Denver, CO, 06/05/2014 (Stocksntrade) – Applied Materials, Inc. (NASDAQ:AMAT) topped the list of the most actively traded stock on NASDAQ at the close of trading on Wednesday, June 4, 2014. The stock gained 0.65% and closed at $21.56. However, during the session the stock hit a 52-week high of $21.92 before close of the trade. Its 52-week low is of $14.62. The stock has gained 13.71% over the past one month and approximately 42% over the trailing twelve months. Its 30 day average trading volume is of 15.04 million shares.
On Wednesday, the stock of Applied Materials traded with significant volumes of 22.701 million shares followed by Broadcom Corporation (NASDAQ:BRCM) which traded with volumes of 21.700 million shares; Cisco Systems Inc. (NASDAQ:CSCO) which traded with volumes of 20.241 million shares; Facebook Inc (NASDAQ:FB) which traded with volumes of 36.056 million shares and Intel Corporation (NASDAQ:INTC) which traded with volumes of 20.814 million shares.
Numbers of equity research analysts have recently commented on the stock of Applied Materials, Inc. (NASDAQ:AMAT) including Jefferies Group research analysts who initiated coverage on the stock with a “buy” rating in a research report issued on Monday, June 2, 2014. The analysts assigned a price target of $28 on the stock which suggests approximately 30% upside from the stock’s previous close. Separately, analysts at Susquehanna raised their price target for the stock to $15 from previously held target of $13 in a research note released on May 16, 2014. On the same day, analysts at Zacks reaffirmed their “neutral” rating on the stock with a price target of $20. Equity analysts at Credit Suisse also raised their price target for the stock to $21 from previously held target of $17. They are currently maintaining a “neutral” rating on the stock.
The stock of Applied Materials, Inc. (NASDAQ:AMAT) has been assigned a “sell” rating by one analyst; a “hold” rating by eight analysts; a “buy” rating by ten analysts; and a “strong buy” rating by two analysts. The company currently has a consensus “buy” rating with an average target price of $21.17.
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