New Sell Rating for Applied Materials (AMAT), the Technology Giant

In a report released today, Thomas O’Malley from Barclays maintained a Sell rating on Applied Materials (AMAT – Research Report), with a price target of $165.00. The company’s shares closed yesterday at $214.03.

According to TipRanks, O’Malley is a 5-star analyst with an average return of 11.1% and a 58.59% success rate. O’Malley covers the Technology sector, focusing on stocks such as Intel, Advanced Micro Devices, and Broadcom.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Applied Materials with a $231.25 average price target.

The company has a one-year high of $218.75 and a one-year low of $119.46. Currently, Applied Materials has an average volume of 5.25M.

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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.