In a report released today, Mark Li from Bernstein maintained a Buy rating on Applied Materials (AMAT – Research Report), with a price target of $240.00. The company’s shares closed last Friday at $205.56.
Li covers the Technology sector, focusing on stocks such as Applied Materials, ASML Holding, and Lam Research. According to TipRanks, Li has an average return of 32.3% and a 72.34% success rate on recommended stocks.
In addition to Bernstein, Applied Materials also received a Buy from Wells Fargo’s Joseph Quatrochi in a report issued on March 1. However, on March 5, UBS maintained a Hold rating on Applied Materials (NASDAQ: AMAT).
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AMAT market cap is currently $170.8B and has a P/E ratio of 24.18.
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.
Read More on AMAT:
- Applied Materials Names Adam Sanders New VP and Controller
- U.S. issued new wave for information on Applied Materials, Bloomberg says
- Applied Materials introduces portfolio for Angstrom Era chipmaking
- Applied Materials Expands Patterning Solutions Portfolio for Angstrom Era Chipmaking
- Applied Materials price target raised to $230 from $170 at Argus
