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Applied Materials (NASDAQ:AMAT) will post its Q214 quarterly earnings results on Thursday, May 15th. Analysts expect Applied Materials to post earnings of $0.28 per share and revenue of $2.35 billion for the quarter.

Applied Materials (NASDAQ:AMAT) opened at 19.11 on Wednesday. Applied Materials has a one year low of $14.32 and a one year high of $21.16. The stock has a 50-day moving average of $19.48 and a 200-day moving average of $18.22. The company has a market cap of $23.144 billion and a price-to-earnings ratio of 49.92. Applied Materials also was the recipient of a significant increase in short interest in the month of April. As of April 30th, there was short interest totalling 72,492,782 shares, an increase of 2.0% from the April 15th total of 71,076,730 shares. Based on an average trading volume of 13,418,496 shares, the short-interest ratio is presently 5.4 days. Approximately 6.0% of the company’s shares are short sold.

A number of research firms have recently commented on AMAT. Analysts at Zacks reiterated a “neutral” rating on shares of Applied Materials in a research note on Thursday, May 1st. They now have a $20.00 price target on the stock. On a related note, analysts at Summit Research initiated coverage on shares of Applied Materials in a research note on Wednesday, April 23rd. They set a “buy” rating on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Applied Materials in a research note on Tuesday, April 22nd. They now have a $22.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. Applied Materials presently has a consensus rating of “Buy” and an average target price of $20.06.

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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