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After finishing at $201.15 in the prior trading day, Applied Materials Inc. (NASDAQ: AMAT) closed at $199.59, down -0.78%. In other words, the price has decreased by -$0.78 from its previous closing price. On the day, 3.81 million shares were traded. AMAT stock price reached its highest trading level at $203.125 during the session, while it also had its lowest trading level at $197.72.
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 18.08 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 25.06. For the most recent quarter (mrq), Quick Ratio is recorded 2.09 and its Current Ratio is at 2.86. In the meantime, Its Debt-to-Equity ratio is 0.35 whereas as Long-Term Debt/Eq ratio is at 0.34.
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 the company, Barclays on June 05, 2024, Upgraded its rating to Equal Weight and sets its target price to $225 from $165 previously.
On May 17, 2024, TD Cowen reiterated its Buy rating and also lowered its target price recommendation from $245 to $250.
Jefferies Downgraded its Buy to Hold on May 13, 2024, whereas the target price for the stock was revised from $215 to $210.
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 Jun 21 ’24 when Iannotti Thomas J sold 9,827 shares for $236.65 per share. The transaction valued at 2,325,560 led to the insider holds 49,185 shares of the business.
Raja Prabu G. sold 50,000 shares of AMAT for $12,458,500 on Jun 18 ’24. The President, Semi. Products Grp. now owns 458,417 shares after completing the transaction at $249.17 per share. On Jun 18 ’24, another insider, DICKERSON GARY E, who serves as the President and CEO of the company, sold 400,000 shares for $246.45 each. As a result, the insider received 98,579,111 and left with 1,542,269 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 164542791680 and an Enterprise Value of 162110816256. As of this moment, Applied’s Price-to-Earnings (P/E) ratio for their current fiscal year is 22.43, and their Forward P/E ratio for the next fiscal year is 20.49. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.61. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.14 while its Price-to-Book (P/B) ratio in mrq is 8.73. Its current Enterprise Value per Revenue stands at 6.037 whereas that against EBITDA is 19.76.
Stock Price History:
Over the past 52 weeks, AMAT has reached a high of $255.89, while it has fallen to a 52-week low of $129.21. The 50-Day Moving Average of the stock is 2.45%, while the 200-Day Moving Average is calculated to be 0.15%.
Shares Statistics:
The stock has traded on average 6.76M shares per day over the past 3-months and 6307340 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 821.85M. Insiders hold about 0.31% of the company’s shares, while institutions hold 82.09% stake in the company. Shares short for AMAT as of 1726185600 were 16623294 with a Short Ratio of 2.46, compared to 1723680000 on 12912326. Therefore, it implies a Short% of Shares Outstanding of 16623294 and a Short% of Float of 2.02.
Dividends & Splits
In the trailing 12 months, AMAT’s forward annual dividend rate was 1.44, compared to 1.44 this year. Against a Trailing Annual Dividend Yield of 0.0071588373The stock’s 5-year Average Dividend Yield is 0.94.
