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Applied Materials Inc. (NASDAQ:AMAT) At $180.45: What To Do?

In recent trading session, Applied Materials Inc. (NASDAQ:AMAT) saw 2.43 million shares changing hands at last check today with its beta currently measuring 1.56. Company’s recent per share price level of $180.45 trading at $6.56 or 3.77% at last check today assigns it a market valuation of $150.15B. That most recent trading price of AMAT’s stock is at a premium of 1.14% from its 52-week high price of $178.40 and is indicating a premium of 39.6% from its 52-week low price of $109.00. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 5.49 million shares which gives us an average trading volume of 5.90 million if we extend that period to 3-months.

Applied Materials Inc. (NASDAQ:AMAT) trade information

Upright in the green today for gaining 3.77%, in the last five days AMAT remained trading in the green while hitting it’s week-highest on Friday, 02/09/24 when the stock touched $180.45 price level, adding 0.79% to its value on the day. Applied Materials Inc.’s shares saw a change of 11.34% in year-to-date performance and have moved 7.30% in past 5-day. Applied Materials Inc. (NASDAQ:AMAT) showed a performance of 20.45% in past 30-days. Number of shares sold short was 21.69 million shares which calculate 4.16 days to cover the short interests.

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Applied Materials Inc. (AMAT) estimates and forecasts

Statistics highlight that Applied Materials Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company added 24.78% of value to its shares in past 6 months, showing an annual growth rate of -5.47% while that of industry is -5.30. Apart from that, the company came lowering its revenue forecast for fiscal year 2024.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 22.34% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -4.14% while estimates for its earnings growth in next 5 years are of 14.97%.

AMAT Dividends

Applied Materials Inc. is more likely to be releasing its next quarterly report on February 15 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

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

Insiders are in possession of 0.31% of company’s total shares while institution are holding 85.17 percent of that, with stock having share float percentage of 85.43%. Investors also watch the number of corporate investors in a company very closely, which is 85.17% institutions for Applied Materials Inc. that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at AMAT for having 73.54 million shares of worth $10.63 billion. And as of Jun 29, 2023, it was holding 8.76% of the company’s outstanding shares.

The second largest institutional holder is Blackrock Inc., which was holding about 71.78 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 8.55% of outstanding shares, having a total worth of $10.38 billion.

On the other hand, Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 26.36 million shares of worth $3.81 billion or 3.14% of the total outstanding shares. The later fund manager was in possession of 20.12 million shares on Jun 29, 2023, making its stake of worth around $2.91 billion in the company or a holder of 2.40% of company’s stock.

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