Applied Materials Inc. [AMAT] Stock Looks Poised to Climb Further

Applied Materials Inc. [AMAT] has traded in a range of $36.64 to $87.03 in the last 1 year. As of this writing, the stock is at $88.84, up 3.18%. To check whether the stock’s short-term amount has a thrust, its good to check stock’s recent movement. Over the last week, AMAT shares are 7.48% up with the monthly amount drift of 36.97% and seems well in a long time frame.

On 3, December 2020, Applied Materials Announces Cash Dividend. According to news published on Yahoo Finance, Applied Materials, Inc. today announced that its Board of Directors has approved a quarterly cash dividend of $0.22 per share payable on the company’s common stock. The dividend is payable on March 18, 2021 to shareholders of record as of Feb. 25, 2021.

Analyst Birdseye View:

The most recent analyst activity for Applied Materials Inc. [NASDAQ:AMAT] stock was on August 14, 2020, when it was Reiterated with a Buy rating from B. Riley FBR, which also raised its 12-month price target on the stock from $72 to $82. Before that, on August 14, 2020, Cowen Recapitulated an Outperform rating and elevated its amount target to $82. On June 16, 2020, Morgan Stanley Reiterated an Equal-weight rating and boosted its price target on this stock from $52.50 to $60. On May 26, 2020, Barclays Initiated an Equal weight rating and increased its price target to $60. On May 15, 2020, B. Riley FBR Upgrade a Buy rating and increased its price target to $72. On May 15, 2020, Needham Reiterated a Buy rating and boosted its amount target on this stock to $70. On May 11, 2020, B. Riley FBR Reiterated a Neutral rating and boosted its target amount on this stock from $53 to $56. On April 02, 2020, DA Davidson Downgrade a Neutral rating and amplified its amount target to $50.

In the past 52 weeks of trading, this stock has oscillated between a low of $36.64 and a peak of $87.03. Right now, the middling Wall Street analyst 12-month amount mark is $83.00. At the most recent market close, shares of Applied Materials Inc. [NASDAQ:AMAT] were valued at $88.84. According to the average price forecast, investors can expect a potential return of 0.19%.

FUNDAMENTAL ANALYSIS

Applied Materials Inc. [NASDAQ:AMAT] most recently reported quarterly sales of 4.69 billion, which represented growth of 23.40%. This company’s Gross Margin is currently 44.70%, its Operating Margin is 21.20%, its Pretax Margin is +24.22, and its Net Margin is +21.04. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 17.49, 38.52, 29.54 and 25.00 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 33.99 and the whole liability to whole assets at 24.37. It shows enduring liability to the whole principal at 33.99 and enduring liability to assets at 0.24 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 87.35 points at 1st support level, the second support level is making up to 85.87. But as of 1st resistance point, this stock is sitting at 89.62 and at 90.41 for 2nd resistance point.

Applied Materials Inc. [AMAT] reported its earnings at $1.25 per share in the fiscal quarter closing of 10/30/2020. The Analysts for Wall Street were expecting to report its earnings at $1.17/share signifying the difference of 0.08 and 6.80% surprise value. Comparing the previous quarter ending of 7/30/2020, the stated earnings were $1.06 calling estimates for $0.95/share with the difference of 0.11 depicting the surprise of 11.60%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Applied Materials Inc. [NASDAQ:AMAT] is 2.90. Likewise, the Quick ratio is also the same, showing Cash ratio at 1.29. Now if looking for a valuation of this stock’s amount to sales ratio it’s 3.27 and showing 22.66 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by Karsner Alexander, Director, and it was the sale of 3467.0 shares on Jun 22. Karsner Alexander, the Director, completed a sale of 20027.0 shares on Jun 18. On Feb 14, Forrest Stephen R, Director, completed a sale of 2000.0 shares.