Applied Materials (AMAT): Price Target and June Short Interest Disclosure

Applied Materials (AMAT) : 15 investment research analysts covering Applied Materials (AMAT) have an average price target of $26.97 for the near short term. The highest target price given by the Brokerage Firm to the stock is $30 and the lowest target is $17 for the short term. Analysts expect the variance to be within $3.12 of the average price.

Applied Materials (AMAT) encountered a drop of 25% or -4,058,142 shares in the short positions. The number dropped from 16,246,633 on June 15,2016 to 12,188,491 on June 30,2016. The final interest is 1.1% of the floated stock. The days to cover figure of 1 can be arrived using the average daily exchange of 15,610,356 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, In a research note released to the investors, Goldman Sachs maintains its rating on Applied Materials (NASDAQ:AMAT).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Goldman Sachs raises the new price target from $25 per share to $27 per share. 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 $26.08, the bulls momentum made the stock top out at $26.24 level for the day. The stock recorded a low of $25.74 and closed the trading day at $26.1, in the green by 0.73%. The total traded volume for the day was 14,888,635. The stock had closed at $25.91 in the previous days trading.

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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