Susquehanna analyst Mehdi Hosseini reiterated a Hold rating on Applied Materials (AMAT – Research Report) today and set a price target of $115.00. The company’s shares closed yesterday at $85.04.
According to TipRanks, Hosseini is a 5-star analyst with an average return of 11.3% and a 54.14% success rate. Hosseini covers the Technology sector, focusing on stocks such as Micron, Super Micro Computer, and Corning.
Applied Materials has an analyst consensus of Strong Buy, with a price target consensus of $131.80.
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The company has a one-year high of $165.93 and a one-year low of $82.46. Currently, Applied Materials has an average volume of 6.91M.
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AMAT in relation to earlier this year.
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Founded in 1967, Applied Materials, Inc. is a California-based company which provides manufacturing equipment, services, and software solutions to the semiconductor, display, and related industries to produce new chip and advanced display. It operates through the following segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets.
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