Applied Materials Inc (NDAQ:AMAT) Rating Reiterated
In a report released on Friday morning, Applied Materials Inc (NDAQ:AMAT) stock had its Buy Rating reiterated by professional analysts at Needham. They currently have a $54.00 PT on company. Needham’s target suggests a potential upside of 22.59 % from the company’s last price.
According to data compiled by Thomson Reuters, Applied Materials Inc (NDAQ:AMAT)’s stock is covered by 21 equity analysts across the Street, with 1 analysts giving it a Sell rating, 20 a Buy rating, while 2 consider it a Hold. The 12-month consensus target price for the stock is $26.64, which reflects an downside potential of 39.56% over the current price.
Praesidium Investment Management Company Llc had the largest stake with ownership of 3.53 million shares as of Q2 2015 for 9.01% of the equity exposure. Sensato Investors Llc is another notably bullish investment professional who is having 922,645 shares of Applied Materials Inc. or 5.91% of their equity exposure. Further, Magee Thomson Investment Partners Llc have 5.2% of their equity exposure invested in the company for 522,300 shares. The Texas-based fund Kempner Capital Management Inc. revealed it had bought a stake worth about 4.94% of the investment professional’s stock portfolio in Applied Materials Inc.. The New York-based fund Harvey Partners Llc is also positive about the stock, possessing 237,790 shares or 4.88% of their equity exposure.
Applied Materials Inc (NDAQ:AMAT) Profile
Applied Materials, Inc. provides manufacturing equipment, services and software to the global semiconductor, display and related industries. The Company’s segments are Semiconductor Systems, which includes semiconductor capital equipment for etch, rapid thermal processing, deposition, chemical mechanical planarization, metrology and inspection, wafer packaging, and ion implantation; Applied Global Services, which provides integrated solutions to optimize equipment and fab performance and productivity; Display and Adjacent Markets, which includes products for manufacturing liquid crystal displays, organic light-emitting diodes, upgrades and roll-to-roll Web coating systems and other display technologies for televisions, personal computers, smart phones and other consumer-oriented devices, and Corporate and Other segment, which includes revenues from products, as well as costs of products sold for fabricating solar photovoltaic cells and modules, and certain operating expenses.
Applied Materials Inc (NDAQ:AMAT) traded up 0.39% on 19 May, hitting $44.08. A total of 23.33M shares of the company’s stock traded hands. This is up from average of 8.93M shares. Applied Materials Inc. has a 52 week low of $19.72 and a 52 week high of $45.74. The company has a market cap of $48.88B and a P/E ratio of 22.55.
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