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The price of Applied Materials Inc. (NASDAQ: AMAT) closed at $209.12 in the last session, up 1.44% from day before closing price of $206.16. In other words, the price has increased by $1.44 from its previous closing price. On the day, 4.45 million shares were traded. AMAT stock price reached its highest trading level at $210.0 during the session, while it also had its lowest trading level at $206.5745.
Ratios:
We take a closer look at AMAT’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 19.02 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 26.37. 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 0.33 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 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 173146128384 and an Enterprise Value of 169887121408. As of this moment, Applied’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.49, and their Forward P/E ratio for the next fiscal year is 21.38. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.51. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.45 while its Price-to-Book (P/B) ratio in mrq is 9.51. Its current Enterprise Value per Revenue stands at 6.326 whereas that against EBITDA is 20.708.
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 -5.38%, while the 200-Day Moving Average is calculated to be 8.46%.
Shares Statistics:
According to the various share statistics, AMAT traded on average about 6.23M shares per day over the past 3-months and 6915580 shares per day over the past 10 days. A total of 833.00M shares are outstanding, with a floating share count of 824.30M. Insiders hold about 0.44% of the company’s shares, while institutions hold 81.87% stake in the company. Shares short for AMAT as of 1722384000 were 12329967 with a Short Ratio of 1.98, compared to 1719532800 on 15621126. Therefore, it implies a Short% of Shares Outstanding of 12329967 and a Short% of Float of 1.49.
Dividends & Splits
The forward annual dividend rate for AMAT is 1.36, which was 1.44 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.006984866The stock’s 5-year Average Dividend Yield is 0.97.
Earnings Estimates
The company has 25.0 analysts who recommend its stock at the moment. The consensus estimate for the next quarter is $2.26, with high estimates of $2.44 and low estimates of $2.1.
Analysts are recommending an EPS of between $8.66 and $8.3 for the fiscal current year, implying an average EPS of $8.52. EPS for the following year is $9.75, with 31.0 analysts recommending between $10.91 and $8.99.
Revenue Estimates
According to 24 analysts, the current quarter’s revenue is expected to be $6.95B. It ranges from a high estimate of $7.08B to a low estimate of $6.77B. As of the current estimate, Applied Materials Inc.’s year-ago sales were $6.72BFor the next quarter, 24 analysts are estimating revenue of $7.21B. There is a high estimate of $7.63B for the next quarter, whereas the lowest estimate is $6.95B.
A total of 31 analysts have provided revenue estimates for AMAT’s current fiscal year. The highest revenue estimate was $27.24B, while the lowest revenue estimate was $26.77B, resulting in an average revenue estimate of $27.06B. In the same quarter a year ago, actual revenue was $26.52BBased on 31 analysts’ estimates, the company’s revenue will be $30.29B in the next fiscal year. The high estimate is $32.24B and the low estimate is $28.82B.
