Look At Analyst Expectations For A Better Read On Applied Materials Inc. (NASDAQ: AMAT)

Currently, there are 833.00M common shares owned by the public and among those 828.82M shares have been available to trade.

Insiders at the company have transacted a total of 44 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 25 of these insider trades were purchases, accounting for 499,229 shares. Insider sales of the common stock occurred on 19 occasions, with total insider shares sold totaling 331,882 shares.

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However, the script later moved the day high at 206.77, up 6.35%. The company’s stock has a 5-day price change of 7.39% and 28.45% over the past three months. AMAT shares are trading 23.14% year to date (YTD), with the 12-month market performance up to 67.06% higher. It has a 12-month low price of $109.00 and touched a high of $189.47 over the same period. AMAT has an average intraday trading volume of 6.17 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 15.32%, 22.81%, and 37.36% respectively.

Institutional ownership of Applied Materials Inc. (NASDAQ: AMAT) shares accounts for 83.04% of the company’s 833.00M shares outstanding.

It has a market capitalization of $166.05B and a beta (3y monthly) value of 1.57. The stock’s trailing 12-month PE ratio is 23.48, while the earnings-per-share (ttm) stands at $8.50. The company has a PEG of 1.57 and a Quick Ratio of 1.91 with the debt-to-equity ratio at 0.32. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.75% over the week and 2.70% over the month.

Analysts forecast that Applied Materials Inc. (AMAT) will achieve an EPS of $TMAT for the current quarter, $24.70 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $American Tower Corporation (REI while analysts give the company a high EPS estimate of $Meta Materials Inc.. Comparatively, EPS for the current quarter was $Mattel, Inc. a year ago. Earnings per share for the fiscal year are expected to increase by 1.95%, and 15.76% over the next financial year. EPS should shrink at an annualized rate of 14.97% over the next five years, compared to 22.34% over the past 5-year period.

Looking at the support for the AMAT, a number of firms have released research notes about the stock. TD Cowen stated their Outperform rating for the stock in a research note on February 16, 2024, with the firm’s price target at $185-$245.

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