Applied Materials Inc. (NASDAQ:AMAT) has a beta value of 1.54 and has seen 16.54 million shares traded in the last trading session. The company, currently valued at $157.48B, closed the last trade at $191.02 per share which meant it lost -$22.87 on the day or -10.69% during that session. The AMAT stock price is -33.96% off its 52-week high price of $255.89 and 32.36% 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 5.32 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 -10.69% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the AMAT stock price touched $191.02 or saw a rise of 11.44%. Year-to-date, Applied Materials Inc. shares have moved 17.86%, while the 5-day performance has seen it change -4.91%. Over the past 30 days, the shares of Applied Materials Inc. (NASDAQ:AMAT) have changed 1.83%. 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 14.91% from current levels. 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 current price level is -46.58% off the targeted high while a plunge would see the stock lose 39.8% from current levels.
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 -8.81% 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 in November 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 0.75%. 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.
