AMAT made new all-time highs

Updated on:
Nov 20th, 2020

On Friday's all-time highs arrive after making other 2 highs recently. On Friday Applied Materials, Inc. ($AMAT) did it again and price closed at $76.72 only changing a -0.69%; new all-time highs are set at $78.57.

Last Monday, Argus raised the price target from $80.00 to $90.00 (17.31% over the closing price) with a strong buy rating. The degree of accuracy of analysts' assessments is not specially high and so should never be taken as a straightforward buy or sell recommendation.

On November 12, Applied Materials, Inc. ($AMAT) posted adjusted EPS for fiscal 4th-quarter that slightly beat Wall St. expectations. Quarterly EPS was $1.25 per share compared to the forecasted $1.17. This quarterly report means an earnings surprise of 6.84%. On the contrary, the company said turnover for Q4 was $4.7 billion in line with analysts' forecasts.

AMAT outperformed its competitors for the last four weeks, making a 24.7%. Checking its competitors, ASML (ASML) made a 12.3%, Lam Research (LRCX) marked a 20.5%, KLA-Tencor (KLAC) marked a 18.7%, Teradyne (TER) marked a 16.6%, Entegris (ENTG) performed a 10.3% and IPG Photonics (IPGP) marked a 4.6%. ASML, Lam Research, KLA-Tencor and 2 others are trading very close to all-time highs.

Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits.. The stock belongs to the Semiconductor Equipment & Materials industry in the Technology sector. The company's Headquarters are in Santa Clara, United States, and has 23,600 employees worldwide. Its corporate website is http://www.appliedmaterials.com.

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