In a report released yesterday, Vivek Arya from Bank of America Securities reiterated a Buy rating on Applied Materials (AMAT – Research Report), with a price target of $222.00. The company’s shares closed yesterday at $187.66.
Arya covers the Technology sector, focusing on stocks such as Nvidia, Advanced Micro Devices, and Analog Devices. According to TipRanks, Arya has an average return of 24.3% and a 69.43% success rate on recommended stocks.
Currently, the analyst consensus on Applied Materials is a Moderate Buy with an average price target of $188.55, implying a 0.47% upside from current levels. In a report released today, Goldman Sachs also reiterated a Buy rating on the stock with a $220.00 price target.
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The company has a one-year high of $189.47 and a one-year low of $108.25. Currently, Applied Materials has an average volume of 6.1M.
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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