Taiwan Semi Supplier Applied Materials Under Scrutiny, Gets Subpoenas For Potential Violation Of Export Restrictions to China
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 24 2024
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Source: Benzinga
Applied Materials received another U.S. Commerce Department subpoena in May for information on China shipments.
The company is under criminal investigation for potentially evading export restrictions on China’s SMIC.
Analyst Views on FTXL
Wall Street analysts forecast FTXL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FTXL is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 154.300
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
