Wennerstrom Semi Equipment Analysis Message Board

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To: Donald Wennerstrom who wrote (57109)	8/7/2012 7:25:03 PM
From: Donald Wennerstrom	2 Recommendations Read Replies (1) of 59938

Goldman Sachs Upgrades Applied Materials to “Buy”; New Management is the Catalyst (AMAT) By Dividend.com Staff August 7th, 2012 Semiconductor components maker Applied Materials, Inc. (AMAT) on Tuesday caught s big upgrade form analysts at Goldman Sachs. The firm boosted its rating on AMAT from “Neutral” to “Buy” while lifting its price target from $11.50 to $13.00. That new target suggests a 15% upside to the stock’s Monday closing price of $11.28. Goldman Sachs noted the company’s newly-named President Gary Dickerson is “a significant positive for the company and likely marked the end of the multi-year underperformance in Applied Materials’ stock.” Continuing, “We estimate that if the company restructures more significantly in areas such as display and exits the solar business, that this could add $0.15 or more to full-cycle EPS.” Applied Materials shares rose 25 cents, or +2.2%, in premarket trading Tuesday. The Bottom Line Shares of Applied Materials (AMAT) have a 3.19% dividend yield, based on last night’s closing stock price of $11.28. The stock has technical support in the $10 price area. If the shares can firm up, we see overhead resistance around the $12-$13 price levels. dividend.com