Stocks News Roundup: Applied Materials, Inc. (NASDAQ:AMAT)


Applied Materials, Inc. (NASDAQ:AMAT) added 0.12% and closed its last session at $32.2. The stock has the market capitalization of $34.8 Billion with the total outstanding shares of 1.08 Billion. Applied Materials, Inc.. has Analysts’ Mean Recommendation of 1.39 between the scale of 1 to 5 (1 represents Strong Buy and 5 means Sell). The stock currently has P/E of 20.72 for trailing twelve months while its Forward P/E is 12.86.

Applied Materials, Inc. (NASDAQ:AMAT) touched its 52-Week High of $32.54 on Nov 30, 2016 while it’s 52-Week Low of $15.44 on Feb 11, 2016. The company currently has Return on Assets of 12.6 percent, Return on Equity of 24.8% and Return on Investment of 17.6 percent. The stock currently showing Weekly Volatility of 1.76%% and Monthly Volatility of 2.35% Percent with Average True Range of 0.68 and Beta of 1.84.

The 23 analysts offering 12-month price forecasts for Applied Materials Inc have a median target of 35.00, with a high estimate of 40.00 and a low estimate of 25.00. The median estimate represents a +8.70% increase from the last price of 32.20.

Press Release:

The Company on 18 November

The Tech Museum of Innovation is expanding the renowned Tech Awards program to help develop a cadre of young Silicon Valley innovators focused on using technology to benefit humanity. The new program, called The Tech for Global Good, on 18 November reported it will honor laureates and develop exhibits and programs about their work with the goal of inspiring the next-generation of social entrepreneurs.

The declaredment was made earlier today at the 16th annual Tech Awards gala, presented by Applied Materials, where seven former laureates were honored for their achievements in using technology to benefit humanity.

“It’s time to expand The Tech Awards from a single evening enjoyed by a fortunate few to a year-long program,” said Tim Ritchie, president and CEO of The Tech. “We have the opportunity to inspire hundreds of thousands of people a year and engage the hearts and minds of young people with purpose-driven technology.”

The Tech for Global Good program will revolve around a major global issue each year. The program’s first focus, beginning in the fall of 2017, will be technology and health. The first exhibits highlighting innovations on this subject will be unveiled at next year’s Tech Awards for Global Good, which will be held at The Tech in San Jose.

Company Profile:

Applied Materials develops, manufactures, markets and services semiconductor wafer fabrication equipment and related spare parts for the worldwide semiconductor industry. Customers for these products include semiconductor wafer manufacturers and semiconductor integrated circuit  manufacturers, who either use the Ics they manufacture in their own products or sell them to other companies. These ICs are the key components in most advanced electronic products such as computers, telecommunications devices, automotive engine management systems and electronic games.