According to TipRanks.com, Ellis is a 4-star analyst with an average return of 2.7% and a 49.7% success rate. Ellis covers the Technology sector, focusing on stocks such as Sequans Communications S A, Axcelis Technologies, and Skyworks Solutions.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Applied Materials with a $69.89 average price target.
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Based on Applied Materials’ latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $3.96 billion and net profit of $755 million. In comparison, last year the company earned revenue of $3.54 billion and had a net profit of $666 million.
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AMAT in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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. The Semiconductor Systems segment includes semiconductor capital equipment for deposition, etch, ion implantation, rapid thermal processing, chemical mechanical planarization, metrology and inspection, and wafer level packaging. The Applied Global Services segment provides solutions to optimize equipment, performance, and productivity. The Display and Adjacent Markets segment offers products for manufacturing liquid crystal displays, organic light-emitting diodes; coating systems and display technologies for television; personal computers, tablets, smart phones, and consumer-oriented devices. The company was founded on November 10, 1967 and is headquartered in Santa Clara, CA.