Applied Rises On Unusually High Volume (AMAT)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Applied Materials (Nasdaq: AMAT) is trading at unusually high volume Friday with 24.4 million shares changing hands. It is currently at two times its average daily volume and trading up 35 cents (+2.8%) at $12.75 as of 11:46 a.m. ET.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Applied has a market cap of $14.29 billion and is part of the technology sector and electronics industry. Shares are up 4.3% year to date as of the close of trading on Thursday.

Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, flat panel display, solar photovoltaic (PV), and related industries worldwide. The company has a P/E ratio of 132.6, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Applied as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full Applied Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.
null

If you liked this article you might like

I Watched the Apple iPhone X Reveal Live and Thought It Was So Lame

Apple's Special Event Was Lame

Trifecta Stocks: Bracing for the Stock Market's Own Hurricane Season

Apple's iPhone 8 Is Helping Boost Micron and Other Memory Makers -- for Now