Applied Materials Inc. (AMAT) Stock: A Closer Look

At the time of writing, Applied Materials Inc. [AMAT] stock is trading at $185.84, up 6.87%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The AMAT shares have gain 10.50% over the last week, with a monthly amount glided 24.05%, and seem to be holding up well over a long-time horizon.

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On 6, February 2024, Applied Materials Announces Supplier Excellence Awards. In a post published today on Yahoo Finance, Applied Materials, Inc. today announced the recipients of Supplier Excellence Awards for contributions made to Applied’s business over the past year. The awards reflect outstanding technical and operational performance in areas including quality, service, lead time, delivery, cost and responsiveness.

From an analyst’s perspective:

Applied Materials Inc. [NASDAQ: AMAT] stock has seen the most recent analyst activity on January 23, 2024, when Cantor Fitzgerald initiated its Neutral rating and assigned the stock a price target of $180.

For the past year, the stock price of Applied Materials Inc. fluctuated between $109.00 and $178.40. Applied Materials Inc. [NASDAQ: AMAT] shares were valued at $185.84 at the most recent close of the market.

Analyzing the AMAT fundamentals

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 180.92 points at the first support level, and at 175.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 188.46, and for the 2nd resistance point, it is at 191.07.

Applied Materials Inc. [AMAT] reported earnings per share of $2.12 for its fiscal quarter that ended on 10/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2/share, meaning a difference of $0.12 and a surprise factor of 6.00%. By comparison, the stated earnings for the previous quarter ended on 7/30/2023 were $1.81 per share as compared to estimates of $1.65 per share, a difference of $0.16 representing a surprise of 9.70%.

Ratios To Look Out For

It is important to note that Applied Materials Inc. [NASDAQ:AMAT] has a current ratio of 2.60.

Transactions by insiders

We now turn our attention to insider trading, which in the past 3 months has resulted in 16 insider buyings of 480,779 shares and 9 insider sellings of 245,776 shares. Recent insider trading involved Nalamasu Omkaram, Senior Vice President, CTO, that happened on Dec 22 when 23228.0 shares were sold. SVP, CFO, Hill Brice completed a deal on Aug 30 to sell 1000.0 shares. Meanwhile, SVP, CLO Little Teri A. sold 10000.0 shares on Jul 07.

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