In yesterday’s Wall Street session, Applied Materials Inc. (NASDAQ:AMAT) shares traded at $203.39, down -1.92% from the previous session.
AMAT stock price is now 5.38% away from the 50-day moving average and 29.09% away from the 200-day moving average. The market capitalization of the company currently stands at $169.00B.
With the price target enhanced from $185 to $245, TD Cowen maintained Outperform rating for Applied Materials Inc. (NASDAQ: AMAT). On January 23, 2024, Cantor Fitzgerald recently initiated its ‘Neutral’ rating on the stock quoting a target price of $180, while ‘TD Cowen’ rates the stock as ‘Outperform’
In other news, Nalamasu Omkaram, Senior Vice President, CTO sold 23,228 shares of the company’s stock on Dec 22 ’23. The stock was sold for $3,773,389 at an average price of $162.45. Upon completion of the transaction, the Senior Vice President, CTO now directly owns 190,972 shares in the company, valued at $38.84 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 30 ’23, SVP, CFO Hill Brice sold 1,000 shares of the business’s stock. A total of $150,040 was realized by selling the stock at an average price of $150.04. This leaves the insider owning 106,023 shares of the company worth $21.56 million. A total of 0.36% of the company’s stock is owned by insiders.
During the past 12 months, Applied Materials Inc. has had a low of $109.00 and a high of $214.91. As of last week, the company has a debt-to-equity ratio of 0.34, a current ratio of 2.71, and a quick ratio of 1.91. According to the stock market information, the enterprise value for the company is $167.49B, which is based on a 23.92 price-to-earnings ratio, a 1.60 price-to-earnings-growth ratio, and a beta of 1.58. The fifty day moving average price for AMAT is $193.00 and a two-hundred day moving average price translates $157.56 for the stock.
The latest earnings results from Applied Materials Inc. (NASDAQ: AMAT) was released for Jan, 2024. According to the Semiconductor Equipment & Materials Company, earnings per share came in at $1.98, beating analysts’ expectations of $1.77 by 0.21. This compares to $2.02 EPS in the same period last year. The net profit margin was 27.07% and return on equity was 46.41% for AMAT. The company reported revenue of $6.71 billion for the quarter, compared to $6.74 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.47 percent. For the current quarter, analysts expect AMAT to generate $6.54B in revenue.
