In a report issued on January 4, Quinn Bolton from Needham reiterated a Buy rating on Applied Materials Inc (AMAT). The company’s shares closed on Friday at $33.70, close to its 52-week low of $28.79.
According to TipRanks.com, Bolton is a 5-star analyst with an average return of 10.2% and a 58.2% success rate. Bolton covers the Consumer Goods sector, focusing on stocks such as MACOM Technology Solutions Holdings Inc, Sequans Communications S A, and Quantenna Communications.
Currently, the analyst consensus on Applied Materials Inc is a Moderate Buy with an average price target of $46.81.
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Applied Materials Inc’s market cap is currently $32.59B and has a P/E ratio of 10.27. The company has a Price to Book ratio of 4.77.
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Applied Materials, Inc. engages in the provision of materials engineering solutions used to produce new chip and advanced display. It operates through the following segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets.
