Applied Materials Inc. [NASDAQ: AMAT] loss -0.55% or -1.16 points to close at $209.25 with a heavy trading volume of 4531556 shares. The company report on March 28, 2024 at 11:10 AM that Applied Materials Earns Intel’s 2024 EPIC Distinguished Supplier Award.
Applied is one of only 27 Distinguished Award recipients across Intel’s global supply chain.
The daily chart for AMAT points out that the company has recorded 49.30% gains over the past six months.
If we look at the average trading volume of 6.31M shares, AMAT reached to a volume of 4531556 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 $221.95 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 1.79. 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.
Cantor Fitzgerald have made an estimate for Applied Materials Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on April 08, 2024. While these analysts kept the previous recommendation, TD Cowen raised their target price from $185 to $245. The new note on the price target was released on February 16, 2024, representing the official price target for Applied Materials Inc. stock. Previously, the target price had yet another raise to $180, while Cantor Fitzgerald analysts kept a Neutral rating on AMAT stock. On December 12, 2023, analysts increased their price target for AMAT shares from 165 to 185.
The Average True Range (ATR) for Applied Materials Inc. is set at 5.67, with the Price to Sales ratio for AMAT stock in the period of the last 12 months amounting to 6.58. The Price to Book ratio for the last quarter was 9.98, with the Price to Cash per share for the same quarter was set at 9.02. Price to Free Cash Flow for AMAT in the course of the last twelve months was 22.56 with Quick ratio for the last quarter at 1.91.
Trading performance analysis for AMAT stock
Applied Materials Inc. [AMAT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.90. With this latest performance, AMAT shares gained by 3.91% in over the last four-week period, additionally plugging by 49.30% over the last 6 months – not to mention a rise of 79.61% 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 57.49, with the RSI for the last a single of trading hit 56.74, and the three-weeks RSI is set at 58.51 for Applied Materials Inc. [AMAT]. The present Moving Average for the last 50 days of trading for this stock 196.81, while it was recorded at 207.99 for the last single week of trading, and 159.31 for the last 200 days.
Applied Materials Inc. [AMAT]: A deeper dive into fundamental analysis
Applied Materials Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.91 and a Current Ratio set at 2.71.
Applied Materials Inc. [AMAT]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Applied Materials Inc. posted 1.78/share EPS, while the average EPS was predicted by analysts to be reported at 1.64/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 8.50%. 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 14.97%.
An analysis of Institutional ownership at Applied Materials Inc. [AMAT]
The top three institutional holders of AMAT stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in AMAT stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in AMAT stock with ownership which is approximately 5.8386%.
