Applied Materials Rating Lowered to Hold at Needham & Company (AMAT)

By admin | 6 years ago

Applied Materials (NASDAQ: AMAT) was downgraded by equities research analysts at Needham & Company from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

AMAT has been the subject of a number of other recent research reports. Analysts at Barclays Capital (NYSE: BCS) reiterated an “equal weight” rating on shares of Applied Materials in a research note to investors on Thursday, March 29th. Separately, analysts at Brigantine initiated coverage on shares of Applied Materials in a research note to investors on Friday, February 24th. They set a “neutral” rating on the stock. Finally, analysts at UBS AG (NYSE: UBS) raised their price target on shares of Applied Materials to $14.00 in a research note to investors on Saturday, February 18th.

Shares of Applied Materials traded up 0.51% during mid-day trading on Tuesday, hitting $10.865. Applied Materials has a 52 week low of $9.70 and a 52 week high of $14.55. The company has a market cap of $14.028 billion and a P/E ratio of 9.29.

Applied Materials last announced its earnings results on Thursday, February 16th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.06. The company’s revenue for the quarter was down 18.5% on a year-over-year basis. On average, analysts predict that Applied Materials will post $0.26 earnings per share next quarter.

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

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