The Applied Materials Inc. (NASDAQ:AMAT) is going up by 1.67% in today’s trading session, a rise equivalent to 0.86% of the stock’s price from yesterday’s market close. A news came out on 10/12/19 stating that Semiconductor stocks are poised to benefit as industry sales growth resumes in 2020 by MARKETWATCH. The lowest point that the shares touched during the trading session was $51.04, while the peak of the day was recorded at a share price of $52.41. AMAT finished the previous session at $51.68 according to the data provided by Barchart, while the trading volume was observed to be $2878305.
In the 100 days of trading, AMAT managed to top a 47.37% Moving average. Additionally, Applied Materials Inc. shares have achieved a 52-week range between 28.79 and 53.25 alongside 100 days raw stochastic set at 94.06%.
The number of shares outstanding, according to the fundamentals of the company, is set at 931.98M, equal to the value of $48.16B in market capitalization. In the last 30 days, Applied Materials Inc. shares went down by -1.45%, adding 53.25 to growth in value, on top of a +7.58% boost since 09/20/19.
Applied Materials Inc. (NASDAQ:AMAT) Analyst’s Estimates
Applied Materials Inc. (AMAT) could record at least $0.76 per share in quarterly earnings in the upcoming report on 11/14/2019, a number that would actually represent an increase of 3.35 YOY.
According to the average analyst rating, Applied Materials Inc. would be rated as Overweight. Out of 25 different analysts monitoring AMAT stock, 17 analysts rate the stock as a BUY, 8 suggest to give the rating of HOLD, 0 indicate that AMAT is an OVERWEIGHT, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
On August 16, 2019, the stock earned a Reiterated rating due to a new analyst call from Cowen, while analysts from Craig Hallum believe that the stock is set at Hold from Buy, as concluded on August 16, 2019. Goldman, is still rather wary about the stock, deciding to keep the rating at Buy as confirmed through a call on July 22, 2019.
Regardless of the rating, DA Davidson did decrease their price from $55 to $45 as they are considering target share price analysis. Wells Fargo, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on June 20, 2019, giving the stock a Outperform rating.
AMAT Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +45.06% has been attained, while the operating margin has been recorded at +27.72%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 17.81%. Beta value of the stock is recorded at 1.65. Additionally, Applied Materials Inc. is recording price volatility of 2.26% for the period of the last seven days and 2.25% in the last 30 days.
Applied Materials Inc. (NASDAQ:AMAT) Technical Outlook
For the period of the last 50 days, Applied Materials Inc. had its Raw Stochastic average set at 91.04% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 82.71%. Stochastic %K for Applied Materials Inc., with the last 20 days included, was set at 74.25%, having Stochastic %D topping 73.36%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be encouraging for Applied Materials Inc. stocks with recording 57.85% in metrics.
Applied Materials Inc. Insider Watch:
Similarly, 81.74% of the company’s float is held by institutions – and there are 1,358 institutions in total holding shares of this company. The top three institutional holders of AMAT stocks are: Vanguard Group, Inc. (The) with ownership of $3.29 billion, which is approximately 73187071 of the company’s shares; Blackrock Inc., holding 62584258 shares of the stock with an approximate value of $2.81 billion; and State Street Corporation, currently with more than 46260953 shares of the company valued at $2.08 billion. Positions in Applied Materials Inc. stocks held by institutional investors has been changing actively in the past six months, a period during which there were 3 insider purchases amounting to 8838 shares. Similarly, there were 3 sale transactions amounting to 53945 shares, with the net shares purchased during the last six months reaching -45,107.