Craig-Hallum analyst Christian Schwab maintained a Buy rating on Applied Materials (AMAT – Research Report) today. The company’s shares closed yesterday at $185.54.
According to TipRanks, Schwab is a 5-star analyst with an average return of 16.8% and a 62.74% success rate. Schwab covers the Technology sector, focusing on stocks such as Flex, Lantronix, and Nokia.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Applied Materials with a $177.89 average price target, a -4.12% downside from current levels. In a report released today, TD Cowen also maintained a Buy rating on the stock with a $185.00 price target.
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AMAT market cap is currently $154.6B and has a P/E ratio of 22.87.
Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AMAT in relation to earlier this year.
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Applied Materials (AMAT) Company Description:
Founded in 1967, Applied Materials, Inc. is a California-based company which provides manufacturing equipment, services, and software solutions to the semiconductor, display, and related industries to produce new chip and advanced display. It operates through the following segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets.
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