Applied Materials (AMAT) : 13 brokerage houses believe that Applied Materials (AMAT) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Applied Materials (AMAT). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 17 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.41.
Applied Materials (AMAT) : 15 Wall Street analysts covering Applied Materials (AMAT) believe that the average level the stock could reach for the short term is $26.97. The maximum price target given is $30 and the minimum target for short term is around $17, hence the standard deviation is calculated at $3.12.
For the current week, the company shares have a recommendation consensus of Buy. Applied Materials (NASDAQ:AMAT): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $26.56 and $26.41 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $26.99. The buying momentum continued till the end and the stock did not give up its gains. It closed at $26.82, notching a gain of 1.55% for the day. The total traded volume was 7,599,083 . The stock had closed at $26.41 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Salehpour Ali, Officer (Sr. Vp, Gm New Mrkts & Service) of APPLIED MATERIALS INC /DE, had unloaded 35,505 shares at an average price of $24.07 in a transaction dated on June 23, 2016. The total value of the transaction was worth $854,605.
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.