Susquehanna Sticks to Its Hold Rating for Applied Materials (AMAT)

Susquehanna analyst Mehdi Hosseini reiterated a Hold rating on Applied Materials (AMATResearch Report) today and set a price target of $92.00. The company’s shares closed yesterday at $104.45.

According to TipRanks, Hosseini is a 5-star analyst with an average return of 12.5% and a 58.57% success rate. Hosseini covers the Technology sector, focusing on stocks such as Seagate Tech, Micron, and Super Micro Computer.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Applied Materials with a $111.89 average price target.

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AMAT market cap is currently $89.86B and has a P/E ratio of 13.98.

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Founded in 1967, Applied Materials, Inc. is a California-based company which provides manufacturing equipment, services, and software solutions to the semiconductor, display, and related industries to produce new chip and advanced display. It operates through the following segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets.

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