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Applied Materials Inc. (NASDAQ: AMAT) closed the day trading at $229.84 down -2.37% from the previous closing price of $235.41. In other words, the price has decreased by -$2.37 from its previous closing price. On the day, 5.77 million shares were traded. AMAT stock price reached its highest trading level at $235.41 during the session, while it also had its lowest trading level at $229.4301.
Ratios:
For a better understanding of AMAT, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 25.18 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 27.97. For the most recent quarter (mrq), Quick Ratio is recorded 1.97 and its Current Ratio is at 2.80. In the meantime, Its Debt-to-Equity ratio is 0.33 whereas as Long-Term Debt/Eq ratio is at 0.31.
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.
DICKERSON GARY E sold 400,000 shares of AMAT for $98,579,111 on Jun 18 ’24. The President and CEO now owns 1,542,269 shares after completing the transaction at $246.45 per share. On Jun 18 ’24, another insider, Raja Prabu G., who serves as the President, Semi. Products Grp. of the company, sold 50,000 shares for $249.17 each. As a result, the insider received 12,458,500 and left with 458,417 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 190301765632 and an Enterprise Value of 188742729728. As of this moment, Applied’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.41, and their Forward P/E ratio for the next fiscal year is 23.65. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.79. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.19 while its Price-to-Book (P/B) ratio in mrq is 10.46. Its current Enterprise Value per Revenue stands at 7.122 whereas that against EBITDA is 23.287.
Stock Price History:
Over the past 52 weeks, AMAT has reached a high of $249.42, while it has fallen to a 52-week low of $129.21. The 50-Day Moving Average of the stock is 7.43%, while the 200-Day Moving Average is calculated to be 30.06%.
Shares Statistics:
Over the past 3-months, AMAT traded about 4.92M shares per day on average, while over the past 10 days, AMAT traded about 6072020 shares per day. A total of 833.00M shares are outstanding, with a floating share count of 824.89M. Insiders hold about 0.36% of the company’s shares, while institutions hold 80.95% stake in the company. Shares short for AMAT as of 1715731200 were 11791659 with a Short Ratio of 3.17, compared to 1713139200 on 12489055. Therefore, it implies a Short% of Shares Outstanding of 11791659 and a Short% of Float of 1.43.
Dividends & Splits
AMAT’s forward annual dividend rate is 1.36, up from 1.36 a year ago. Against a Trailing Annual Dividend Yield of 0.0057771546The stock’s 5-year Average Dividend Yield is 1.01.
