Applied Materials Inc. (NASDAQ: AMAT): A Disaster In The Making Or A Gold Mine? – Marketing Sentinel
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Applied Materials Inc. (NASDAQ: AMAT): A Disaster In The Making Or A Gold Mine?

In today’s recent session, 1.53 million shares of the Applied Materials Inc. (NASDAQ:AMAT) have been traded, and its beta is 1.40. Most recently the company’s share price was $146.67, and it changed around -$2.25 or -1.51% from the last close, which brings the market valuation of the company to $142.27B. AMAT at last check was trading at a discount to its 52-week high of $159.00, offering almost -8.41% off that amount. The share price’s 52-week low was $79.82, which indicates that the recent value has risen by an impressive 45.58% since then. We note from Applied Materials Inc.’s average daily trading volume that its 3-month average coming to 6.89 million.

Applied Materials Inc. stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 31 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 9 recommended AMAT as a Hold, whereas 19 deemed it a Buy, and 0 rated it as Underweight. Applied Materials Inc. is expected to report earnings per share of $1.89 for the current quarter.

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Applied Materials Inc. (NASDAQ:AMAT) trade information

Instantly AMAT has been showing red trend so far today with a performance of -1.51% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 158.98 on Tuesday, 11/23/21 increased the stock’s daily price by 7.74%. The company’s shares are currently up 72.56% year-to-date, but still down -5.66% over the last five days. On the other hand, Applied Materials Inc. (NASDAQ:AMAT) is 9.69% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $167.48, which translates to bulls needing to increase their stock price by 12.43% from its current value. Analyst projections state that AMAT is forecast to be at a low of $131.00 and a high of $208.00. In order for the stock price to hit the forecast high, the stock would need to plunge -41.81% from its current level, while the stock would need to crash 10.68% from its current level to reach the projected low.

Applied Materials Inc. (AMAT) estimates and forecasts

Applied Materials Inc. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 8.78 percent over the past six months and at a 18.42% annual growth rate that is well below the industry average of 22.40%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain 36.00% in revenue this quarter, and will report an increase of 20.90% in the next quarter. The year-over-year growth rate is expected to be 13.60%, up from the previous year.

Consensus estimates provided by 21 financial analysts predict the company will bring in an average of $6.22 billion in revenue for the current quarter. 21 analysts expect Applied Materials Inc. to make $6.46 billion in revenue for the quarter ending Apr 2022.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 28.40%. Applied Materials Inc. earnings are expected to increase by 38.20% in 2021, but the outlook is positive 16.54% per year for the next five years.

AMAT Dividends

Applied Materials Inc.’s next quarterly earnings report is expected to be released around February 16 and February 21. The annual dividend yield of the stock is 0.64 percent and its annual dividend per share was 0.96. It is important to note, however, that the 0.64% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.

Applied Materials Inc. (NASDAQ:AMAT)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 0.27% of Applied Materials Inc. shares, and 79.93% of them are in the hands of institutional investors. The stock currently has a share float of 80.14%. Applied Materials Inc. stock is held by 2,243 institutions, with Blackrock Inc. being the largest institutional investor. By Sep 29, 2021, it held 8.29% of the shares, which is about 74.89 million shares worth $9.64 billion.

Vanguard Group, Inc. (The), with 8.11% or 73.23 million shares worth $9.43 billion as of Sep 29, 2021, holds the second largest percentage of outstanding shares.

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Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Jun 29, 2021. The former held 25.92 million shares worth $3.69 billion, making up 2.87% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 19.06 million shares worth around $2.71 billion, which represents about 2.11% of the total shares outstanding.

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