Applied Materials, Inc. (NASDAQ:AMAT) has a beta value of 1.49 and has seen 4,152,047 shares traded in the recent trading session. The company, currently valued at $124.43 Billion, closed the recent trade at $135.9 per share which meant it lost -$3.01 on the day or -2.16% during that session. The AMAT stock price is -4.75% off its 52-week high price of $142.36 and 65.99% above the 52-week low of $46.22. If we look at the company’s 10-day average daily trading volume, we find that it stood at 13.19 Million shares traded. The 3-month trading volume is 9.73 Million shares.
The consensus among analysts is that Applied Materials, Inc. (AMAT) is a Buy stock at the moment, with a recommendation rating of 1.9. None of the analysts rate the stock as a Sell, while 1 rate it as Overweight. 3 out of 26 have rated it as a Hold, with 21 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is $1.51.
Applied Materials, Inc. (NASDAQ:AMAT) trade information
Despite being -2.16% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Apr 06 when the AMAT stock price touched $145.3 or saw a rise of 6.35%. Year-to-date, Applied Materials, Inc. shares have moved 57.68%, while the 5-day performance has seen it change -4.88%. Over the past 30 days, the shares of Applied Materials, Inc. (NASDAQ:AMAT) have changed 19.06%. Short interest in the company has seen 10.48 Million shares shorted with days to cover at 1.08.
Wall Street analysts have a consensus price target for the stock at $154.52, which means that the shares’ value could jump 13.7% from the levels at last check today. The projected low price target is $113 while the price target rests at a high of $195. In that case, then, we find that the latest price level in today’s session is +43.49% off the targeted high while a plunge would see the stock lose -16.85% from the levels at last check today.
Applied Materials, Inc. (AMAT) estimates and forecasts
Figures show that Applied Materials, Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained +127.27% over the past 6 months, with this year growth rate of 43.41%, compared to 34.7% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 69.7% and 46.2% for the next quarter. Revenue growth from the last financial year stood is estimated to be +26.3%.
18 analysts offering their estimates for the company have set an average revenue estimate of $5.4 Billion for the current quarter. 19 have an estimated revenue figure of $5.54 Billion for the next quarter concluding in July 01, 2021. Year-ago sales stood $3.96 Billion for this quarter, and analysts expect sales will grow by 36.6% for the current quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +28.4% over the past 5 years. Earnings growth for 2021 is a modest +38.2% while over the next 5 years, the company’s earnings are expected to increase by 21.28%.
Applied Materials, Inc. is expected to release its next earnings report between May 12 and May 17 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.96 at a share yield of 0.69%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 1.32%.
Applied Materials, Inc. (NASDAQ:AMAT)’s Major holders
Insiders own 0.37% of the company shares, while shares held by institutions stand at 82.83% with a share float percentage of 83.14%. Investors are also buoyed by the number of investors in a company, with Applied Materials, Inc. having a total of 1896 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 76.3 Million shares worth more than $6.59 Billion. As of December 30, 2020, Blackrock Inc. held 8.32% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 72.98 Million shares as of December 30, 2020. The firm’s total holdings are worth over $6.3 Billion and represent 7.95% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. As of December 30, 2020, the former fund manager holds about 2.81% shares in the company for having 25755298 shares of worth $2.22 Billion while later fund manager owns 18.3 Million shares of worth $1.58 Billion as of December 30, 2020, which makes it owner of about 1.99% of company’s outstanding stock.