Key Takeaways from Applied Materials Inc. (AMAT)’s Recent Sales and Margin Figures

Applied Materials Inc. [AMAT] stock is trading at $206.67, down -0.86%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The AMAT shares have gain 2.65% over the last week, with a monthly amount glided 1.53%, and seem to be holding up well over a long-time horizon.

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On 11, March 2024, Applied Materials Increases Cash Dividend by 25 Percent. In a post published today on Yahoo Finance, Applied Materials, Inc. today announced that its Board of Directors has approved a 25-percent increase in the quarterly cash dividend from $0.32 to $0.40 per share. The dividend is payable on June 13, 2024 to shareholders of record as of May 23, 2024.

From an analyst’s perspective:

Applied Materials Inc. [NASDAQ: AMAT] stock has seen the most recent analyst activity on February 16, 2024, when TD Cowen reiterated its Outperform rating and also boosted its price target to $245 from $185. Previously, Cantor Fitzgerald started tracking the stock with Neutral rating on January 23, 2024, and set its price target to $180. On December 12, 2023, TD Cowen reiterated its Outperform rating and revised its price target to $185 on the stock. Redburn Atlantic upgraded its rating to a Buy but stick to its price target of $175 on November 22, 2023. TD Cowen reiterated its recommendation of a Outperform and raised its price target to $165 on November 17, 2023. Raymond James started tracking with a Outperform rating for this stock on October 17, 2023, and assigned it a price target of $160. In a note dated October 13, 2023, Needham upgraded an Buy rating on this stock but restated the target price of $180.

Applied Materials Inc. [AMAT] stock has fluctuated between $109.00 and $214.91 over the past year. Currently, Wall Street analysts expect the stock to reach $132.73 within the next 12 months. Applied Materials Inc. [NASDAQ: AMAT] shares were valued at $206.67 at the most recent close of the market. An investor can expect a potential drop of -35.78% based on the average AMAT price forecast.

Analyzing the AMAT fundamentals

Applied Materials Inc. [NASDAQ:AMAT] reported sales of 26.44B for the trailing twelve months, which represents a drop of -0.18%. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at 0.29%, Pretax Profit Margin comes in at 0.3%, and Net Profit Margin reading is 0.27%. To continue investigating profitability, this company’s Return on Assets is posted at 0.23, Equity is 0.45 and Total Capital is 0.31. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.33.

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 205.09 points at the first support level, and at 203.51 for the second support level. However, for the 1st resistance point, the stock is sitting at 209.73, and for the 2nd resistance point, it is at 212.79.

Applied Materials Inc. [AMAT] reported earnings per share of $1.97 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.76/share, meaning a difference of $0.21 and a surprise factor of 11.90%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were $2.12 per share as compared to estimates of $2 per share, a difference of $0.12 representing a surprise of 6.00%.

Ratios To Look Out For

For context, Applied Materials Inc.’s Current Ratio is 2.71. As well, the Quick Ratio is 1.91, while the Cash Ratio is 0.97. Considering the valuation of this stock, the price to sales ratio is 6.49, the price to book ratio is 9.85 and price to earnings (TTM) ratio is 24.31.

Transactions by insiders

Recent insider trading involved Nalamasu Omkaram, Senior Vice President, CTO, that happened on Dec 22 ’23 when 23228.0 shares were sold. SVP, CFO, Hill Brice completed a deal on Aug 30 ’23 to sell 1000.0 shares. Meanwhile, SVP, CLO Little Teri A. sold 10000.0 shares on Jul 07 ’23.

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