Applied Materials Inc (NASDAQ: AMAT) has a higher price-to-earnings ratio of 19.62x compared to its average ratio, The 36-month beta value for AMAT is at 1.54. Analysts have varying views on the stock, with 18 analysts rating it as a “buy,” 5 rating it as “overweight,” 13 as “hold,” and 1 as “sell.”
The public float for AMAT is 819.29M, and currently, shorts hold a 2.04% of that float. The average trading volume for AMAT on November 18, 2024 was 6.48M shares.
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AMAT) stock’s latest price update
The stock of Applied Materials Inc (NASDAQ: AMAT) has decreased by -9.20 when compared to last closing price of 186.00.Despite this, the company has seen a loss of -12.06% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-16 that I reiterate a ‘Buy’ rating on Applied Materials with a one-year target price of $225 per share, driven by strong growth in AI and energy-efficient computing markets. Applied Materials reported 4.8% revenue growth and 7.3% net income growth, with significant advancements in HBM, DRAM, and advanced packaging. The company is expected to double its advanced packaging business in the coming years, bolstered by leadership in micro-bump and through-silicon via technologies.
AMAT’s Market Performance
AMAT’s stock has fallen by -12.06% in the past week, with a monthly drop of -7.84% and a quarterly drop of -19.94%. The volatility ratio for the week is 2.70% while the volatility levels for the last 30 days are 2.22% for Applied Materials Inc The simple moving average for the last 20 days is -8.74% for AMAT’s stock, with a simple moving average of -17.23% for the last 200 days.
Analysts’ Opinion of AMAT
Many brokerage firms have already submitted their reports for AMAT stocks, with TD Cowen repeating the rating for AMAT by listing it as a “Buy.” The predicted price for AMAT in the upcoming period, according to TD Cowen is $230 based on the research report published on November 15, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see AMAT reach a price target of $225, previously predicting the price at $165. The rating they have provided for AMAT stocks is “Equal Weight” according to the report published on June 05th, 2024.
TD Cowen gave a rating of “Buy” to AMAT, setting the target price at $250 in the report published on May 17th of the current year.
AMAT Trading at -11.53% 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 -34.00% of loss for the given period.
Volatility was left at 2.22%, however, over the last 30 days, the volatility rate increased by 2.70%, as shares sank -9.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.36% lower at present.
During the last 5 trading sessions, AMAT fell by -12.06%, which changed the moving average for the period of 200-days by +1.14% in comparison to the 20-day moving average, which settled at $185.05. In addition, Applied Materials Inc saw 4.20% 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.
Raja Prabu G., the President, Semi. Products Grp. of Applied Materials Inc, sale 50,000 shares at $249.17 during a trade that took place back on Jun 18 ’24, which means that Raja Prabu G. is holding 458,417 shares at $12,458,500 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 0.26. The total capital return value is set at 0.3. Equity return is now at value 40.61, with 22.04 for asset returns.
Based on Applied Materials Inc (AMAT), the company’s capital structure generated 0.25 points at debt to capital in total, while cash flow to debt ratio is standing at 1.22. The debt to equity ratio resting at 0.33. The interest coverage ratio of the stock is 31.85.
Currently, EBITDA for the company is 7.87 billion with net debt to EBITDA at -0.22. When we switch over and look at the enterprise to sales, we see a ratio of 5.06. The receivables turnover for the company is 5.19for trailing twelve months and the total asset turnover is 0.79. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.51.
Conclusion
In conclusion, Applied Materials Inc (AMAT) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
