These Numbers Could Change Investor Views For Applied Materials Inc (NASDAQ: AMAT)

Currently, there are 833.00M common shares owned by the public and among those 819.29M shares have been available to trade.

The company’s stock has a 5-day price change of 0.07% and -7.45% over the past three months. AMAT shares are trading 15.14% year to date (YTD), with the 12-month market performance up to 23.85% higher. It has a 12-month low price of $141.94 and touched a high of $255.89 over the same period. AMAT has an average intraday trading volume of 6.35 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 0.40%, -2.24%, and -8.45% respectively.

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Institutional ownership of Applied Materials Inc (NASDAQ: AMAT) shares accounts for 82.09% of the company’s 833.00M shares outstanding.

It has a market capitalization of $153.84B and a beta (3y monthly) value of 1.54. The stock’s trailing 12-month PE ratio is 20.97, while the earnings-per-share (ttm) stands at $8.90. The company has a PEG of 2.31 and a Quick Ratio of 2.09 with the debt-to-equity ratio at 0.35. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.45% over the week and 2.98% over the month.

Earnings per share for the fiscal year are expected to increase by 6.06%, and 12.99% over the next financial year. EPS should shrink at an annualized rate of 9.08% 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. Barclays stated their Equal Weight rating for the stock in a research note on June 05, 2024, with the firm’s price target at $165-$225. TD Cowen coverage for the Applied Materials Inc (AMAT) stock in a research note released on May 17, 2024 offered a Buy rating with a price target of $250. Jefferies was of a view on May 13, 2024 that the stock is Hold, while Evercore ISI gave the stock Outperform rating on April 16, 2024, issuing a price target of $260. Deutsche Bank on their part issued Hold rating on April 11, 2024.

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