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The closing price of Applied Materials Inc. (NASDAQ: AMAT) was $189.46 for the day, down -0.16% from the previous closing price of $189.77. In other words, the price has decreased by $-0.16 from its previous closing price. On the day, 6.99 million shares were traded. AMAT stock price reached its highest trading level at $191.78 during the session, while it also had its lowest trading level at $186.855.
Ratios:
Our analysis of AMAT’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 21.01 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.43. 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, Evercore ISI on April 16, 2024, initiated with a Outperform rating and assigned the stock a target price of $260.
Cantor Fitzgerald Upgraded its Neutral to Overweight on April 08, 2024, while the target price for the stock was maintained at $260.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 157421748224 and an Enterprise Value of 155918811136. As of this moment, Applied’s Price-to-Earnings (P/E) ratio for their current fiscal year is 22.28, and their Forward P/E ratio for the next fiscal year is 19.85. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.56. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.95 while its Price-to-Book (P/B) ratio in mrq is 9.03. Its current Enterprise Value per Revenue stands at 5.887 whereas that against EBITDA is 19.162.
Stock Price History:
The Beta on a monthly basis for AMAT is 1.59, which has changed by 0.712865 over the last 52 weeks, in comparison to a change of 0.23061275 over the same period for the S&P500. Over the past 52 weeks, AMAT has reached a high of $214.91, while it has fallen to a 52-week low of $109.15. The 50-Day Moving Average of the stock is -6.06%, while the 200-Day Moving Average is calculated to be 17.40%.
Shares Statistics:
AMAT traded an average of 6.15M shares per day over the past three months and 5290180 shares per day over the past ten days. A total of 833.00M shares are outstanding, with a floating share count of 827.82M. Insiders hold about 0.37% of the company’s shares, while institutions hold 83.26% stake in the company. Shares short for AMAT as of 1711584000 were 12454784 with a Short Ratio of 2.02, compared to 1709164800 on 13249661. Therefore, it implies a Short% of Shares Outstanding of 12454784 and a Short% of Float of 1.5.
Dividends & Splits
With its trailing 12-month dividend rate of 1.28, AMAT has a forward annual dividend rate of 1.28. The stock’s 5-year Average Dividend Yield is 1.06. The current Payout Ratio is 15.04% for AMAT, which recently paid a dividend on 2024-02-21 with an ex-dividend date of 1716336000. Stock splits for the company last occurred on 2002-04-17 when the company split stock in a 2:1 ratio.
Earnings Estimates
The current market rating for Applied Materials Inc. (AMAT) reflects the collective analysis of 25 analysts closely monitoring its performance.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 $8.26. EPS for the following year is $9.56, with 29 analysts recommending between $10.85 and $8.73.
Revenue Estimates
A total of 30 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 $26.75B. In the same quarter a year ago, actual revenue was $26.52B, up 0.90% from the average estimate. Based on 29 analysts’ estimates, the company’s revenue will be $29.73B 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.
