Applied Materials Inc. (NASDAQ: AMAT) is 19.23% higher on its value in year-to-date trading and has touched a low of $109.15 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 $189.46 in the last trading session, with the day’s gains setting it 3.78%.
Currently trading at $193.24, the stock is -5.76% and -4.34% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.37 million and changing 2.00% at the moment leaves the stock 19.56% off its SMA200. AMAT registered 70.32% gain for a year compared to 6-month gain of 44.08%.
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The stock witnessed a -8.09% loss in the last 1 month and extending the period to 3 months gives it a 15.68%, and is -7.75% 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 3.10% over the week and 2.70% over the month.
Applied Materials Inc. (AMAT) has around 34000 employees, a market worth around $160.56B and $26.44B in sales. Current P/E ratio is 22.73 and Fwd P/E is 20.25. Profit margin for the company is 27.07%. Distance from 52-week low is 77.04% and -10.08% from its 52-week high. The company has generated returns on investments over the last 12 months (30.95%).
The EPS is expected to grow by 2.47% this year.
Applied Materials Inc. (AMAT) Top Institutional Holders
The shares outstanding are 833.00M, and float is at 827.82M with Short Float at 1.50%.
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).
