In the latest trading session, 0.94 million Applied Materials Inc. (NASDAQ:AMAT) shares changed hands as the company’s beta touched 1.53. With the company’s most recent per share price at $183.85 changed hands at -$0.61 or -0.33% at last look, the market valuation stands at $151.57B. AMAT’s current price is a discount, trading about -39.18% off its 52-week high of $255.89. The share price had its 52-week low at $129.21, which suggests the last value was 29.72% up since then. When we look at Applied Materials Inc.’s average trading volume, we note the 10-day average is 6.74 million shares, with the 3-month average coming to 6.90 million.
Analysts gave the Applied Materials Inc. (AMAT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.81. If we narrow down to specifics, the data shows that 0 out of 25 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 6 recommended AMAT as a Hold, 19 felt it is a Buy and 0 rated the stock as Underweight. Applied Materials Inc.’s EPS for the current quarter is expected to be 2.19.
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Applied Materials Inc. (NASDAQ:AMAT) trade information
Instantly AMAT was in red as seen in intraday trades today. With action -3.75%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 13.44%, with the 5-day performance at -3.75% in the red. However, in the 30-day time frame, Applied Materials Inc. (NASDAQ:AMAT) is -5.25% down. Looking at the short shares, we see there were 16.26 million shares sold at short interest cover period of 2.38 days.
The consensus price target for the stock as assigned by Wall Street analysts is 224.5, meaning bulls need an upside of 18.11% from its recent market value. According to analyst projections, AMAT’s forecast low is 115 with 280 as the target high. To hit the forecast high, the stock’s price needs a -52.3% plunge from its current level, while the stock would need to tank 37.45% for it to hit the projected low.
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 -4.86% over the past 6 months, a 5.71% in annual growth rate that is considerably higher than the industry average of -8.00%. Year-over-year growth is forecast to reach 2.30% up from the last financial year.
Consensus estimates given by 24 financial analysts project the company’s revenue in the current quarter to hit an average of 6.95B. 23 analysts are of the opinion that Applied Materials Inc.’s revenue for the current quarter will be 7.22B. The company’s revenue for the corresponding quarters a year ago was 6.72B. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 3.40%.
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 increase by 6.01%, but the outlook for the next 5-year period is at 9.08% per year.
AMAT Dividends
Applied Materials Inc. is expected to release its next quarterly earnings report on 2024-Nov-14. The 0.78% annual yield figure for the share gives it an annual dividend of 1.44. It is important to note, however, that the 0.78% 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. During the past 5 years, the average dividend yield was 0.94 per year.
Applied Materials Inc. (NASDAQ:AMAT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.30% of Applied Materials Inc. shares while 84.36% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 84.61%. There are 84.36% institutions holding the Applied Materials Inc. stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 9.5314% of the shares, roughly 79.11 million AMAT shares worth $18.67 billion.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 9.1713% or 76.12 million shares worth $17.96 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 26.15 shares estimated at $4.82 billion under it, the former controlled 3.17% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.59% of the shares, roughly 21.33 shares worth around $3.93 billion.
