Why Applied Materials Is Up 46% This Year
Shares of the semiconductor equipment maker Applied Materials (NASDAQ: AMAT) have risen 46% this year, according to data provided by S&P Global Market Intelligence, after the company reported two strong quarters that surpassed analysts' expectations.
Applied Materials began its slow and steady ascent this year after the company reported a strong first-quarter 2017 in February. Sales increased 45% year over year to $3.28 billion, and the company's non-GAAP (generally accepted accounting principles) earnings per share of $0.67 set an all-time record for the company. That bested analysts' consensus forecast of $0.66 EPS and helped start the company's share-price rise.
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Source: Fool.com
Applied Materials Inc. Stock
€178.42
1.800%
With 46 Buy predictions and 1 Sell predictions Applied Materials Inc. is one of the favorites of our community.
As a result the target price of 223 € shows a positive potential of 24.99% compared to the current price of 178.42 € for Applied Materials Inc..
