Applied Materials Inc. (NASDAQ: AMAT): Analyst View Points To Future Growth

Applied Materials Inc. (AMAT) concluded trading on Wednesday at a closing price of $164.30, with 5.99 million shares of worth about $984.51 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 7.65% during that period and on Wednesday, January 31 the price saw a loss of about -1.17%. Currently the company’s common shares owned by public are about 833.00M shares, out of which, 828.83M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 44 times over the past 12 months. They bought 499,229 shares in 25 of the transactions. In 19 selling transactions, insiders dumped 331,882 shares.

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However, the stock later moved at a day high price of 166.62, or with a loss of -1.17%. Stock saw a price change of -5.65% in past 5 days and over the past one month there was a price change of 1.38%. Year-to-date (YTD), AMAT shares are showing a performance of 1.38% which increased to 51.85% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $108.61 but also hit the highest price of $178.40 during that period. The average intraday trading volume for Applied Materials Inc. shares is 5.86 million. The stock is currently trading 3.37% above its 20-day simple moving average (SMA20), while that difference is up 5.07% for SMA50 and it goes to 16.13% higher than SMA200.

Applied Materials Inc. (NASDAQ: AMAT) currently have 833.00M outstanding shares and institutions hold larger chunk of about 82.88% of that.

The stock has a current market capitalization of $136.71B and its 3Y-monthly beta is at 1.55. PE ratio of stock for trailing 12 months is 20.25, while it has posted earnings per share of $8.11 in the same period. Its PEG reads 1.35 and has Quick Ratio of 1.82 while making debt-to-equity ratio of 0.37. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AMAT, volatility over the week remained 2.45% while standing at 2.49% over the month.

Analysts are in expectations that Applied Materials Inc. (AMAT) stock would likely to be making an EPS of $Meta Materials Inc. in the current quarter, while forecast for next quarter EPS is $3.82 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $American Tower Corporation (REI which is $American Battery Technology Com at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Mattel, Inc. in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -4.14% while it is estimated to increase by 16.15% in next year. EPS is likely to shrink at an annualized rate of 14.97% for next 5-years, compared to annual growth of 22.34% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Cantor Fitzgerald on January 23, 2024 offering a Neutral rating for the stock and assigned a target price of $180 to it.

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