Piper Sandler Maintains Neutral on Applied Materials, Lowers Price Target to $132
Piper Sandler analyst Weston Twigg maintains Applied Materials (NASDAQ:AMAT) with a Neutral and lowers the price target from $153 to $132.
Applied Materials Q2 Adj. EPS $1.85 Misses $1.90 Estimate, Sales $6.25B Miss $6.37B Estimate
Applied Materials (NASDAQ:AMAT) reported quarterly earnings of $1.85 per share which missed the analyst consensus estimate of $1.90 by 2.63 percent. This is a 13.5 percent increase over earnings of $1.63 per share from
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Earnings Scheduled For May 19, 2022
Companies Reporting Before The Bell
• Sociedad Quimica Y Minera (NYSE:SQM) is projected to report quarterly earnings at $1.28 per share on revenue of $1.28 billion.
Why Applied Materials Shares Are Diving Today
Shares of several companies in the broader tech & semiconductor sectors, including Applied Materials, Inc. (NASDAQ: AMAT), are trading lower amid overall market weakness as stocks fall following weak retail earnings this week.
Peering Into Applied Materials’s Recent Short Interest
Applied Materials's (NASDAQ:AMAT) short percent of float has fallen 15.74% since its last report. The company recently reported that it has 7.98 million shares sold short, which is 0.91% of all regular shares that are available for trading.
Expert Ratings for Applied Materials
Analysts have provided the following ratings for Applied Materials (NASDAQ:AMAT) within the last quarter: