Applied Materials Announces Second Quarter 2022 Results

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Applied Materials (AMAT) PT Lowered to $130 at Needham & Company

May 20, 2022 6:52 AM EDT

Needham & Company analyst N. Quinn Bolton lowered the price target on Applied Materials (NASDAQ: AMAT) to $130.00 (from $172.00) while maintaining a Buy rating following earnings.

The analyst commented, "Supply chain headwinds caused AMAT to miss estimates and guide below consensus.... More