Zacks Rating on Applied Materials (AMAT)

Applied Materials (AMAT) : 13 brokerage houses believe that Applied Materials (AMAT) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Applied Materials (AMAT). Zacks Investment Research suggests a Strong Buy with a rank of 1.The median of all the 17 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.41.

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 $31.6 with an expected fluctuation of $5.91 from the mean.


Shares of Applied Materials, Inc. rose by 10.03% in the last five trading days and 13.06% for the last 4 weeks. Applied Materials, Inc. is up 27.5% in the last 3-month period. Year-to-Date the stock performance stands at 61.99%. Applied Materials (NASDAQ:AMAT): stock turned positive on Tuesday. Though the stock opened at $29.25, the bulls momentum made the stock top out at $30.15 level for the day. The stock recorded a low of $29.2 and closed the trading day at $29.95, in the green by 2.74%. The total traded volume for the day was 23,549,175. The stock had closed at $29.15 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.

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