Is Applied Materials Inc (NASDAQ: AMAT) Back In The Buying Zone?

Currently, there are 824.40M common shares owned by the public and among those 819.98M shares have been available to trade.

The company’s stock has a 5-day price change of -6.22% and -3.48% over the past three months. AMAT shares are trading 6.04% year to date (YTD), with the 12-month market performance up to 15.82% higher. It has a 12-month low price of $144.57 and touched a high of $255.89 over the same period. AMAT has an average intraday trading volume of 6.51 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 -2.69%, -7.57%, and -15.49% respectively.

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Institutional ownership of Applied Materials Inc (NASDAQ: AMAT) shares accounts for 81.07% of the company’s 824.40M shares outstanding.

It has a market capitalization of $142.50B and a beta (3y monthly) value of 1.51. The stock’s trailing 12-month PE ratio is 19.96, while the earnings-per-share (ttm) stands at $8.61. The company has a PEG of 1.78 and a Quick Ratio of 1.87 with the debt-to-equity ratio at 0.33. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.63% over the week and 2.66% over the month.

Earnings per share for the fiscal year are expected to increase by 9.10%, and 11.68% over the next financial year. EPS should shrink at an annualized rate of 11.23% over the next five years, compared to 24.63% over the past 5-year period.

Looking at the support for the AMAT, a number of firms have released research notes about the stock. Morgan Stanley stated their Underweight rating for the stock in a research note on December 05, 2024, with the firm’s price target at $179-$164. TD Cowen coverage for the Applied Materials Inc (AMAT) stock in a research note released on November 15, 2024 offered a Buy rating with a price target of $230. Barclays was of a view on June 05, 2024 that the stock is Equal Weight, while TD Cowen gave the stock Buy rating on May 17, 2024, issuing a price target of $245- $250. Jefferies on their part issued Hold rating on May 13, 2024.

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