Applied Materials Inc. stock has reached an all-time high, closing at $448.62, just above its 52-week high of $448.45.
The semiconductor equipment giant now commands a market capitalization of $355.46 billion. Bond.az data suggests the stock may be overvalued at current levels, trading at a P/E ratio of 42.07.
Over the past year, Applied Materials has seen a remarkable 176.59% increase in its stock price. The momentum remains strong with a 73.32% gain over the last six months. 26 analysts have revised their earnings upwards for the upcoming period.
In other news, Applied Materials reported strong quarterly results with revenue and EPS surpassing estimates. Cantor Fitzgerald raised its price target to $575, citing AI strength.
Broadcom Inc. has joined Applied Materials' EPIC platform. Lynx Equity maintains a bullish price target of $540. Morgan Stanley raised its target for MKS Instruments to $374.
