On July 15, Applied Materials rose 4.5% in pre-market trading, trading at $620.79/share, with turnover of $11.05 million.
On the news front, Goldman Sachs, Morgan Stanley, Mizuho, and Stifel collectively raised their target prices for Applied Materials to the $630-$650 range, reflecting strong institutional confidence. Meanwhile, CEO Gary Dickerson signaled stronger long-term visibility into semiconductor equipment demand, noting that major chipmakers are sharing production plans extending well beyond 2027, with some customers providing directional outlooks through 2030 to support capacity planning. The company also expects advanced chip packaging equipment to remain one of the industry's fastest-growing segments driven by AI infrastructure buildout.
Within the Semiconductor Equipment sector, the overall sector showed broad-based recovery. Among individual stocks, ASML Holding up 5.64%, Lam Research up 4.45%, KLA-Tencor up 4.37%, Teradyne up 3.62%, AXT Inc up 1.37%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
