The stock of Applied Materials Inc. (NASDAQ:AMAT) last traded at $120.92, down -0.16% from the previous session.
Data from the available sources indicates that Applied Materials Inc. (NASDAQ:AMAT) is covered by 31 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $150.00 and a low of $90.00, we find $135.00. Given the previous closing price of $121.11, this indicates a potential upside of 11.47 percent. AMAT stock price is now 3.84% away from the 50-day moving average and 15.34% away from the 200-day moving average. The market capitalization of the company currently stands at $101.64B.
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In total, 9 analysts have assigned it a hold rating, and 18 have given it a buy rating. Brokers who have rated the stock have averaged $132.50 as their price target over the next twelve months.
With the price target maintained at $133, Exane BNP Paribas recently Downgraded its rating from Outperform to Neutral for Applied Materials Inc. (NASDAQ: AMAT). On January 23, 2023, Barclays Downgraded its previous ‘Equal Weight’ rating to ‘Underweight’ on the stock increasing its target price from $80 to quote $90, while ‘Stifel’ rates the stock as ‘Buy’.
In other news, Nalamasu Omkaram, Senior Vice President, CTO sold 29,444 shares of the company’s stock on Mar 20. The stock was sold for $3,671,667 at an average price of $124.70. Upon completion of the transaction, the Senior Vice President, CTO now directly owns 194,298 shares in the company, valued at $23.49 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 28, SVP, CLO Little Teri A. sold 6,813 shares of the business’s stock. A total of $800,119 was realized by selling the stock at an average price of $117.44. This leaves the insider owning 98,332 shares of the company worth $11.89 million. Insiders disposed of 360,912 shares of company stock worth roughly $43.64 million over the past 1 year. A total of 0.35% 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 JENNISON ASSOCIATES LLC during the first quarter worth $194,885,000. CITADEL ADVISORS LLC invested $113,055,000 in shares of AMAT during the first quarter. In the first quarter, LORD, ABBETT & CO. LLC acquired a new stake in Applied Materials Inc. valued at approximately $87,613,000. NAYA CAPITAL MANAGEMENT UK LTD acquired a new stake in AMAT for approximately $74,728,000. XN LP purchased a new stake in AMAT valued at around $69,519,000 in the second quarter. In total, there are 2,376 active investors with 79.90% ownership of the company’s stock.
With an opening price of $120.83 on Tuesday morning, Applied Materials Inc. (NASDAQ: AMAT) set off the trading day. During the past 12 months, Applied Materials Inc. has had a low of $71.12 and a high of $125.62. As of last week, the company has a debt-to-equity ratio of 0.43, a current ratio of 2.30, and a quick ratio of 1.50. According to the stock market information, the enterprise value for the company is $97.59B, which is based on a 16.20 price-to-earnings ratio, a 1.25 price-to-earnings-growth ratio, and a beta of 1.60. The fifty day moving average price for AMAT is $116.50 and a two-hundred day moving average price translates $104.91 for the stock.
The latest earnings results from Applied Materials Inc. (NASDAQ: AMAT) was released for Jan, 2023. According to the Semiconductor Equipment & Materials Company, earnings per share came in at $2.03, beating analysts’ expectations of $1.93 by 0.1. This compares to $2.00 EPS in the same period last year. The net profit margin was 24.60% and return on equity was 52.40% for AMAT. The company reported revenue of $6.74 billion for the quarter, compared to $6.27 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.46 percent. For the current quarter, analysts expect AMAT to generate $6.38B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/15/2023. Investors who held shares on 05/25/2023 were paid a $0.32 dividend. On an annualized basis, this represents a $1.28 dividend and a 1.06% percent yield. There was an ex-dividend date of 05/24/2023 for this dividend. In terms of dividend payout ratio, AMAT is presently at 10.10%.
Applied Materials Inc.(AMAT) Company Profile
Applied Materials, Inc. engages in the provision of 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.
