Applied Materials, Inc. – Consensus ‘buy’ rating and -8.0% Downside Potential

Broker Ratings
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Applied Materials, Inc. with ticker code (AMAT) have now 29 analysts in total covering the stock. The consensus rating is pointing to ‘buy’. The target price High/Low ranges between $274.68 and $181.29 calculating the average target price we see $221.84. Given that the stocks previous close was at $241.26 this would imply there is a potential downside of -8.0%. The 50 day moving average now sits at $225.21 and the 200 moving average now moves to $183.60. The total market capitalization for the company now stands at 201.53B. The stock price for Occidental Petroleum Corporation is $243.40 USD

The potential market cap would be $185,307,200,338 based on the market consensus.

The company is not paying dividends at this time.

Other points of data to note are a P/E ratio of 28.01, revenue per share of $31.80 and a 15.67% return on assets.

Applied Materials, Inc. provides manufacturing equipment, services and software to the semiconductor, display, and related industries. The Company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. Its Semiconductor Systems segment primarily consists of capital equipment used to fabricate semiconductor chips. Its Applied Global Services segment provides integrated solutions to optimize equipment and fab performance and productivity, including spares, upgrades, services, certain remanufactured old equipment and factory automation software for semiconductor, display and solar products. Its Display and Adjacent Markets segment includes products for manufacturing liquid crystal and organic light-emitting diode (OLED) displays, and other display technologies for televisions, monitors, laptops, personal computers, electronic tablets, smart phones, and other consumer-oriented devices and equipment upgrades.

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