In the last trading session, 18,004,754 shares of the Applied Materials, Inc. (NASDAQ:AMAT) were traded, and its beta was 1.5. Most recently the company’s share price was $139.54, and it changed around -$3.51 or -0.02% from the last close, which brings the market valuation of the company to $128.05 Billion. AMAT currently trades at a discount to its 52-week high of $145.3, offering almost -4.13% off that amount. The share price’s 52-week low was $46.22, which indicates that the current value has risen by an impressive 66.88% since then. We note from Applied Materials, Inc.’s average daily trading volume that its 10-day average is 13.25 Million shares, with the 3-month average coming to 9.4 Million.
Applied Materials, Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 1.9. If we narrow it down even further, the data shows that none out of 26 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 3 recommended AMAT as a Hold, whereas 21 deemed it a Buy, and 1 rated it as Underweight. Applied Materials, Inc. is expected to report earnings per share of $1.51 for the current quarter.
Applied Materials, Inc. (NASDAQ:AMAT): Trading Information
Although AMAT has showed a red trend with a performance of -2.45% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $146 on Monday, Apr 05 increased the stock’s daily price by 4.42%. The company’s shares are currently up 0.62% year-to-date, but still up 0.11 over the last five days. On the other hand, Applied Materials, Inc. (NASDAQ:AMAT) is 0.23% up in the 30-day period. We can see from the shorts that 10.48 Million shares have been sold at a short interest cover period of 1.11 day (s).
The consensus price target as assigned by Wall Street analysts is $146.08, which translates to bears needing to increase their stock price by 4.69% from its current value. Analyst projections state that AMAT is forecast to be at a low of $113 and a high of $195. In order for the stock price to hit the forecast high, the stock would need to surge +39.74% from its current level, while the stock would need to crash -19.02% from its current level to reach the projected low.
Applied Materials, Inc. (AMAT) projections and forecasts
Applied Materials, Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +139.72 percent over the past six months and at a 43.41% annual growth rate that is well above the industry average of 34.7%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +69.7% in revenue this quarter, and will report an increase of 46.2% in the next quarter. The year-over-year growth rate is expected to be 26%, up from the previous year.
Consensus estimates provided by 19 financial analysts predict the company will bring in an average of $5.41 Billion in revenue for the current quarter. 20 analysts expect Applied Materials, Inc. to make $5.53 Billion in revenue for the quarter ending July 01, 2021. The company’s sales for the same quarter a year ago was $3.96 Billion. Analysts predict that the company’s current quarter sales will jump, forecast at 36.7%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 28.4%. Applied Materials, Inc. earnings are expected to increase by 38.2% in 2021, but the outlook is positive 21.28% per year for the next five years.
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AMAT Dividend Yield
Applied Materials, Inc.’s next quarterly earnings report is expected to be released around May 12 – May 17, 2021. The annual dividend yield of the stock is 0.67 percent and its annual dividend per share was $0.96. It is important to note, however, that the 0.67% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 1.32% per year.
Applied Materials, Inc. (NASDAQ:AMAT)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 0.37% of Applied Materials, Inc. shares, and 82.8% of them are in the hands of institutional investors. The stock currently has a share float of 83.1%. Applied Materials, Inc. stock is held by 1889 institutions, with Blackrock Inc. being the largest institutional investor. By Dec 30, 2020, it held 8.32% of the shares, which is about 76.3 Million shares worth $6.59 Billion.
Vanguard Group, Inc. (The), with 7.95% or 72.98 Million shares worth $6.3 Billion as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Dec 30, 2020. The former held 25755298 shares worth $2.22 Billion, making up 2.81% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 18.3 Million shares worth around $1.58 Billion, which represents about 1.99% of the total shares outstanding.