Revenue Update on Applied Materials(NASDAQ:AMAT)

Applied Materials(NASDAQ:AMAT) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during After-hours on Aug 18, 2016. Company reported revenue of $2.82B. Analysts estimated a revenue of $2.84B. Earnings per share were $0.50. Analysts had estimated an EPS of $0.48.

In a different note, On Aug 15, 2016, Stifel Nicolaus said it Maintains its rating on Applied Materials. In the research note, the firm Raises the price-target to $28.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 12, 2016, Citigroup said it Maintains its rating on Applied Materials. In the research note, the firm Raises the price-target to $28.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 11, 2016, B. Riley said it Maintains its rating on Applied Materials. In the research note, the firm Raises the price-target to $27.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 9, 2016, Credit Suisse 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 ‘Outperform’ by the firm. 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.

Applied Materials (AMAT) made into the market gainers list on Mondays trading session with the shares advancing 0.27% or 0.08 points. Due to strong positive momentum, the stock ended at $30.05, which is also near the day’s high of $30.27. The stock began the session at $29.92 and the volume stood at 97,99,140 shares. The 52-week high of the shares is $30.155 and the 52 week low is $14.29. The company has a current market capitalization of $32,481 M and it has 1,08,08,93,860 shares in outstanding.

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.

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