According to TipRanks.com, Ellis is a 5-star analyst with an average return of 7.4% and a 60.1% success rate. Ellis covers the Consumer Goods sector, focusing on stocks such as Axcelis Technologies, Skyworks Solutions, and Brooks Automation.
Currently, the analyst consensus on Applied Materials is a Strong Buy with an average price target of $63.92, an 11.9% upside from current levels. In a report issued on November 11, Susquehanna also reiterated a Buy rating on the stock with a $70.00 price target.
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Applied Materials’ market cap is currently $52.62B and has a P/E ratio of 18.99. The company has a Price to Book ratio of 6.48.
Based on the recent corporate insider activity of 45 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.