On August 11, Applied Materials fell 3.09% in regular trading, trading at $521.985/share, with turnover of $1.874 billion.
On the news front, the semiconductor equipment sector came under broad selling pressure, with multiple peers declining in tandem. The pullback comes just two days ahead of Applied Materials' fiscal Q3 earnings report scheduled for August 13, where Wall Street expects adjusted EPS of $3.36, representing approximately 35% year-over-year growth. Despite multiple institutions maintaining bullish outlooks — with RBC reiterating an outperform rating and price targets from HSBC and UBS ranging between $683 and $705 — the broader sector weakness weighed on shares ahead of the results.
Within the Semiconductor Equipment sector, ASML Holding fell 0.28%, Lam Research fell 1.56%, AXT Inc fell 16.75%, KLA Corporation fell 2.67%, and Teradyne fell 3.30%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)