Market Recap: Applied Materials Inc. (AMAT)’s Negative Momentum, Closing at 239.99

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The closing price of Applied Materials Inc. (NASDAQ: AMAT) was $239.99 for the day, down -3.16% from the previous closing price of $247.83. In other words, the price has decreased by -$3.16 from its previous closing price. On the day, 6.95 million shares were traded. AMAT stock price reached its highest trading level at $247.83 during the session, while it also had its lowest trading level at $238.655.

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 26.29 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 29.20. 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:

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 Jun 18 ’24 when DICKERSON GARY E sold 400,000 shares for $246.45 per share. The transaction valued at 98,579,111 led to the insider holds 1,542,269 shares of the business.

Little Teri A. sold 2,500 shares of AMAT for $554,050 on Jun 07 ’24. The SVP, CLO now owns 76,212 shares after completing the transaction at $221.62 per share. On May 31 ’24, another insider, Little Teri A., who serves as the SVP, CLO of the company, sold 7,500 shares for $213.02 each. As a result, the insider received 1,597,650 and left with 78,712 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 205239697408 and an Enterprise Value of 197146673152. As of this moment, Applied’s Price-to-Earnings (P/E) ratio for their current fiscal year is 27.58, and their Forward P/E ratio for the next fiscal year is 24.69. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.87. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.51 while its Price-to-Book (P/B) ratio in mrq is 10.92. Its current Enterprise Value per Revenue stands at 7.439 whereas that against EBITDA is 24.324.

Stock Price History:

The Beta on a monthly basis for AMAT is 1.56, which has changed by 0.76372457 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. 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 12.76%, while the 200-Day Moving Average is calculated to be 36.46%.

Shares Statistics:

AMAT traded an average of 4.73M shares per day over the past three months and 4698170 shares per day over the past ten days. A total of 833.00M shares are outstanding, with a floating share count of 825.02M. Insiders hold about 0.36% of the company’s shares, while institutions hold 80.96% stake in the company. Shares short for AMAT as of 1715731200 were 11791659 with a Short Ratio of 3.30, 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

With its trailing 12-month dividend rate of 1.36, AMAT has a forward annual dividend rate of 1.36. Against a Trailing Annual Dividend Yield of 0.0054876325The stock’s 5-year Average Dividend Yield is 1.01. The current Payout Ratio is 15.04% for AMAT, which recently paid a dividend on 2024-05-22 with an ex-dividend date of 1724284800. Stock splits for the company last occurred on 2002-04-17 when the company split stock in a 2:1 ratio.

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