In a report released today, Christian Schwab from Craig-Hallum maintained a Buy rating on Applied Materials (AMAT – Research Report). The company’s shares closed last Friday at $209.73.
Schwab covers the Technology sector, focusing on stocks such as Infinera, Aehr Test Systems, and Entegris. According to TipRanks, Schwab has an average return of 16.7% and a 60.60% success rate on recommended stocks.
In addition to Craig-Hallum, Applied Materials also received a Buy from Wells Fargo’s Joseph Quatrochi in a report issued on May 2. However, today, Jefferies downgraded Applied Materials (NASDAQ: AMAT) to a Hold.
The company has a one-year high of $214.91 and a one-year low of $115.03. Currently, Applied Materials has an average volume of 5.53M.
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Applied Materials (AMAT) Company Description:
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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