Applied Materials Inc. (NASDAQ:AMAT) has a beta value of 1.58 and has seen 1.05 million shares traded in the recent trading session. The company, currently valued at $92.34B, closed the recent trade at $109.62 per share which meant it lost -$3.37 on the day or -2.98% during that session. The AMAT stock price is -32.42% off its 52-week high price of $145.16 and 35.12% above the 52-week low of $71.12. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.29 million shares traded. The 3-month trading volume is 6.89 million shares.
The consensus among analysts is that Applied Materials Inc. (AMAT) is an Overweight stock at the moment, with a recommendation rating of 2.10. 1 analysts rate the stock as a Sell, while 3 rate it as Overweight. 8 out of 32 have rated it as a Hold, with 20 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $1.93.
Applied Materials Inc. (NASDAQ:AMAT) trade information
Sporting -2.98% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, 01/24/23 when the AMAT stock price touched $109.62 or saw a rise of 4.6%. Year-to-date, Applied Materials Inc. shares have moved 16.03%, while the 5-day performance has seen it change 3.27%. Over the past 30 days, the shares of Applied Materials Inc. (NASDAQ:AMAT) have changed 6.69%. Short interest in the company has seen 11.52 million shares shorted with days to cover at 1.82.
Wall Street analysts have a consensus price target for the stock at $121.54, which means that the shares’ value could jump 9.81% from the levels at last check today. The projected low price target is $88.00 while the price target rests at a high of $140.00. In that case, then, we find that the latest price level in today’s session is -27.71% off the targeted high while a plunge would see the stock lose 19.72% from the levels at last check today.
Applied Materials Inc. (AMAT) estimates and forecasts
Figures show that Applied Materials Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained 11.87% over the past 6 months, with this year growth rate of -12.60%, compared to 3.50% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are 2.10% and -3.20% for the next quarter. Revenue growth from the last financial year stood is estimated to be -6.30%.
21 analysts offering their estimates for the company have set an average revenue estimate of $6.69 billion for the current quarter. 21 have an estimated revenue figure of $6.39 billion for the next quarter concluding in Apr 2023. Year-ago sales stood $6.27 billion and $6.25 billion respectively for this quarter and the next, and analysts expect sales will grow by 6.60% for the current quarter and 2.20% for the next.
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 18.00% over the past 5 years. Earnings growth for 2023 is a modest 16.10% while over the next 5 years, the company’s earnings are expected to increase by 10.80%.
Applied Materials Inc. is expected to release its next earnings report on January 29 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.04 at a share yield of 0.92%. The company’s dividend yield has gone up over the past 12 months.
Applied Materials Inc. (NASDAQ:AMAT)’s Major holders
Insiders own 0.33% of the company shares, while shares held by institutions stand at 82.73% with a share float percentage of 83.00%. Investors are also buoyed by the number of investors in a company, with Applied Materials Inc. having a total of 2,240 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 72.99 million shares worth more than $8.04 billion. As of Sep 29, 2022, Vanguard Group, Inc. (The) held 8.65% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 69.39 million shares as of Sep 29, 2022. The firm’s total holdings are worth over $7.64 billion and represent 8.22% 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 Sep 29, 2022, the former fund manager holds about 3.04% shares in the company for having 25.64 million shares of worth $2.82 billion while later fund manager owns 19.72 million shares of worth $2.17 billion as of Sep 29, 2022, which makes it owner of about 2.34% of company’s outstanding stock.