Applied Materials Inc. (AMAT) stock hits $209.25: Is it a good time to buy or wait for a dip?

Applied Materials Inc. [AMAT] stock is trading at $209.25, down -0.55%. An important factor to consider is whether the stock is rising or falling in short-term value. The AMAT shares have gain 0.90% over the last week, with a monthly amount glided 3.91%, and seem to be holding up well over a long-time horizon.

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On 28, March 2024, Applied Materials Earns Intel’s 2024 EPIC Distinguished Supplier Award. In a post published today on Yahoo Finance, Applied is one of only 27 Distinguished Award recipients across Intel’s global supply chain.

From an analyst’s perspective:

Applied Materials Inc. [NASDAQ: AMAT] stock has seen the most recent analyst activity on April 08, 2024, when Cantor Fitzgerald upgraded its rating to a Overweight but kept the price target unchanged to $260 for it. Previously, TD Cowen reaffirmed its Outperform rating on February 16, 2024, and elevated its price target to $245. On January 23, 2024, Cantor Fitzgerald initiated with a Neutral rating and assigned a price target of $180 on the stock. TD Cowen reiterated its Outperform rating and increased its price target to $185 on December 12, 2023. Redburn Atlantic upgraded its rating to a Buy but $175 remained the price target by the analyst firm on November 22, 2023. TD Cowen reiterated a Outperform rating for this stock on November 17, 2023, and upped its price target to $165. In a note dated October 17, 2023, Raymond James initiated an Outperform rating and provided a target price of $160 on this stock.

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 $209.25 at the most recent close of the market. An investor can expect a potential drop of -36.57% 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 207.69 points at the first support level, and at 206.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 211.23, and for the 2nd resistance point, it is at 213.22.

Applied Materials Inc. [AMAT] reported earnings per share of $2.13 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 $1.91/share, meaning a difference of $0.22 and a surprise factor of 11.50%. 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. On the other hand, the Quick Ratio is 1.91, and the Cash Ratio is 0.97. Considering the valuation of this stock, the price to sales ratio is 6.58, the price to book ratio is 9.98 and price to earnings (TTM) ratio is 24.61.

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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