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Things appear to be looking up for Applied Materials Inc. (AMAT)

Applied Materials Inc. (NASDAQ: AMAT) is 27.17% higher on its value in year-to-date trading and has touched a low of $109.00 and a high of $214.91 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AMAT stock was last observed hovering at around $208.69 in the last trading session, with the day’s loss setting it -2.58%.

Currently trading at $206.11, the stock is 0.06% and 7.65% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.31 million and changing -1.24% at the moment leaves the stock 31.37% off its SMA200. AMAT registered 68.79% gain for a year compared to 6-month gain of 48.87%. The firm has a 50-day simple moving average (SMA 50) of $6.41 and a 200-day simple moving average (SMA200) of $19.32.

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The stock witnessed a -1.97% loss in the last 1 month and extending the period to 3 months gives it a 27.17%, and is -1.13% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.26% over the week and 2.30% over the month.

Applied Materials Inc. (AMAT) has around 34000 employees, a market worth around $171.26B and $26.44B in sales. Current P/E ratio is 24.24 and Fwd P/E is 21.54. Profit margin for the company is 27.07%. Distance from 52-week low is 89.09% and -4.09% from its 52-week high. The company has generated returns on investments over the last 12 months (30.95%).

Applied Materials Inc. quarterly earnings per share for the current quarter are estimated at $1.99 with sales reaching $6.54B over the same period.The EPS is expected to grow by 2.71% this year, but quarterly earnings will post 0.90% year-over-year.

Applied Materials Inc. (AMAT) Top Institutional Holders

2,709 institutions hold shares in Applied Materials Inc. (AMAT), with institutional investors hold 85.75% of the company’s shares. The shares outstanding are 833.00M, and float is at 827.94M with Short Float at 1.56%. Institutions hold 85.49% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 73.54 million shares valued at $10.63 billion. The investor’s holdings represent 8.76% of the AMAT Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 71.78 million shares valued at $10.38 billion to account for 8.55% of the shares outstanding. The other top investors are State Street Corporation which holds 38.24 million shares representing 4.56% and valued at over $5.53 billion, while Capital World Investors holds 4.37% of the shares totaling 36.7 million with a market value of $5.3 billion.

Applied Materials Inc. (AMAT) Insider Activity

The most recent transaction is an insider sale by Nalamasu Omkaram,the company’sSenior Vice President, CTO. SEC filings show that Nalamasu Omkaram sold 23,228 shares of the company’s common stock on Dec 22 ’23 at a price of $162.45 per share for a total of $3.77 million. Following the sale, the insider now owns 0.19 million shares.

Applied Materials Inc. disclosed in a document filed with the SEC on Aug 30 ’23 that Hill Brice (SVP, CFO) sold a total of 1,000 shares of the company’s common stock. The trade occurred on Aug 30 ’23 and was made at $150.04 per share for $0.15 million. Following the transaction, the insider now directly holds 0.11 million shares of the AMAT stock.

Still, SEC filings show that on Jul 07 ’23, Little Teri A. (SVP, CLO) disposed off 10,000 shares at an average price of $142.00 for $1.42 million. The insider now directly holds 69,504 shares of Applied Materials Inc. (AMAT).

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