In Thursday’s Wall Street session, Applied Materials Inc (NASDAQ:AMAT) shares traded at $156.64, down -7.04% from the previous session.
AMAT stock price is now -10.40% away from the 50-day moving average and -19.89% away from the 200-day moving average. The market capitalization of the company currently stands at $127.26B.
With the price target maintained at $225, KeyBanc Capital Markets recently Upgraded its rating from Sector Weight to Overweight for Applied Materials Inc (NASDAQ: AMAT). , while ‘Morgan Stanley’ rates the stock as ‘Underweight’
In other news, Sanders Adam, Corp. Controller & CAO sold 271 shares of the company’s stock on Feb 24 ’25. The stock was sold for $46,808 at an average price of $172.72. Upon completion of the transaction, the Corp. Controller & CAO now directly owns 6,479 shares in the company, valued at $1.01 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 21 ’24, Director Iannotti Thomas J sold 9,827 shares of the business’s stock. A total of $2,325,560 was realized by selling the stock at an average price of $236.65. This leaves the insider owning 49,185 shares of the company worth $7.7 million. A total of 0.25% of the company’s stock is owned by insiders.
During the past 12 months, Applied Materials Inc has had a low of $158.96 and a high of $255.89. As of last week, the company has a debt-to-equity ratio of 0.35, a current ratio of 2.68, and a quick ratio of 1.96.
The net profit margin was 22.97% and return on equity was 35.19% for AMAT. The company reported revenue of $7.17 billion for the quarter, compared to $6.71 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.84 percent.
