Applied Materials Inc. [NASDAQ: AMAT] stock went on an upward path that rose over 8.08% on Tuesday, amounting to a one-week price decrease of less than -2.79%. The company report on February 19, 2021 that Applied Materials Announces First Quarter 2021 Results.
Record quarterly revenue of $5.16 billion, up 24 percent year over year.
Quarterly GAAP EPS of $1.22 and record non-GAAP EPS of $1.39, up 27 percent and 42 percent year over year, respectively.
Over the last 12 months, AMAT stock rose by 119.36%. The one-year Applied Materials Inc. stock forecast points to a potential upside of 14.6. The average equity rating for AMAT stock is currently 2.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $100.00 billion, with 915.00 million shares outstanding and 911.33 million shares in the current float. Compared to the average trading volume of 7.84M shares, AMAT stock reached a trading volume of 12010800 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Applied Materials Inc. [AMAT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AMAT shares is $133.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AMAT stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Cowen have made an estimate for Applied Materials Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on February 19, 2021. The new note on the price target was released on January 26, 2021, representing the official price target for Applied Materials Inc. stock. Previously, the target price had yet another raise from $82 to $110, while Needham kept a Buy rating on AMAT stock. On August 14, 2020, analysts increased their price target for AMAT shares from 78 to 82.
The Average True Range (ATR) for Applied Materials Inc. is set at 6.47, with the Price to Sales ratio for AMAT stock in the period of the last 12 months amounting to 5.49. The Price to Book ratio for the last quarter was 9.11, with the Price to Cash per share for the same quarter was set at 7.56. Price to Free Cash Flow for AMAT in the course of the last twelve months was 33.32 with Quick ratio for the last quarter at 2.30.
AMAT Stock Performance Analysis:
Applied Materials Inc. [AMAT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.79. With this latest performance, AMAT shares gained by 13.41% in over the last four-week period, additionally plugging by 87.37% over the last 6 months – not to mention a rise of 119.36% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AMAT stock in for the last two-week period is set at 52.70, with the RSI for the last a single of trading hit 51.45, and the three-weeks RSI is set at 54.06 for Applied Materials Inc. [AMAT]. The present Moving Average for the last 50 days of trading for this stock 104.75, while it was recorded at 111.41 for the last single week of trading, and 75.33 for the last 200 days.
Insight into Applied Materials Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Applied Materials Inc. [AMAT] shares currently have an operating margin of +25.32 and a Gross Margin at +44.58. Applied Materials Inc.’s Net Margin is presently recorded at +21.04.
Return on Total Capital for AMAT is now 29.22, given the latest momentum, and Return on Invested Capital for the company is 24.83. Return on Equity for this stock inclined to 38.52, with Return on Assets sitting at 17.49. When it comes to the capital structure of this company, Applied Materials Inc. [AMAT] has a Total Debt to Total Equity ratio set at 53.95. Additionally, AMAT Total Debt to Total Capital is recorded at 35.04, with Total Debt to Total Assets ending up at 25.53. Long-Term Debt to Equity for the company is recorded at 53.35, with the Long-Term Debt to Total Capital now at 34.65.
Reflecting on the efficiency of the workforce at the company, Applied Materials Inc. [AMAT] managed to generate an average of $150,792 per employee. Receivables Turnover for the company is 5.98 with a Total Asset Turnover recorded at a value of 0.83.Applied Materials Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.30 and a Current Ratio set at 3.20.
AMAT Stock EPS
With the latest financial reports released by the company, Applied Materials Inc. posted 0.89/share EPS, while the average EPS was predicted by analysts to be reported at 0.94/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -5.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AMAT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Applied Materials Inc. go to 19.80%.
Applied Materials Inc. [AMAT] Insider Position Details
There are presently around $83,965 million, or 82.80% of AMAT stock, in the hands of institutional investors. The top three institutional holders of AMAT stocks are: BLACKROCK INC. with ownership of 76,304,024, which is approximately -2.354% of the company’s market cap and around 0.50% of the total institutional ownership; VANGUARD GROUP INC, holding 72,982,078 shares of the stock with an approximate value of $8.34 billion in AMAT stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $5.27 billion in AMAT stock with ownership of nearly -0.874% of the company’s market capitalization.
Positions in Applied Materials Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 698 institutional holders increased their position in Applied Materials Inc. [NASDAQ:AMAT] by around 54,355,690 shares. Additionally, 555 investors decreased positions by around 53,928,143 shares, while 177 investors held positions by with 626,829,056 shares. The mentioned changes placed institutional holdings at 735,112,889 shares, according to the latest SEC report filing. AMAT stock had 240 new institutional investments in for a total of 10,354,295 shares, while 70 institutional investors sold positions of 8,462,737 shares during the same period.