Applied Materials Inc. (NASDAQ:AMAT) has a beta value of 1.54 and has seen 3.04 million shares traded in the recent trading session. The company, currently valued at $166.92B, closed the recent trade at $202.48 per share which meant it lost -$11.41 on the day or -5.33% during that session. The AMAT stock price is -26.38% off its 52-week high price of $255.89 and 36.19% above the 52-week low of $129.21. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.35 million shares traded. The 3-month trading volume is 6.66 million shares.
The consensus among analysts is that Applied Materials Inc. (AMAT) is Buy stock at the moment, with a recommendation rating of 1.81. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 6 out of 25 have rated it as a Hold, with 19 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 2.19.
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Applied Materials Inc. (NASDAQ:AMAT) trade information
Sporting -5.33% in the red today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the AMAT stock price touched $202.48 or saw a rise of 6.13%. Year-to-date, Applied Materials Inc. shares have moved 24.93%, while the 5-day performance has seen it change 0.80%. Over the past 30 days, the shares of Applied Materials Inc. (NASDAQ:AMAT) have changed 7.94%. Short interest in the company has seen 16.26 million shares shorted with days to cover at 2.38.
Wall Street analysts have a consensus price target for the stock at $224.5, which means that the shares’ value could jump 9.81% from the levels at last check today. The projected low price target is $115.0 while the price target rests at a high of $280.0. In that case, then, we find that the latest price level in today’s session is -38.29% off the targeted high while a plunge would see the stock lose 43.2% 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 lost -3.34% over the past 6 months, with this year growth rate of 5.47%, compared to -8.20% for the industry. Revenue growth from the last financial year stood is estimated to be 2.30%.
24 analysts offering their estimates for the company have set an average revenue estimate of 6.95B for the current quarter. 23 have an estimated revenue figure of 7.21B for the next ending 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 22.34% over the past 5 years. Earnings growth for 2024 is a modest 6.01% while over the next 5 years, the company’s earnings are expected to increase by 9.83%.
AMAT Dividends
Applied Materials Inc. is expected to release its next earnings report on 2024-Nov-14 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.44 at a share yield of 0.71%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 0.94%.
Applied Materials Inc. (NASDAQ:AMAT)’s Major holders
Insiders own 0.30% of the company shares, while shares held by institutions stand at 84.43% with a share float percentage of 84.68%. Investors are also buoyed by the number of investors in a company, with Applied Materials Inc. having a total of 3028.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 79.11 million shares worth more than $18.67 billion. As of 2024-06-30, BLACKROCK INC. held 9.5314% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 76.12 million shares as of 2024-06-30. The firm’s total holdings are worth over $17.96 billion and represent 9.1713% 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 Jun 30, 2024, the former fund manager holds about 3.17% shares in the company for having 26.15 shares of worth $5.23 billion while later fund manager owns 21.33 shares of worth $4.26 billion as of Jun 30, 2024, which makes it owner of about 2.59% of company’s outstanding stock.
