Applied Materials News
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Andrew S. Ross' Bottom Line column on a scheduled union vote by Virgin America flight attendants misidentified the group funding an antiunion website.
The firm reiterated its "neutral" rating for the company. The new price target reflects the estimates of Applied Materials' Tokyo Electron acquisition according to UBS analysts.
With a new name, mission and vision, Applied and Tokyo Electron intend to move quickly and begin to create value as soon as the merger closes.
U.S. stocks sold off hard with momentum stocks seeing larger losses with names like Twitter , Facebook , FireEye and others under-performed major indices significantly.
This series, brought to you by Yahoo! Finance, looks at which upgrades and downgrades make sense, and which ones investors should act on.
The firm set an "overweight" rating and a $27.00 price target on the stock. Piper Jaffray's price objective points to a potential upside of 17.60% from the company's current price.
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Shares of chip equipment maker Applied Materials are up 12 cents, or half a percent, at $22.93, after J.P. Morgan 's Harlan Sur raised his rating on the stock to Overweight from Neutral, and raised his price target to $30 from $19, writing that he has improved confidence about the company's merger with Japan's Tokyo Electron , on top of an already ... (more)
Separately, TheStreet Ratings team rates APPLIED MATERIALS INC as a Buy with a ratings score of B+.
Applied Materials EVP Randhir Thakur sold 70,295 shares of the stock on the open market in a transaction dated Thursday, July 3rd.
Applied expects the transaction to close in the second half of the year, subject to customary conditions, including regulatory reviews in various countries.
The new system, called the Applied Varian VIISta 900 3D system, uses innovations in precision materials engineering to deliver levels of control necessary to improve device performance, reduce variability, and increase yields of high-performance, high-density 3D devices.
Updated: Thu Jul 10, 2014 01:08 pm
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