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Goldman Sachs disclosed Applied Materials Inc. (NASDAQ:AMAT), hiking its price target to $33.00 earlier today

Reporting a potential upside of 0.10%, Goldman Sachs upped the price target of Applied Materials Inc. (NASDAQ:AMAT) to $33.00

On 08/23/2016, Zacks Investment Research released a statement about Applied Materials Inc. (NASDAQ:AMAT) upped the target price from $0.00 to $34.00 that suggested an upside of 0.14%.

Having a price of $29.92, Applied Materials Inc. (NASDAQ:AMAT) traded -0.76% lower on the day. With the last stock price up 20.99% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. AMAT has recorded a 50-day average of $29.56 and a two hundred day average of $24.73. Trade Volume was down over the average, with 9,867,563 shares of AMAT changing hands under the typical 12,593,700

Recent Performance Chart

Applied Materials Inc. (NASDAQ:AMAT)

Applied Materials Inc. has 52 week low of $14.92 and a 52 week high of $31.07 with a P/E ratio of 23.60 and has a market cap of $0.

In addition to Goldman Sachs reporting its stock price target, a total of 21 firms have reported on the company. The average stock price target is $26.64 with four equity analysts rating the stock a strong buy, sixteen analysts rating the company a buy, 2 brokers rating the company a hold, one firm rating the stock a underperform, and finally zero equity analysts rating the company a sell.

More About Applied Materials Inc. (NASDAQ:AMAT)

Applied Materials, Inc. (Applied) provides manufacturing equipment, services and software to the semiconductor, display, solar photovoltaic (PV) and related industries across the world. The Company operates in four segments: Silicon Systems, Applied Global Services, Display, and Energy and Environmental Solutions. Its manufacturing activities consist of assembly, test and integration of various commercial parts, components and subassemblies that are used to manufacture systems. Its products include Centura RP Epi, VIISta Systems, Vantage Systems, AKT PECVD Systems, AKT Aristo and PiVot Systems. It caters to customers, including manufacturers of semiconductor chips, liquid crystal and other displays, solar PV cells and other electronic devices. It has implemented a distributed manufacturing model under which manufacturing and supply chain activities are conducted in various countries, including Germany, Israel, Italy, Singapore, Taiwan, the United States and other countries in Asia.

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