After finishing at $204.94 in the prior trading day, Applied Materials Inc. (NASDAQ: AMAT) closed at $200.56, down -2.14%. In other words, the price has decreased by -$4.38 from its previous closing price. On the day, 5047236 shares were traded. AMAT stock price reached its highest trading level at $203.87 during the session, while it also had its lowest trading level at $199.94.
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Ratios:
Our goal is to gain a better understanding of AMAT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 22.24 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.62. For the most recent quarter (mrq), Quick Ratio is recorded 1.91 and its Current Ratio is at 2.71. In the meantime, Its Debt-to-Equity ratio is 0.34 whereas as Long-Term Debt/Eq ratio is at 0.33.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, TD Cowen on February 16, 2024, Reiterated its Outperform rating but revised its target price to $245 from $185 previously.
On January 23, 2024, Cantor Fitzgerald started tracking the stock assigning a Neutral rating and target price of $180.
TD Cowen reiterated its Outperform rating for the stock on December 12, 2023, while the target price for the stock was revised from $165 to $185.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 22 ’23 when Nalamasu Omkaram sold 23,228 shares for $162.45 per share. The transaction valued at 3,773,389 led to the insider holds 190,972 shares of the business.
Hill Brice sold 1,000 shares of AMAT for $150,040 on Aug 30 ’23. The SVP, CFO now owns 106,023 shares after completing the transaction at $150.04 per share. On Jul 07 ’23, another insider, Little Teri A., who serves as the SVP, CLO of the company, sold 10,000 shares for $142.00 each. As a result, the insider received 1,420,000 and left with 69,504 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AMAT now has a Market Capitalization of 166.66B and an Enterprise Value of 165.16B. As of this moment, Applied’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.59, and their Forward P/E ratio for the next fiscal year is 20.96. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.58. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.30 while its Price-to-Book (P/B) ratio in mrq is 9.56. Its current Enterprise Value per Revenue stands at 6.24 whereas that against EBITDA is 18.81.
Stock Price History:
Over the past 52 weeks, AMAT has reached a high of $214.26, while it has fallen to a 52-week low of $109.00. The 50-Day Moving Average of the stock is 178.69, while the 200-Day Moving Average is calculated to be 152.73.
Shares Statistics:
The stock has traded on average 6.51M shares per day over the past 3-months and 6.81M shares per day over the last 10 days, according to various share statistics. A total of 833.00M shares are outstanding, with a floating share count of 827.95M. Insiders hold about 0.35% of the company’s shares, while institutions hold 83.29% stake in the company. Shares short for AMAT as of Feb 29, 2024 were 13.25M with a Short Ratio of 2.04, compared to 16.78M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.59% and a Short% of Float of 1.60%.
Dividends & Splits
In the trailing 12 months, AMAT’s forward annual dividend rate was 1.28, compared to 1.28 this year. Against a Trailing Annual Dividend Yield of 0.62%, it implies a Forward Annual Dividend Yield of 0.80%. The stock’s 5-year Average Dividend Yield is 1.08. The current Payout Ratio is 15.04% for AMAT, which recently paid a dividend on Mar 14, 2024 with an ex-dividend date of May 22, 2024. Stock splits for the company last occurred on Apr 17, 2002 when the company split stock in a 2:1 ratio.
Earnings Estimates
Its stock is currently analyzed by 22 different market analysts. On average, analysts expect EPS of $1.99 for the current quarter, with a high estimate of $2.12 and a low estimate of $1.95, while EPS last year was $1.78. The consensus estimate for the next quarter is $1.97, with high estimates of $2.25 and low estimates of $1.84.
Analysts are recommending an EPS of between $8.81 and $7.92 for the fiscal current year, implying an average EPS of $8.25. EPS for the following year is $9.55, with 25 analysts recommending between $10.85 and $8.73.
Revenue Estimates
A total of 26 analysts have provided revenue estimates for AMAT’s current fiscal year. The highest revenue estimate was $27.88B, while the lowest revenue estimate was $26.04B, resulting in an average revenue estimate of $26.74B. In the same quarter a year ago, actual revenue was $26.52B, up 0.80% from the average estimate. Based on 25 analysts’ estimates, the company’s revenue will be $29.72B in the next fiscal year. The high estimate is $31.69B and the low estimate is $28.18B. The average revenue growth estimate for next year is up 11.20% from the average revenue estimate for this year.
