Currently, there are 833.00M common shares owned by the public and among those 827.95M shares have been available to trade.
However, the script later moved the day high at 205.01, up 1.77%. The company’s stock has a 5-day price change of -1.18% and 38.74% over the past three months. AMAT shares are trading 26.45% year to date (YTD), with the 12-month market performance up to 79.16% higher. It has a 12-month low price of $109.00 and touched a high of $214.26 over the same period. AMAT has an average intraday trading volume of 6.48 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 2.98%, 15.73%, and 34.86% respectively.
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Institutional ownership of Applied Materials Inc. (NASDAQ: AMAT) shares accounts for 83.29% of the company’s 833.00M shares outstanding.
It has a market capitalization of $170.28B and a beta (3y monthly) value of 1.59. The stock’s trailing 12-month PE ratio is 24.10, while the earnings-per-share (ttm) stands at $8.50. The company has a PEG of 1.61 and a Quick Ratio of 1.91 with the debt-to-equity ratio at 0.34. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.62% over the week and 2.67% over the month.
Analysts forecast that Applied Materials Inc. (AMAT) will achieve an EPS of $1.99 for the current quarter, $1.97 for the next quarter and $9.55 for 2025. The lowest estimate earnings-per-share for the quarter is $1.95 while analysts give the company a high EPS estimate of $2.12. Comparatively, EPS for the current quarter was $1.78 a year ago. Earnings per share for the fiscal year are expected to increase by 2.71%, and 15.75% 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. Cantor Fitzgerald coverage for the Applied Materials Inc. (AMAT) stock in a research note released on January 23, 2024 offered a Neutral rating with a price target of $180. TD Cowen was of a view on December 12, 2023 that the stock is Outperform, while Redburn Atlantic gave the stock Buy rating on November 22, 2023, issuing a price target of $175. TD Cowen on their part issued Outperform rating on November 17, 2023.
