(NASDAQ:AMAT) ended Thursday session in red amid volatile trading.
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Applied’s non-GAAP adjusted results exclude the impact of the following, where applicable: certain items related to mergers and acquisitions; restructuring charges and any associated adjustments; impairments of assets, or investments; gain or loss on sale of strategic investments; and certain discrete adjustments and tax items. During the 52- week trading period, the stock has a peak price of $21.67 and its minimum price is recorded at $14.25. The company has a market cap of $22.52B.
AMAT stock is now printing a very strong average trading volume with the issue trading more than 12 million shares, less than 30 minutes into the trading session. AMAT President and CEO TILLMAN LEE M also Purchased 28,791 shares, at a stock price of $26. Looking forward, analysts on average predict that earnings for the current quarter would come in between $-0.48 and $-0.20. And roundups of analyst notes show that 0 are rating the stock a buy while 0 rate AMAT a strong buy. The company has the insider ownership of 0.50 % while the Beta factor was registered at 1.78. Cramer’s trust did not own Applied Materials stock when this story was published. The company had $0.34 in earnings per share (EPS) on $2.45 billion in revenue compared to consensus estimates from Thomson Reuters that called for $0.32 in EPS on $2.43 billion in revenue.
Shares of the company registered a buying an d selling volume of 1.8 million shares lower than its 3-months average volume of 2.02 million shares and traded in range of $6.19 to $6.30. “UNDERPERFORM RATING” issued by 0 analysts and “SELL RATING” signal was suggested by 0 analysts.
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Ashmore Wealth Management Llc decreased its stake in Applied Materials Inc (NASDAQ:AMAT) by 24.63% based on its latest 2016Q1 regulatory filing with the SEC. (NASDAQ:BIDU) highlighted downward shift of -0.93% or -1.59 points to $169.45. The company has a book value ratio of 3.1415%. The 50 day moving average of NASDAQ:AMAT is 20.63 and the 200 day moving average is 18.82. The stock established a negative trend of -5.88% in last week and indicated fall of -15.79% in previous month. In a report released yesterday, Credit Suisse analyst Farhan Ahmad reiterated a Buy rating on AMAT, with a price target of $23, which represents a potential upside of 16.2% from where the stock is now trading. Among these analysts 9 recommended “STRONG BUY RATING” and 13 analysts suggested “BUY RATING”. This rating has held steady since April, when it was unchanged from a Buy rating, according data compiled by CNN Money.
