Is Applied Materials Inc. (NASDAQ: AMAT) Stock An Instant Disaster Or An Incredible Opportunity?

In the latest trading session, 2.71 million Applied Materials Inc. (NASDAQ:AMAT) shares changed hands as the company’s beta touched 1.57. With the company’s most recent per share price at $179.01 changed hands at -$6.53 or -3.52% at last look, the market valuation stands at $148.95B. AMAT’s current price is a discount, trading about -5.14% off its 52-week high of $188.21. The share price had its 52-week low at $109.00, which suggests the last value was 39.11% up since then. When we look at Applied Materials Inc.’s average trading volume, we note the 10-day average is 5.95 million shares, with the 3-month average coming to 2.53.

Applied Materials Inc. (NASDAQ:AMAT) trade information

Instantly AMAT was in red as seen in intraday trades today. With action 6.11%, the performance over the past five days has been green. The drop to weekly highs of 188.21 subtracted -3.52% to the stock’s daily price. The company’s shares are showing year-to-date upside of 10.45%, with the 5-day performance at 6.11% in the green. However, in the 30-day time frame, Applied Materials Inc. (NASDAQ:AMAT) is 18.35% up. Looking at the short shares, we see there were 16.78 million shares sold at short interest cover period of 2.58 days.

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Applied Materials Inc. (AMAT) estimates and forecasts

Data shows that the Applied Materials Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 26.16% over the past 6 months, a -5.47% in annual growth rate that is considerably higher than the industry average of -11.80%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Applied Materials Inc. will fall -5.90%, while the growth in revenue is estimated to hit 0.60% for the next quarter. Year-over-year growth is forecast to reach -1.40% down from the last financial year.

Consensus estimates given by 23 financial analysts project the company’s revenue in the current quarter to hit an average of $6.48 billion. 23 analysts are of the opinion that Applied Materials Inc.’s revenue for the quarter ending Apr 2024 will be $6.3 billion.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 22.34%. The 2024 estimates are for Applied Materials Inc. earnings to decrease by -4.14%, but the outlook for the next 5-year period is at 14.97% per year.

AMAT Dividends

Applied Materials Inc. is expected to release its next quarterly earnings report on February 15. The 0.68% annual yield figure for the share gives it an annual dividend of 1.22. It is important to note, however, that the 0.68% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.

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

If we look at who the major shareholders are, we find that insiders hold 0.31% of Applied Materials Inc. shares while 85.44% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 85.70%. There are 85.44% institutions holding the Applied Materials Inc. stock share, with Vanguard Group Inc the top institutional holder. As of Jun 29, 2023, the company held 8.76% of the shares, roughly 73.54 million AMAT shares worth $10.63 billion.

Blackrock Inc. holds the second largest percentage of outstanding shares, with 8.55% or 71.78 million shares worth $10.38 billion as of Jun 29, 2023.

Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 26.36 million shares estimated at $3.81 billion under it, the former controlled 3.14% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.40% of the shares, roughly 20.12 million shares worth around $2.91 billion.

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