Applied Materials Inc. (NASDAQ:AMAT) was downgraded to Hold by Mizuho Securities, despite strong Q3 results showing a total net revenue of ~$7.3 billion, with Semiconductor Systems revenue up 10%. CEO Gary Dickerson anticipates a sixth consecutive year of revenue growth, with investments in a new manufacturing facility in Arizona and plans to double advanced packaging business.

Applied Materials Inc. (NASDAQ:AMAT) provides manufacturing equipment, services, and software to semiconductor, display, and related industries through its three segments: Semiconductor Systems, Applied Global Services, and Display. The company boasts strong financial health with $5.4 billion in cash and cash equivalents.

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Read more at Yahoo Finance: Mizuho Downgrades Applied Materials (AMAT) to Hold with a $170 PT Despite Strong Q3 Results