Applied Materials Inc. (NASDAQ: AMAT) has a price-to-earnings ratio that is above its average at 21.10x. The stock has a 36-month beta value of 1.56. Opinions on the stock are mixed, with 15 analysts rating it as a “buy,” 5 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for AMAT is 825.22M, and at present, short sellers hold a 1.91% of that float. On August 02, 2024, the average trading volume of AMAT was 5.56M shares.
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AMAT) stock’s latest price update
Applied Materials Inc. (NASDAQ: AMAT)’s stock price has plunge by -6.45relation to previous closing price of 196.30. Nevertheless, the company has seen a -11.06% plunge in its stock price over the last five trading sessions. Forbes reported 2024-08-02 that Applied Materials stock has had a solid year thus far, rising by about 31% year-to-date. In comparison, Applied’s semiconductor industry peer Texas Instruments stock has gained about 21% over the same period.
AMAT’s Market Performance
Applied Materials Inc. (AMAT) has seen a -11.06% fall in stock performance for the week, with a -24.53% decline in the past month and a -7.22% plunge in the past quarter. The volatility ratio for the week is 5.27%, and the volatility levels for the past 30 days are at 3.85% for AMAT. The simple moving average for the past 20 days is -18.18% for AMAT’s stock, with a -2.78% simple moving average for the past 200 days.
Analysts’ Opinion of AMAT
Many brokerage firms have already submitted their reports for AMAT stocks, with Barclays repeating the rating for AMAT by listing it as a “Equal Weight.” The predicted price for AMAT in the upcoming period, according to Barclays is $225 based on the research report published on June 05, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see AMAT reach a price target of $250, previously predicting the price at $245. The rating they have provided for AMAT stocks is “Buy” according to the report published on May 17th, 2024.
Jefferies gave a rating of “Hold” to AMAT, setting the target price at $210 in the report published on May 13th of the current year.
AMAT Trading at -19.13% from the 50-Day Moving Average
After a stumble in the market that brought AMAT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -28.24% of loss for the given period.
Volatility was left at 3.85%, however, over the last 30 days, the volatility rate increased by 5.27%, as shares sank -24.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.66% lower at present.
During the last 5 trading sessions, AMAT fell by -11.28%, which changed the moving average for the period of 200-days by +29.92% in comparison to the 20-day moving average, which settled at $221.46. In addition, Applied Materials Inc. saw 13.30% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AMAT starting from Iannotti Thomas J, who sale 9,827 shares at the price of $236.65 back on Jun 21 ’24. After this action, Iannotti Thomas J now owns 49,185 shares of Applied Materials Inc., valued at $2,325,560 using the latest closing price.
DICKERSON GARY E, the President and CEO of Applied Materials Inc., sale 400,000 shares at $246.45 during a trade that took place back on Jun 18 ’24, which means that DICKERSON GARY E is holding 1,542,269 shares at $98,579,111 based on the most recent closing price.
Stock Fundamentals for AMAT
Current profitability levels for the company are sitting at:
- 0.29 for the present operating margin
- 0.47 for the gross margin
The net margin for Applied Materials Inc. stands at 0.28. The total capital return value is set at 0.31. Equity return is now at value 45.19, with 23.93 for asset returns.
Based on Applied Materials Inc. (AMAT), the company’s capital structure generated 0.23 points at debt to capital in total, while cash flow to debt ratio is standing at 1.41. The debt to equity ratio resting at 0.31. The interest coverage ratio of the stock is 32.42.
Currently, EBITDA for the company is 8.47 billion with net debt to EBITDA at -0.18. When we switch over and look at the enterprise to sales, we see a ratio of 5.68. The receivables turnover for the company is 5.55for trailing twelve months and the total asset turnover is 0.83. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.80.
Conclusion
To sum up, Applied Materials Inc. (AMAT) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
