Applied Materials (AMAT) : Traders are bullish on Applied Materials (AMAT) as it has outperformed the S&P 500 by a wide margin of 14.24% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.78%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.11% in the last 1 week, and is up 14% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 9.36% and the fifty day Moving Average is 15.85%. Applied Materials, Inc. is up 23.05% in the last three month period. Year-to-Date the stock performance stands at 62.66%.
Applied Materials (AMAT) : 15 investment research analysts covering Applied Materials (AMAT) have an average price target of $32.3 for the near short term. The highest target price given by the Brokerage Firm to the stock is $41 and the lowest target is $17 for the short term. Analysts expect the variance to be within $5.85 of the average price.
Applied Materials (NASDAQ:AMAT): stock turned positive on Friday. Though the stock opened at $29.78, the bulls momentum made the stock top out at $30.155 level for the day. The stock recorded a low of $29.7 and closed the trading day at $29.97, in the green by 1.08%. The total traded volume for the day was 12,175,151. The stock had closed at $29.65 in the previous days trading.
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.