Share on StockTwits

Equities research analysts at Credit Suisse lifted their price objective on shares of Applied Materials (NASDAQ:AMAT) from $21.00 to $22.00 in a research note issued to investors on Friday. The firm currently has a “neutral” rating on the stock. Credit Suisse’s price objective would indicate a potential upside of 4.02% from the company’s current price.

Shares of Applied Materials (NASDAQ:AMAT) traded up 5.44% on Friday, hitting $22.30. The stock had a trading volume of 4,252,336 shares. Applied Materials has a 52 week low of $14.85 and a 52 week high of $23.46. The stock’s 50-day moving average is $21.99 and its 200-day moving average is $20.19. The company has a market cap of $27.148 billion and a price-to-earnings ratio of 30.04. Applied Materials also saw some unusual options trading activity on Wednesday. Investors purchased 65,197 call options on the stock. This is an increase of approximately 579% compared to the typical volume of 9,608 call options.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings results on Thursday, August 14th. The company reported $0.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.27 by $0.01. The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.29 billion. Analysts expect that Applied Materials will post $1.05 EPS for the current fiscal year.

AMAT has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Applied Materials in a research note on Wednesday, July 30th. They now have a $22.00 price target on the stock. Separately, analysts at Argus raised their price target on shares of Applied Materials from $25.00 to $28.00 in a research note on Tuesday, July 15th. They now have a “buy” rating on the stock. Finally, analysts at B. Riley upgraded shares of Applied Materials from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 15th. They now have a $25.00 price target on the stock, up previously from $23.06. Six research analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $24.40.

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

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.