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Shares of Applied Materials (NASDAQ:AMAT) have earned an average rating of “Buy” from the twenty-five analysts that are covering the stock, Analyst Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation, twelve have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $18.12.

A number of analysts have recently weighed in on AMAT shares. Analysts at RBC Capital downgraded shares of Applied Materials from an “outperform” rating to a “sector perform” rating in a research note to investors on Monday, February 3rd. They now have a $18.00 price target on the stock, down previously from $20.00. They noted that the move was a valuation call. Separately, analysts at TheStreet downgraded shares of Applied Materials from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, December 17th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Applied Materials in a research note to investors on Tuesday, November 19th. They now have a $18.00 price target on the stock.

Applied Materials (NASDAQ:AMAT) remained flat at $17.18 during trading on Monday. The stock had a trading volume of 1,888,502 shares. Applied Materials has a 52 week low of $12.65 and a 52 week high of $18.18. The stock has a 50-day moving average of $17.29 and a 200-day moving average of $16.88. The company has a market cap of $20.688 billion and a P/E ratio of 81.81.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings results on Thursday, November 14th. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.18 by $0.01. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 20.6% on a year-over-year basis. On average, analysts predict that Applied Materials will post $1.08 earnings per share for the current fiscal year.

Applied Materials, Inc (NASDAQ:AMAT) provides manufacturing equipment, services and software to the global semiconductor, flat panel display, solar photovoltaic (PV) and related industries.

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