Short Term Price Target on Applied Materials (AMAT)

Applied Materials (NASDAQ:AMAT) : The highest short term price target forecast on Applied Materials (NASDAQ:AMAT) is $30 and the lowest target price is $17. A total of 14 equity analysts are currently covering the company. The average price of all the analysts is $26.25 with a standard deviation of $3.29.

Applied Materials, Inc. has lost 2.24% in the last five trading days and dropped 1.68% in the last 4 weeks. Applied Materials, Inc. is up 12.4% in the last 3-month period. Year-to-Date the stock performance stands at 29.65%. Also, In the latest statement by the brokerage house, Goldman Sachs maintains its outlook on Applied Materials (NASDAQ:AMAT). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm raises the 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) : 16 analysts are covering Applied Materials (NASDAQ:AMAT) and their average rating on the stock is 1.44, which is read as a Strong Buy. 12 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Applied Materials (NASDAQ:AMAT) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 1, which recommends a Strong Buy affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Applied Materials (NASDAQ:AMAT): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $23.71 and $23.47 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.98. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.97, notching a gain of 1.74% for the day. The total traded volume was 10,256,713 . The stock had closed at $23.56 on the previous day.

In an insider trading activity, The Securities and Exchange Commission has divulged that Salehpour Ali, officer (Sr. VP, GM New Mrkts & Service) of Applied Materials Inc /De, had unloaded 35,504 shares at an average price of $23.94 in a transaction dated on June 20, 2016. The total value of the transaction was worth $849,966.

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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