Applied Materials Inc. [NASDAQ: AMAT] traded at a high on 07/19/21, posting a 0.34 gain after which it closed the day’ session at $128.62. The company report on June 16, 2021 that Applied Materials Breakthrough in Chip Wiring Enables Logic Scaling to 3nm and Beyond.
Integrating seven process technologies in one system under vacuum cuts interconnect resistance in half.
New materials engineering approaches increase chip performance and reduce power consumption.
The results of the trading session contributed to over 8784818 shares changing hands. Over the past one week, the price volatility of Applied Materials Inc. stands at 3.47% while the volatility over the past one month is 2.83%.
The market cap for AMAT stock reached $122.16 billion, with 918.00 million shares outstanding and 906.98 million shares in the current float. Compared to the average trading volume of 8.58M shares, AMAT reached a trading volume of 8784818 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 $161.21 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.
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 3.99, with the Price to Sales ratio for AMAT stock in the period of the last 12 months amounting to 6.16. The Price to Book ratio for the last quarter was 9.85, with the Price to Cash per share for the same quarter was set at 7.12. Price to Free Cash Flow for AMAT in the course of the last twelve months was 35.81 with Quick ratio for the last quarter at 2.30.
How has AMAT stock performed recently?
Applied Materials Inc. [AMAT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.98. With this latest performance, AMAT shares dropped by -6.34% in over the last four-week period, additionally plugging by 24.70% over the last 6 months – not to mention a rise of 106.45% 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 38.09, with the RSI for the last a single of trading hit 31.51, and the three-weeks RSI is set at 42.60 for Applied Materials Inc. [AMAT]. The present Moving Average for the last 50 days of trading for this stock 133.81, while it was recorded at 132.39 for the last single week of trading, and 107.63 for the last 200 days.
Applied Materials Inc. [AMAT]: Deeper insight into the fundamentals
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 analysis for Applied Materials Inc. [AMAT]
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%.
Insider trade positions for Applied Materials Inc. [AMAT]
There are presently around $94,108 million, or 82.20% 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 0.40% of the total institutional ownership; VANGUARD GROUP INC, holding 73,334,708 shares of the stock with an approximate value of $9.43 billion in AMAT stocks shares; and STATE STREET CORP, currently with $5.18 billion in AMAT stock with ownership of nearly -4.996% of the company’s market capitalization.
821 institutional holders increased their position in Applied Materials Inc. [NASDAQ:AMAT] by around 71,510,952 shares. Additionally, 641 investors decreased positions by around 72,883,031 shares, while 203 investors held positions by with 587,282,123 shares. The mentioned changes placed institutional holdings at 731,676,106 shares, according to the latest SEC report filing. AMAT stock had 297 new institutional investments in for a total of 21,647,620 shares, while 77 institutional investors sold positions of 6,221,785 shares during the same period.