Applied Materials Inc [AMAT] stock prices are down -0.06% to $183.16 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The AMAT shares have gain 4.93% over the last week, with a monthly amount drifted -0.12%, 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 November 15, 2024, when TD Cowen reiterated its Buy rating and also revised its price target to $230 from $250. Previously, Barclays upgraded its rating to Equal Weight on June 05, 2024, and elevated its price target to $225. On May 17, 2024, TD Cowen reiterated its Buy rating and revised its price target to $250 on the stock. Jefferies downgraded its rating to a Hold and decreased its price target to $210 on May 13, 2024. Evercore ISI initiated its recommendation with a Outperform and recommended $260 as its price target on April 16, 2024. In a note dated April 08, 2024, Cantor Fitzgerald upgraded an Overweight rating on this stock but restated the target price of $260.
The stock price of Applied Materials Inc [AMAT] has been fluctuating between $144.57 and $255.89 over the past year. Currently, Wall Street analysts expect the stock to reach $199.28 within the next 12 months. Applied Materials Inc [NASDAQ: AMAT] shares were valued at $183.16 at the most recent close of the market. An investor can expect a potential return of 8.8% based on the average AMAT price forecast.
Analyzing the AMAT fundamentals
The Applied Materials Inc [NASDAQ:AMAT] reported sales of 27.16B for trailing twelve months, representing a surge of 5.04%. 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 0.26%. To continue investigating profitability, this company’s Return on Assets is posted at 0.21, Equity is 0.39 and Total Capital is 0.3. 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 181.55 points at the first support level, and at 179.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 184.01, and for the 2nd resistance point, it is at 184.87.
Ratios To Look Out For
It’s worth pointing out that Applied Materials Inc [NASDAQ:AMAT]’s Current Ratio is 2.51. On the other hand, the Quick Ratio is 1.87, and the Cash Ratio is 0.95. Considering the valuation of this stock, the price to sales ratio is 5.56, the price to book ratio is 8.01 and price to earnings (TTM) ratio is 21.28.
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.
