Wall Street Analyst Initiated Applied Materials Inc. [AMAT]. What else is Wall St. saying

Applied Materials Inc. [NASDAQ: AMAT] jumped around 1.53 points on Monday, while shares priced at $143.05 at the close of the session, up 1.08%. The company report on April 5, 2021 that Applied Materials AI(x) Platform Harnesses the Power of Big Data and AI to Accelerate Semiconductor Technology Breakthroughs from Lab to Fab.

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Applied Materials, Inc. announced AIx TM, an innovative platform that accelerates the discovery, development and commercial deployment of new chip technologies.

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AIx, which stands for Actionable Insight Accelerator, enables engineers to see into semiconductor processes in real-time, take millions of measurements across wafers and individual chips, and optimize thousands of process variables to improve semiconductor performance, power, area-cost and time to market (PPACt). The AIx platform works across all Applied Materials process equipment, eBeam metrology systems and inspection systems and is extendable from lab to fab. By providing engineers with the ability to fingerprint innovative recipes during R&D, AIx accelerates their transfer and ramp into high-volume manufacturing (HVM). AIx is already in use, improving the PPACt of both logic and memory chips.

Applied Materials Inc. stock is now 65.76% up from its year-to-date (YTD) trading value. AMAT Stock saw the intraday high of $146.00 and lowest of $141.74 per share. The company’s 52-week high price is 142.36, which means current price is +66.05% above from all time high which was touched on 04/05/21.

Compared to the average trading volume of 9.35M shares, AMAT reached a trading volume of 14284321 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about 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 $136.54 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 1.90. 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.

Bernstein have made an estimate for Applied Materials Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on March 31, 2021. While these analysts kept the previous recommendation, Cowen raised their target price from $120 to $140. The new note on the price target was released on February 19, 2021, representing the official price target for Applied Materials Inc. stock. On December 30, 2020, analysts increased their price target for AMAT shares from 82 to 110.

The Average True Range (ATR) for Applied Materials Inc. is set at 6.46, with the Price to Sales ratio for AMAT stock in the period of the last 12 months amounting to 6.81. The Price to Book ratio for the last quarter was 11.41, with the Price to Cash per share for the same quarter was set at 7.65. Price to Free Cash Flow for AMAT in the course of the last twelve months was 41.29 with Quick ratio for the last quarter at 2.30.

How has AMAT stock performed recently?

Applied Materials Inc. [AMAT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 11.20. With this latest performance, AMAT shares gained by 32.16% in over the last four-week period, additionally plugging by 135.86% over the last 6 months – not to mention a rise of 230.83% 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 70.50, with the RSI for the last a single of trading hit 76.61, and the three-weeks RSI is set at 67.10 for Applied Materials Inc. [AMAT]. The present Moving Average for the last 50 days of trading for this stock 114.49, while it was recorded at 134.13 for the last single week of trading, and 81.19 for the last 200 days.

Applied Materials Inc. [AMAT]: Deeper insight into the 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.

Earnings analysis for Applied Materials Inc. [AMAT]

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 21.28%.

Insider trade positions for Applied Materials Inc. [AMAT]

There are presently around $105,072 million, or 83.10% 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 0.60% of the total institutional ownership; VANGUARD GROUP INC, holding 72,982,078 shares of the stock with an approximate value of $10.44 billion in AMAT stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $6.6 billion in AMAT stock with ownership of nearly -0.874% of the company’s market capitalization.

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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 696 institutional holders increased their position in Applied Materials Inc. [NASDAQ:AMAT] by around 54,410,386 shares. Additionally, 552 investors decreased positions by around 53,103,262 shares, while 174 investors held positions by with 627,001,506 shares. The mentioned changes placed institutional holdings at 734,515,154 shares, according to the latest SEC report filing. AMAT stock had 245 new institutional investments in for a total of 10,507,252 shares, while 68 institutional investors sold positions of 7,693,232 shares during the same period.

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