Applied Materials Inc. [NASDAQ: AMAT] closed the trading session at $138.64 on 06/15/21. The day’s price range saw the stock hit a low of $138.20, while the highest price level was $140.61. The company report on June 11, 2021 that Applied Materials Announces Cash Dividend.
Applied Materials, Inc. announced that its Board of Directors has approved a quarterly cash dividend of $0.24 per share payable on the company’s common stock. The dividend is payable on Sept. 16, 2021 to shareholders of record as of Aug. 26, 2021.
The quarterly cash dividend is a key component of Applied’s capital allocation strategy. In the second quarter of fiscal 2021, Applied announced a 9-percent dividend increase and a new $7.5 billion stock buyback authorization, supplementing the previous authorization which had approximately $525 million remaining at the end of the quarter. In addition, Applied announced a commitment to return between 80 and 100 percent of free cash flow to shareholders.
The stocks have a year to date performance of 60.65 percent and weekly performance of 2.05 percent. The stock has been moved at 57.01 percent over the last six months. The stock has performed 11.06 percent around the most recent 30 days and changed 17.00 percent over the most recent 3-months.
If compared to the average trading volume of 10.29M shares, AMAT reached to a volume of 5888143 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $162.30 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.
Wells Fargo have made an estimate for Applied Materials Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on April 07, 2021. While these analysts kept the previous recommendation, Needham raised their target price from $130 to $153. The new note on the price target was released on April 07, 2021, representing the official price target for Applied Materials Inc. stock. Previously, the target price had yet another raise from $140 to $160, while Cowen kept a Outperform rating on AMAT stock.
The Average True Range (ATR) for Applied Materials Inc. is set at 4.11, with the Price to Sales ratio for AMAT stock in the period of the last 12 months amounting to 6.41. The Price to Book ratio for the last quarter was 10.62, with the Price to Cash per share for the same quarter was set at 7.38. Price to Free Cash Flow for AMAT in the course of the last twelve months was 37.24 with Quick ratio for the last quarter at 2.30.
AMAT stock trade performance evaluation
Applied Materials Inc. [AMAT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.05. With this latest performance, AMAT shares gained by 11.06% in over the last four-week period, additionally plugging by 57.01% over the last 6 months – not to mention a rise of 143.01% 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 57.55, with the RSI for the last a single of trading hit 59.01, and the three-weeks RSI is set at 56.58 for Applied Materials Inc. [AMAT]. The present Moving Average for the last 50 days of trading for this stock 133.23, while it was recorded at 137.26 for the last single week of trading, and 98.74 for the last 200 days.
Applied Materials Inc. [AMAT]: An insightful look at the core 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 3.10.
Earnings per share (EPS) analysis for Applied Materials Inc. [AMAT] stock
With the latest financial reports released by the company, Applied Materials Inc. posted 1.06/share EPS, while the average EPS was predicted by analysts to be reported at 0.95/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 11.60%. 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 24.88%.
Applied Materials Inc. [AMAT]: Insider Ownership positions
There are presently around $101,518 million, or 82.70% of AMAT stock, in the hands of institutional investors. The top three institutional holders of AMAT stocks are: BLACKROCK INC. with ownership of 74,553,896, which is approximately -2.294% of the company’s market cap and around 0.50% of the total institutional ownership; VANGUARD GROUP INC, holding 73,334,708 shares of the stock with an approximate value of $10.17 billion in AMAT stocks shares; and STATE STREET CORP, currently with $5.58 billion in AMAT stock with ownership of nearly -4.996% of the company’s market capitalization.
Positions in Applied Materials Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 823 institutional holders increased their position in Applied Materials Inc. [NASDAQ:AMAT] by around 71,988,178 shares. Additionally, 635 investors decreased positions by around 74,449,067 shares, while 194 investors held positions by with 585,806,728 shares. The mentioned changes placed institutional holdings at 732,243,973 shares, according to the latest SEC report filing. AMAT stock had 301 new institutional investments in for a total of 21,919,957 shares, while 80 institutional investors sold positions of 6,202,515 shares during the same period.