Applied Materials Inc (NASDAQ: AMAT) is 15.06% higher on its value in year-to-date trading and has touched a low of $139.21 and a high of $255.89 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 $181.82 in the last trading session, with the day’s gains setting it 4.66%.
Currently trading at $186.48, the stock is -1.53% and -2.44% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.05 million and changing 2.56% at the moment leaves the stock -8.29% off its SMA200. AMAT registered 33.44% gain for a year compared to 6-month loss of -10.05%. The firm has a 50-day simple moving average (SMA 50) of $191.341 and a 200-day simple moving average (SMA200) of $203.2473.
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The stock witnessed a -6.82% gain in the last 1 month and extending the period to 3 months gives it a 4.46%, and is -1.91% 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 2.28% over the week and 3.00% over the month.
Applied Materials Inc (AMAT) has around 34000 employees, a market worth around $153.73B and $26.82B in sales. Current P/E ratio is 20.96 and Fwd P/E is 19.27. Profit margin for the company is 27.78%. Distance from 52-week low is 33.96% and -27.12% from its 52-week high. The company has generated returns on investments over the last 12 months (29.52%).
The EPS is expected to grow by 6.01% this year.
Applied Materials Inc (AMAT) Top Institutional Holders
3020.0 institutions hold shares in Applied Materials Inc (AMAT), with institutional investors hold 85.18% of the company’s shares. The shares outstanding are 833.00M, and float is at 821.84M with Short Float at 1.91%. Institutions hold 84.92% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 79.11 million shares valued at $18.67 billion. The investor’s holdings represent 9.5314% of the AMAT Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 76.12 million shares valued at $17.96 billion to account for 9.1713 of the shares outstanding. The other top investors are STATE STREET CORP which holds 38.14 million shares representing 4.5946% and valued at over $9.0 billion, while CAPITAL INTERNATIONAL INVESTORS holds 2.7506 of the shares totaling 22.83 million with a market value of $5.39 billion.
Applied Materials Inc (AMAT) Insider Activity
The most recent transaction is an insider sale by Iannotti Thomas J, the company’s Director. SEC filings show that Iannotti Thomas J sold 9,827 shares of the company’s common stock on Jun 21 ’24 at a price of $236.65 per share for a total of $2.33 million. Following the sale, the insider now owns 49185.0 shares.
Applied Materials Inc disclosed in a document filed with the SEC on Jun 18 ’24 that Raja Prabu G. (President, Semi. Products Grp.) sold a total of 50,000 shares of the company’s common stock. The trade occurred on Jun 18 ’24 and was made at $249.17 per share for $12.46 million. Following the transaction, the insider now directly holds 0.46 million shares of the AMAT stock.
Still, SEC filings show that on Jun 18 ’24, DICKERSON GARY E (President and CEO) disposed off 400,000 shares at an average price of $246.45 for $98.58 million. The insider now directly holds 1,542,269 shares of Applied Materials Inc (AMAT).
