Applied Materials (AMAT) – Among Billionaire Steven Cohen’s Top 11 Dividend Stock Picks

Applied Materials, Inc. (NASDAQ:AMAT) is included among Billionaire Steven Cohen’s Top 11 Dividend Stock Picks.

On June 26, Wells Fargo raised its price recommendation on Applied Materials, Inc. (NASDAQ:AMAT) to $740 from $715. It reiterated an Overweight rating on the shares. The firm said the company’s Memory & AP Master Class reinforced its positive view of Applied Materials’ broad product portfolio. The analyst believes the company is well-positioned to deliver integrated, co-optimized materials solutions that will support continued semiconductor scaling.

Also on June 26, B. Riley increased its price goal on AMAT to $790 from $550. It kept a Buy rating on the stock. The firm said the company’s DRAM and Advanced Packaging Master Class highlighted a larger long-term opportunity than previously expected. The analyst added that Applied Materials is well-positioned in leading-edge foundry and logic markets, while rising process intensity across DRAM and advanced packaging should support demand. B. Riley believes these trends could drive a sustained multi-year investment cycle in semiconductor equipment and create further opportunities for the company to gain market share.

Applied Materials, Inc. (NASDAQ:AMAT) is a materials engineering solutions company. It provides equipment, services, and software to the semiconductor, display, and related industries. The company operates through two business segments: Semiconductor Systems and Applied Global Services (AGS).

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