Movement Alert|Applied Materials Rises 3.6% in Pre-Market Trading, Multiple Institutions Raise Target Prices Amid Sector-Wide Strength

Market Focus
Jul 27

On July 27, Applied Materials rose 3.6% in pre-market trading, trading at $554.03 per share, with turnover of $2.3822 million.

On the news front, HSBC on July 24 raised its target price on Applied Materials from $522 to $683, maintaining a Buy rating. Previously, Citi and UBS both raised their target prices to $705, while the FactSet consensus analyst target stands at $641.61. Additionally, Jefferies raised its global wafer fabrication equipment market size forecast, projecting the market to reach $253 billion by 2028, driven by AI and HBM demand. The company is scheduled to report fiscal third-quarter results on August 13, with market expectations for EPS of $3.36, forming a near-term catalyst.

Within the Semiconductor Equipment sector, stocks broadly advanced. Among individual names, Teradyne rose 4.28%, KLA-Tencor rose 3.51%, Lam Research rose 3.31%, Amkor Technology rose 3.14%, and ASML rose 2.45%.

(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.)

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