Applied Materials, Inc. (NASDAQ:AMAT) price target lowered to $57.00 by Citigroup

ME Staff
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Analyst Ratings For Applied Materials, Inc. (NASDAQ:AMAT)

Today, Citigroup lowered its price target on Applied Materials, Inc. (NASDAQ:AMAT) to $57.00 per share.

There are 16 Buy Ratings, 5 Hold Ratings, 1 Strong Buy Ratings, no Sell Ratings on the stock.

The current consensus rating on Applied Materials, Inc. (NASDAQ:AMAT) is Buy with a consensus target price of $61.8095 per share, a potential 60.13% upside.

Some recent analyst ratings include

  • 8/28/2018-Applied Materials, Inc. (NASDAQ:AMAT) gets downgraded to Neutral by Bank of America with a price target of $65.00
  • 8/17/2018-Applied Materials, Inc. (NASDAQ:AMAT) had its Hold rating reiterated by Royal Bank of Canada with a $50.00 price target

Recent Insider Trading Activity For Applied Materials, Inc. (NASDAQ:AMAT)
Applied Materials, Inc. (NASDAQ:AMAT) has insider ownership of 0.35% and institutional ownership of 77.16%.

  • On 3/12/2018 Thomas J Iannotti, Director, sold 15,000 with an average share price of $61.47 per share and the total transaction amounting to $922,050.00.
  • On 1/3/2018 Stephen R. Forrest, Director, sold 4,000 with an average share price of $53.67 per share and the total transaction amounting to $214,680.00.
  • On 1/2/2018 Omkaram Nalamasu, VP, sold 53,466 with an average share price of $53.00 per share and the total transaction amounting to $2,833,698.00.
  • On 12/29/2017 Ali Salehpour, VP, sold 125,125 with an average share price of $51.47 per share and the total transaction amounting to $6,440,183.75.
  • On 12/29/2017 Ali Salehpour, VP, sold 125,125 with an average share price of $51.47 per share and the total transaction amounting to $6,440,183.75.
  • On 11/24/2017 Stephen R. Forrest, Director, sold 5,000 with an average share price of $58.00 per share and the total transaction amounting to $290,000.00.
  • On 10/5/2017 Thomas F Larkins, VP, sold 30,000 with an average share price of $51.24 per share and the total transaction amounting to $1,537,200.00.

About Applied Materials, Inc. (NASDAQ:AMAT)
Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, display, and related industries worldwide. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells a range of manufacturing equipment used to fabricate semiconductor chips or integrated circuits. It offers products and technologies for transistor and interconnect fabrication, including epitaxy, ion implantation, oxidation and nitridation, rapid thermal processing, physical vapor deposition, chemical vapor deposition, chemical mechanical planarization, electrochemical deposition, atomic layer deposition, etching, and selective removal, as well as metrology and inspection tools. The Applied Global Services segment provides integrated solutions to optimize equipment and fab performance and productivity, including spares, upgrades, services, remanufactured earlier generation equipment, and factory automation software for semiconductor, display, and other products. The Display and Adjacent Markets segment offers products for manufacturing liquid crystal displays, organic light-emitting diodes, and other display technologies for TVs, personal computers, electronic tablets, smart phones, and other consumer-oriented devices, as well as equipment for flexible substrates. The company serves manufacturers of semiconductor wafers and chips, liquid crystal and organic light-emitting diode displays, and other electronic devices. Applied Materials, Inc. was founded in 1967 and is headquartered in Santa Clara, California.

Recent Trading Activity for Applied Materials, Inc. (NASDAQ:AMAT)
Shares of Applied Materials, Inc. closed the previous trading session at 38,68 −0,42 1,07 % with 39.15 shares trading hands.