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Shares of Applied Materials (NASDAQ:AMAT) saw a large increase in short interest in 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, AnalystRatingsNetwork reports. Based on an average trading volume of 13,418,496 shares, the days-to-cover ratio is currently 5.4 days. Approximately 6.0% of the shares of the stock are short sold.

AMAT has been the subject of a number of recent research reports. 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. Separately, 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 equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $20.06.

Shares of Applied Materials (NASDAQ:AMAT) opened at 18.95 on Thursday. 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 $19.42 and a 200-day moving average of $18.23. The company has a market cap of $22.950 billion and a P/E ratio of 49.00.

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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