In yesterday’s Wall Street session, Applied Materials Inc. (NASDAQ:AMAT) shares traded at $105.14, up 0.42% from the previous session.
As of this writing, 30 analysts cover Applied Materials Inc. (NASDAQ:AMAT). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $140.00 and a low of $80.00, we find $120.00. Given the previous closing price of $104.70, this indicates a potential upside of 14.61 percent. AMAT stock price is now 18.60% away from the 50-day moving average and -1.15% away from the 200-day moving average. The market capitalization of the company currently stands at $90.24B.
There are 7 analysts who have given it a hold rating, whereas 20 have given it a buy rating. Brokers who have rated the stock have averaged $115.84 as their price target over the next twelve months.
, while ‘William Blair’ rates the stock as ‘Mkt Perform’.
In other news, Deane Timothy M, GVP, Applied Global Services sold 29 shares of the company’s stock on Sep 14. The stock was sold for $2,652 at an average price of $91.46. Upon completion of the transaction, the GVP, Applied Global Services now directly owns 87,532 shares in the company, valued at $9.2 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 07, SVP, CLO Little Teri A. sold 10,000 shares of the business’s stock. A total of $895,000 was realized by selling the stock at an average price of $89.50. This leaves the insider owning 83,169 shares of the company worth $8.74 million. Insiders disposed of 789,608 shares of company stock worth roughly $83.02 million over the past 1 year. A total of 0.32% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AMAT stock. A new stake in Applied Materials Inc. shares was purchased by GREAT WEST LIFE ASSURANCE CO /CAN/ during the first quarter worth $122,268,000. WOODLINE PARTNERS LP invested $56,484,000 in shares of AMAT during the first quarter. In the first quarter, COATUE MANAGEMENT LLC acquired a new stake in Applied Materials Inc. valued at approximately $54,369,000. TWINBEECH CAPITAL LP acquired a new stake in AMAT for approximately $53,445,000. CLAL INSURANCE ENTERPRISES HOLDINGS LTD purchased a new stake in AMAT valued at around $52,570,000 in the second quarter. In total, there are 2,290 active investors with 79.90% ownership of the company’s stock.
During the past 12 months, Applied Materials Inc. has had a low of $71.12 and a high of $167.06. As of last week, the company has a debt-to-equity ratio of 0.45, a current ratio of 2.30, and a quick ratio of 1.50. The fifty day moving average price for AMAT is $88.65 and a two-hundred day moving average price translates $106.36 for the stock.
The latest earnings results from Applied Materials Inc. (NASDAQ: AMAT) was released for Jul, 2022. According to the Semiconductor Equipment & Materials Company, earnings per share came in at $1.94, beating analysts’ expectations of $1.79 by 0.15. This compares to $1.87 EPS in the same period last year. The net profit margin was 26.90% and return on equity was 56.60% for AMAT. The company reported revenue of $6.52 billion for the quarter, compared to $6.2 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.23 percent. For the current quarter, analysts expect AMAT to generate $6.45B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/15/2022. Investors who held shares on 11/25/2022 were paid a $0.26 dividend. On an annualized basis, this represents a $1.04 dividend and a 0.99% percent yield. There was an ex-dividend date of 11/23/2022 for this dividend. In terms of dividend payout ratio, AMAT is presently at 12.70%.
Applied Materials Inc.(AMAT) Company Profile
Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits. This segment also offers various technologies, including epitaxy, ion implantation, oxidation/nitridation, rapid thermal processing, physical vapor deposition, chemical vapor deposition, chemical mechanical planarization, electrochemical deposition, atomic layer deposition, etching, and selective deposition and removal, as well as metrology and inspection tools. The Applied Global Services segment provides integrated solutions to optimize equipment and fab performance and productivity comprising spares, upgrades, services, remanufactured earlier generation equipment, and factory automation software for semiconductor, display, and other products. The Display and Adjacent Markets segment offers products for manufacturing liquid crystal displays; organic light-emitting diodes; and other display technologies for TVs, monitors, laptops, personal computers, electronic tablets, smart phones, and other consumer-oriented devices. The company operates in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe. Applied Materials, Inc. was incorporated in 1967 and is headquartered in Santa Clara, California.