Applied Reaches New 52-Week High (AMAT)

NEW YORK ( TheStreet) -- Applied Materials (Nasdaq: AMAT) hit a new 52-week high Wednesday as it is currently trading at $16.12, above its previous 52-week high of $16.09 with 7.7 million shares traded as of 10:26 a.m. ET. Average volume has been 14 million shares over the past 30 days.

Applied has a market cap of $18.19 billion and is part of the technology sector and electronics industry. Shares are up 32.3% year to date as of the close of trading on Tuesday.

Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, flat panel display, solar photovoltaic (PV), and related industries worldwide.

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TheStreet Ratings rates Applied as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, 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.

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