Share on StockTwits

Applied Materials (NASDAQ:AMAT) has received an “AA-” credit rating from Morningstar. The agency’s “AA-” rating suggests that the company is a very-low default risk. They also issued a negative credit outlook for the company and gave their stock a two star rating.

A number of other firms have also recently commented on AMAT. Analysts at S&P Equity Research reiterated a “strong-buy” rating on shares of Applied Materials in a research note on Thursday, August 21st. Separately, analysts at Argus reiterated a “buy” rating on shares of Applied Materials in a research note on Tuesday, August 19th. They now have a $22.10 price target on the stock, down previously from $25.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Applied Materials in a research note on Friday, August 15th. They now have a $22.00 price target on the stock. Six analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $24.32.

Applied Materials (NASDAQ:AMAT) opened at 23.105 on Tuesday. Applied Materials has a one year low of $14.99 and a one year high of $23.46. The stock’s 50-day moving average is $21.89 and its 200-day moving average is $20.62. The company has a market cap of $28.151 billion and a price-to-earnings ratio of 28.15. Applied Materials also saw a significant decline in short interest during the month of August. As of August 15th, there was short interest totalling 72,718,443 shares, a decline of 4.1% from the July 31st total of 75,851,986 shares. Currently, 6.0% of the company’s stock are sold short. Based on an average daily trading volume, of 11,529,443 shares, the short-interest ratio is currently 6.3 days.

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 $1.06 EPS 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.

To view more credit ratings from Morningstar, visit

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.