Applied Materials Inc. [NASDAQ: AMAT] plunged by -$1.41 during the normal trading session on Tuesday and reaching a high of $106.5399 during the day while it closed the day at $104.99. The company report on July 28, 2022 that CECP Company Spotlight: Making New Strides in Societal & Community Investment with Applied Materials, Ecolab, & Travelers.
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Northampton, MA –News Direct– Applied Materials.
Societal and community investments provide individuals and organizations with tools and skills to improve the quality of life for themselves, their families, and their communities. For many people in underserved communities, certain initiatives are also pathways to homeownership, job creation, and small business development. This may include organizations working with low-income communities to create school to career pathways by helping students develop certain in-demand industry or technology skills. Companies can also positively make an impact through product donations, cash grants, and employee volunteerism.
Applied Materials Inc. stock has also gained 6.15% of its value over the past 7 days. However, AMAT stock has declined by -7.06% in the 3 months of the year. Over the past six months meanwhile, it has lost -24.02% and lost -33.28% year-on date.
The market cap for AMAT stock reached $89.16 billion, with 878.00 million shares outstanding and 868.02 million shares in the current float. Compared to the average trading volume of 7.71M shares, AMAT reached a trading volume of 4110021 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 $137.31 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.
UBS have made an estimate for Applied Materials Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 17, 2022. While these analysts kept the previous recommendation, Piper Sandler dropped their target price from $158 to $153. The new note on the price target was released on February 17, 2022, representing the official price target for Applied Materials Inc. stock. Previously, the target price had yet another raise from $166 to $172, while Needham kept a Buy rating on AMAT stock. On February 17, 2022, analysts increased their price target for AMAT shares from 178 to 180.
The Average True Range (ATR) for Applied Materials Inc. is set at 3.77, with the Price to Sales ratio for AMAT stock in the period of the last 12 months amounting to 3.59. The Price to Book ratio for the last quarter was 7.96, with the Price to Cash per share for the same quarter was set at 4.62. Price to Free Cash Flow for AMAT in the course of the last twelve months was 20.50 with Quick ratio for the last quarter at 1.50.
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 6.15. With this latest performance, AMAT shares gained by 21.70% in over the last four-week period, additionally sinking by -24.02% over the last 6 months – not to mention a drop of -26.07% 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 59.76, with the RSI for the last a single of trading hit 64.38, and the three-weeks RSI is set at 55.38 for Applied Materials Inc. [AMAT]. The present Moving Average for the last 50 days of trading for this stock 100.52, while it was recorded at 105.20 for the last single week of trading, and 127.24 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 +31.22 and a Gross Margin at +47.23. Applied Materials Inc.’s Net Margin is presently recorded at +25.53.
Return on Total Capital for AMAT is now 41.99, given the latest momentum, and Return on Invested Capital for the company is 34.72. Return on Equity for this stock inclined to 51.59, with Return on Assets sitting at 24.44. When it comes to the capital structure of this company, Applied Materials Inc. [AMAT] has a Total Debt to Total Equity ratio set at 44.52. Additionally, AMAT Total Debt to Total Capital is recorded at 30.80, with Total Debt to Total Assets ending up at 22.28. Long-Term Debt to Equity for the company is recorded at 44.52, with the Long-Term Debt to Total Capital now at 30.80.
Receivables Turnover for the company is 5.72 with a Total Asset Turnover recorded at a value of 0.96.Applied Materials Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 2.30.
Earnings per share (EPS) analysis for Applied Materials Inc. [AMAT] stock
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 13.77%.
Applied Materials Inc. [AMAT]: Insider Ownership positions
There are presently around $70,474 million, or 80.20% of AMAT stock, in the hands of institutional investors. The top three institutional holders of AMAT stocks are: VANGUARD GROUP INC with ownership of 72,893,477, which is approximately -0.336% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 71,465,562 shares of the stock with an approximate value of $7.5 billion in AMAT stocks shares; and STATE STREET CORP, currently with $4.22 billion in AMAT stock with ownership of nearly 0.482% of the company’s market capitalization.
Positions in Applied Materials Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 791 institutional holders increased their position in Applied Materials Inc. [NASDAQ:AMAT] by around 30,857,009 shares. Additionally, 845 investors decreased positions by around 60,282,972 shares, while 267 investors held positions by with 580,107,280 shares. The mentioned changes placed institutional holdings at 671,247,261 shares, according to the latest SEC report filing. AMAT stock had 123 new institutional investments in for a total of 5,240,193 shares, while 201 institutional investors sold positions of 10,604,002 shares during the same period.