At the time of writing, Applied Materials Inc. [AMAT] stock is trading at $196.78, up 1.41%. 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 4.34% over the last week, with a monthly amount drifted -2.91%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Applied Materials Inc. [NASDAQ: AMAT] stock has seen the most recent analyst activity on June 05, 2024, when Barclays upgraded its rating to a Equal Weight and also boosted its price target to $225 from $165. Previously, TD Cowen reaffirmed its Buy rating on May 17, 2024, and elevated its price target to $250. On May 13, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $210 on the stock. Evercore ISI started tracking the stock assigning a Outperform rating and suggested a price target of $260 on April 16, 2024. Cantor Fitzgerald upgraded its rating to Overweight for this stock on April 08, 2024, but kept the price target unchanged to $260. In a note dated February 16, 2024, TD Cowen reiterated an Outperform rating on this stock and boosted its target price from $185 to $245.
For the past year, the stock price of Applied Materials Inc. fluctuated between $129.21 and $255.89. Currently, Wall Street analysts expect the stock to reach $199.43 within the next 12 months. Applied Materials Inc. [NASDAQ: AMAT] shares were valued at $196.78 at the most recent close of the market. An investor can expect a potential return of 1.35% based on the average AMAT price forecast.
Analyzing the AMAT fundamentals
According to Applied Materials Inc. [NASDAQ:AMAT], the company’s sales were 26.82B for trailing twelve months, which represents an 5.52% jump. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at 0.29%, Pretax Profit Margin comes in at 0.31%, and Net Profit Margin reading is 0.28%. To continue investigating profitability, this company’s Return on Assets is posted at 0.22, Equity is 0.42 and Total Capital is 0.29. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.34.
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 194.41 points at the first support level, and at 192.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 198.50, and for the 2nd resistance point, it is at 200.22.
Ratios To Look Out For
It is important to note that Applied Materials Inc. [NASDAQ:AMAT] has a current ratio of 2.86. As well, the Quick Ratio is 2.09, while the Cash Ratio is 1.15. Considering the valuation of this stock, the price to sales ratio is 6.05, the price to book ratio is 8.61 and price to earnings (TTM) ratio is 22.11.
Transactions by insiders
Recent insider trading involved Iannotti Thomas J, Director, that happened on Jun 21 ’24 when 9827.0 shares were sold. President, Semi. Products Grp., Raja Prabu G. completed a deal on Jun 18 ’24 to sell 50000.0 shares. Meanwhile, President and CEO DICKERSON GARY E sold 0.4 million shares on Jun 18 ’24.
