Applied Materials (AMAT) : Traders are bullish on Applied Materials (AMAT) as it has outperformed the S&P 500 by a wide margin of 3.48% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.57%, 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 4.12% in the last 1 week, and is up 1.38% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 1.4% and the 50-Day Moving Average is 8.79%.The 200 Day SMA reached 37.73% Applied Materials, Inc. is up 28.7% in the last 3-month period. Year-to-Date the stock performance stands at 63.09%.
Applied Materials (AMAT) : The most positive equity analysts on Applied Materials (AMAT) expects the shares to touch $41, whereas, the least positive believes that the stock will trade at $17 in the short term. The company is covered by 15 Wall Street Brokerage Firms. The average price target for shares are $32.3 with an expected fluctuation of $5.85 from the mean.
For the current week, the company shares have a recommendation consensus of Buy. Applied Materials (NASDAQ:AMAT): stock was range-bound between the intraday low of $29.89 and the intraday high of $30.44 after having opened at $30.38 on Fridays session. The stock finally closed in the red at $30.38, a loss of -0.33%. The stock remained in the red for the whole trading day. The total traded volume was 16,245,771 shares. The stock failed to cross $30.44 in Fridays trading. The stocks closing price on Thursday was $30.15.
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.