Applied Materials Inc. [NASDAQ: AMAT] loss -0.67% or -0.65 points to close at $96.73 with a heavy trading volume of 5921352 shares. The company report on December 20, 2022 that Applied Materials to Extend Global Leadership in Semiconductor Manufacturing Technology.
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Applied to create a next-generation center for foundational semiconductor technology and process equipment R&D in Silicon Valley and expand equipment manufacturing facilities in the United States and Singapore.
It opened the trading session at $99.77, the shares rose to $100.02 and dropped to $96.12, the range by which the price of stock traded the whole day. The daily chart for AMAT points out that the company has recorded 12.48% gains over the past six months. However, it is still -36.01% lower than its most recent low trading price.
If we look at the average trading volume of 8.20M shares, AMAT reached to a volume of 5921352 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $118.25 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 2.10. 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.
Loop Capital have made an estimate for Applied Materials Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 07, 2022. The new note on the price target was released on November 18, 2022, representing the official price target for Applied Materials Inc. stock.
The Average True Range (ATR) for Applied Materials Inc. is set at 3.51, with the Price to Sales ratio for AMAT stock in the period of the last 12 months amounting to 3.16. The Price to Book ratio for the last quarter was 6.76, with the Price to Cash per share for the same quarter was set at 3.07. Price to Free Cash Flow for AMAT in the course of the last twelve months was 21.78 with Quick ratio for the last quarter at 1.40.
Trading performance analysis for AMAT stock
Applied Materials Inc. [AMAT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.50. With this latest performance, AMAT shares dropped by -9.61% in over the last four-week period, additionally plugging by 12.48% over the last 6 months – not to mention a drop of -38.53% 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 41.61, with the RSI for the last a single of trading hit 37.25, and the three-weeks RSI is set at 45.22 for Applied Materials Inc. [AMAT]. The present Moving Average for the last 50 days of trading for this stock 100.30, while it was recorded at 96.16 for the last single week of trading, and 102.36 for the last 200 days.
Applied Materials Inc. [AMAT]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Applied Materials Inc. [AMAT] shares currently have an operating margin of +29.96 and a Gross Margin at +46.30. Applied Materials Inc.’s Net Margin is presently recorded at +25.40.
Return on Equity for this stock inclined to 53.39, with Return on Assets sitting at 24.83.
Applied Materials Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 2.20.
Applied Materials Inc. [AMAT]: An earnings per share (EPS) analysis
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 10.80%.
An analysis of insider ownership at Applied Materials Inc. [AMAT]
There are presently around $63,134 million, or 79.90% of AMAT stock, in the hands of institutional investors. The top three institutional holders of AMAT stocks are: VANGUARD GROUP INC with ownership of 72,990,289, which is approximately -0.798% of the company’s market cap and around 0.32% of the total institutional ownership; BLACKROCK INC., holding 69,390,593 shares of the stock with an approximate value of $6.71 billion in AMAT stocks shares; and STATE STREET CORP, currently with $3.72 billion in AMAT stock with ownership of nearly -1.243% of the company’s market capitalization.
Positions in Applied Materials Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 722 institutional holders increased their position in Applied Materials Inc. [NASDAQ:AMAT] by around 38,093,478 shares. Additionally, 733 investors decreased positions by around 37,373,692 shares, while 239 investors held positions by with 577,211,034 shares. The mentioned changes placed institutional holdings at 652,678,204 shares, according to the latest SEC report filing. AMAT stock had 76 new institutional investments in for a total of 5,148,691 shares, while 142 institutional investors sold positions of 4,882,844 shares during the same period.