On August 4, Applied Materials rose 3.05% in pre-market trading, trading at $533.9/share, with turnover of $3.196 million.

On the news front, Citi released a research note adding Applied Materials to its 30-day positive catalyst watch list, urging investors to buy on the view that semiconductor industry demand remains solid. Citi expects the company's fiscal third-quarter results, scheduled for release on August 13, to come in above market consensus, with revenue and EPS forecasts approximately 3% and 2% above Street estimates, respectively. Prior to this, HSBC, Citi, and UBS have raised their target prices to a range of $683 to $705, implying significant upside from current levels.

Within the Semiconductor Equipment sector where Applied Materials belongs, the overall sector is trending higher. Among individual stocks, AXT Inc up 7.18%, Lam Research up 3.05%, KLA Corporation up 2.89%, Teradyne up 2.80%, ASML Holding NV up 2.17%.

(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.)