Applied Materials Inc. (AMAT) Price Aside, AMAT Fundamentals Booming Beyond Compare

The price of Applied Materials Inc. (NASDAQ:AMAT) shares last traded on Wall Street rose 1.76% to $144.23.

Based on available information, 33 analysts follow 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 $185.00 and a low of $120.00, we find $160.00. Given the previous closing price of $141.74, this indicates a potential upside of 12.88 percent. AMAT stock price is now 2.78% away from the 50-day moving average and 10.35% away from the 200-day moving average. The market capitalization of the company currently stands at $120.65B.

Among analysts, 9 rate the stock a hold while 17 rate it a buy. Brokers who have rated the stock have averaged $159.35 as their price target over the next twelve months.

With the price target of $160, Raymond James recently initiated with Outperform rating for Applied Materials Inc. (NASDAQ: AMAT).

In other news, Hill Brice, SVP, CFO sold 1,000 shares of the company’s stock on Aug 30. The stock was sold for $150,040 at an average price of $150.04. Upon completion of the transaction, the SVP, CFO now directly owns 106,023 shares in the company, valued at $15.29 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 $1,420,000 was realized by selling the stock at an average price of $142.00. This leaves the insider owning 69,504 shares of the company worth $10.02 million. Insiders disposed of 356,188 shares of company stock worth roughly $51.37 million over the past 1 year. A total of 0.38% of the company’s stock is owned by insiders.

A candlestick chart of Applied Materials Inc. (NASDAQ: AMAT) showed a price of $142.37 on Wednesday morning. During the past 12 months, Applied Materials Inc. has had a low of $93.68 and a high of $155.26. As of last week, the company has a debt-to-equity ratio of 0.40, a current ratio of 2.30, and a quick ratio of 1.59. According to the stock market information, the enterprise value for the company is $116.98B, which is based on a 19.02 price-to-earnings ratio, a 1.47 price-to-earnings-growth ratio, and a beta of 1.58. The fifty day moving average price for AMAT is $140.32 and a two-hundred day moving average price translates $130.71 for the stock.

The latest earnings results from Applied Materials Inc. (NASDAQ: AMAT) was released for Jul, 2023. According to the Semiconductor Equipment & Materials Company, earnings per share came in at $1.81, beating analysts’ expectations of $1.65 by 0.16. This compares to $1.85 EPS in the same period last year. The net profit margin was 24.35% and return on equity was 47.44% for AMAT. The company reported revenue of $6.42 billion for the quarter, compared to $6.52 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.46 percent. For the current quarter, analysts expect AMAT to generate $6.14B in revenue.

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.

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