded a low of $24.13 and closed the trading day at $24.52, in the green by 2.29%. The total traded volume for the day was 10,942,852. The stock had closed at $23.97 in the previous days trading.

The company shares have rallied 19.49% from its 1 Year high price. On Jun 2, 2016, the shares registered one year high at $24.65 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $22.50 and the 200 Day Moving Average price is recorded at $19.85. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Salehpour Ali, officer (Sr. VP, GM New Mrkts & Service) of Applied Materials Inc /De, had unloaded 40,000 shares at an average price of $24.37 in a transaction dated on June 3, 2016. The total value of the transaction was worth $974,800.

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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