Credit Suisse Maintains Applied Materials to Outperform with Price Target $29.00

Brokerage firm Credit Suisse Maintains its rating on Applied Materials(NASDAQ:AMAT). In a research note issued to the investors, the brokerage major Raises the price-target to $29.00 per share. The shares have been rated Outperform. The rating by Credit Suisse was issued on Aug 9, 2016.

In a different note, On Jun 2, 2016, Goldman Sachs said it Maintains its rating on Applied Materials. In the research note, the firm Raises the price-target to $25.00 per share. The shares have been rated ‘Buy’ by the firm. On May 27, 2016, Stifel Nicolaus said it Maintains its rating on Applied Materials. In the research note, the firm Raises the price-target to $24.00 per share. The shares have been rated ‘Buy’ by the firm. On May 25, 2016, Citigroup said it Upgrades its rating on Applied Materials. The shares have been rated ‘Buy’ by the firm. On May 20, 2016, Cowen & Company said it Maintains its rating on Applied Materials. In the research note, the firm Raises the price-target to $24.00 per share. The shares have been rated ‘Outperform’ by the firm. On May 20, 2016, B. Riley said it Upgrades its rating on Applied Materials. The shares have been rated ‘Buy’ by the firm. On May 20, 2016, UBS said it Maintains its rating on Applied Materials. In the research note, the firm Raises the price-target to $26.00 per share. The shares have been rated ‘Buy’ by the firm.

Applied Materials (AMAT) made into the market gainers list on Wednesdays trading session with the shares advancing 0.26% or 0.07 points. Due to strong positive momentum, the stock ended at $27.29, which is also near the day’s high of $27.43. The stock began the session at $27.43 and the volume stood at 1,02,55,330 shares. The 52-week high of the shares is $27.75 and the 52 week low is $14.25. The company has a current market capitalization of $29,723 M and it has 1,08,91,43,900 shares in outstanding.

Applied Materials has also declared a cash dividend of $0.1000 on Jun 9, 2016. The shares will quote ex-dividend on Aug 23, 2016 and the record date has been fixed on Aug 25, 2016. The dividend payable date has been fixed on Sep 15, 2016.

Applied Materials(AMAT) last announced its earnings results on May 19, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $2.45B. Analysts had an estimated revenue of $2.42B. Earnings per share were $0.34. Analysts had estimated an EPS of $0.32.

Several Insider Transactions has been reported to the SEC. On Jun 27, 2016, Ali Salehpour (Sr. VP, GM New Mrkts & Service) sold 35,505 shares at $24.07 per share price.Also, On May 27, 2016, Thomas J Iannotti (director) sold 15,000 shares at $23.67 per share price.On May 25, 2016, Stephen R Forrest (director) sold 5,000 shares at $22.86 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *